Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.010%

Price spread now: OKX against Kalshi−0.053%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$640.645% of the position

Long on Kalshi Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.053%, 7d avg −0.008%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.045% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.008%). If the spread goes back, that is −$4 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.965	0	get 0.0000% / 8h	3h 54m	$109K	$6.8M	1.7x
Short	OKX VVV-USDT-SWAP	31.948	0.0100	get 0.0050% / 4h	3h 54m	$4.7M	$41.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $21
Price spread: −0.053% → −0.008%: −$4.49
Slippage, 4 orders: −$44.49
Fee Kalshi: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.99
Costs to cover: 0.645%
Break-even: 23.0 days

Slippage from Kalshi: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	5.63 bp	16.1 bp −$16	22.4 bp −$224	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.04 bp	18.2 bp −$18	72.2 bp −$722	doesn't fit	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
Gate VVV_USDT	−0.0192%	4h	31.951	−0.044%	$10.7M	$7.3M	25x	as long as short
Polymarket Perps VVV-USD	−0.0159%	1h	31.971	+0.019%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.951	−0.045%	$393K	$599K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.951	−0.044%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.965	long leg	$109K	$6.8M	1.7x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.005	+0.126%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.675%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.934	−0.098%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.951	−0.044%	$475K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.983	+0.056%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.023	+0.181%	$74.2M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.986	+0.065%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.963	−0.006%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.968	+0.009%	$33.5M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.944	−0.066%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	31.948	−0.053%	$4.7M	$41.9M	20x
MEXC VVV_USDT	+0.0100%	4h	31.977	+0.038%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.981	+0.050%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.966	+0.003%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.965	0.000%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.948	−0.054%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.997	+0.100%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.984	+0.059%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.955	−0.032%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.949	−0.050%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.994	+0.091%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.933	−0.099%	$79K	$333K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0119%	1h	32.031	+0.207%	$124K	$339K	5x	as long as short
BloFin VVV-USDT	+0.0122%	4h	32.022	+0.178%	$1.3M	$1.8M	25x	as long as short
Phoenix VVV	+0.0124%	1h	31.945	−0.063%	$56K	$298K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.993	+0.088%	$579K	—	100x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0250%	1h	32.006	+0.128%	$91K	$23K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.278	+0.978%	$242K	$1.3M	25x	as long as short