Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0322%/8h= −35.3% APRpaid last 24h −0.012%

Price spread now: Polymarket Perps against Kalshi−0.168%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Kalshi Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 3 days (all we have)+0.268%+$27 · spread now −0.168%, 7d avg +0.034%

Together, before fees+0.155%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Polymarket Perps is 0.202% cheaper against Kalshi than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	32.084	0	get 0.0000% / 8h	3h 37m	$108K	$6.6M	1.7x
Short	Polymarket Perps VVV-USD	32.030	−0.0322	pay 0.0040% / 1h	37m 01s	$146K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$67.65
Price spread: −0.168% → +0.034%: −$20.24
Slippage, 4 orders: −$23.8
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$129.7
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Polymarket Perps: live order book, 1 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, 2 min ago	6.54 bp	14.3 bp −$14	23.9 bp −$239	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.34 bp	6.3 bp −$6	6.8 bp −$68	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
Polymarket Perps VVV-USDshort	−0.0322%	1h	32.030	−0.168%	$146K	$1.2M	3x
Deribit VVV_USDC-PERPETUAL	−0.0246%	1h	32.047	−0.116%	$91K	$23K	10x	as long as short
01 Exchange VVVUSD	−0.0104%	1h	32.051	−0.103%	$11K	$3K	3x	as long as short
Bybit VVVUSDT	−0.0055%	4h	32.054	−0.094%	$39.3M	$51.5M	20x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.023	−0.191%	$394K	$601K	5x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	32.084	long leg	$108K	$6.6M	1.7x
Phoenix VVV	0.0000%	1h	32.084	0.000%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.058	−0.081%	$19K	—	150x	as long as short
Gate VVV_USDT	+0.0006%	4h	32.045	−0.122%	$10.8M	$7.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.294%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0067%	4h	32.050	−0.106%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.038	−0.145%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.045	−0.122%	$477K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.033	−0.157%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.094	+0.031%	$74.4M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.066	−0.057%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.147	+0.195%	$192K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.035	−0.153%	$33.7M	$154.6M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.055	−0.090%	$4.7M	$41.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.076	−0.025%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.042	−0.131%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.056	−0.087%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.042	−0.131%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.084	+0.001%	$124K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.057	−0.084%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.062	−0.069%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.055	−0.090%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.122	+0.119%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.043	−0.129%	$305K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.070	−0.044%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.094	+0.030%	$80K	$334K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0120%	1h	32.066	−0.058%	$580K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.032	−0.162%	$247K	$1.3M	25x	as long as short