Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: MEXC against Kalshi−0.118%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Kalshi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.206%+$21 · spread now −0.118%, 7d avg +0.032%

Together, before fees+0.250%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.150% cheaper against Kalshi than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	32.261	0.0100	pay 0.0100% / 8h	5h 15m	$107K	$6.9M	1.7x
Short	MEXC VVV_USDT	32.223	0.0100	get 0.0050% / 4h	1h 15m	$6.3M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kalshi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KalshibpFee MEXCbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$0.08
Price spread: −0.118% → +0.032%: −$14.95
Slippage, 4 orders: −$27.5
Fee Kalshi: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$52.54
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; MEXC: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kalshi live order book, 3 min ago	7.15 bp	16.0 bp −$16	23.4 bp −$234	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.62 bp	5.2 bp −$5	58.8 bp −$588	242.8 bp −$24.3K	doesn't fit

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.205	−0.175%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.193	−0.212%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.733%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0069%	4h	32.190	−0.220%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.255	−0.020%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.213	−0.149%	$479K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.131	−0.403%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.188	−0.228%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.237	−0.076%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.205	−0.174%	$185K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.274	+0.041%	$33.7M	$157.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.207	−0.166%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.219	−0.130%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.221	−0.124%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	32.223	−0.118%	$6.3M	$7.1M	50x
KuCoin VVVUSDTM	+0.0100%	4h	32.214	−0.146%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.204	−0.177%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.222	−0.121%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.091	−0.527%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.172	−0.276%	$139K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.203	−0.181%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.209	−0.161%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.202	−0.182%	$3K	$106	5x	as long as short
Kalshi KXVVVPERPlong	+0.0100%	8h	32.261	long leg	$107K	$6.9M	1.7x
Extended VVV-USD	+0.0104%	1h	32.218	−0.133%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.196	−0.203%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.083	−0.552%	$80K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.233	−0.086%	$240K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.202	−0.182%	$395K	$596K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0186% / S +0.0167%	1h	32.189	−0.223%	$619K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0223%	1h	32.232	−0.091%	$122K	$373K	5x	as long as short
Hyperliquid VVV	+0.0317%	1h	32.246	−0.046%	$74.8M	$56.1M	3x	as long as short
01 Exchange VVVUSD	+0.0344%	1h	32.199	−0.192%	$12K	$3K	3x	as long as short