Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0085%/8h= −9.4% APRpaid last 24h +0.021%

Price spread now: RISEx against Kalshi−0.168%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Kalshi Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.256%+$26 on $10k

Price spread, last 7 days+0.299%+$30 · spread now −0.168%, 7d avg −0.016%

Together, before fees+0.555%+$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.153% cheaper against Kalshi than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.256%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.506	0	get 0.0000% / 8h	5h 30m	$86K	$5.6M	1.7x
Short	RISEx VVV/USDC	31.453	−0.0085	pay 0.0011% / 1h	30m 15s	$386K	$644K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$17.95
Price spread: −0.168% → −0.016%: −$15.25
Slippage, 4 orders: −$25.44
Fee Kalshi: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$74.64
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; RISEx: live order book, 13 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	5.88 bp	15.1 bp −$15	23.1 bp −$231	doesn't fit	doesn't fit
Sell RISEx live order book, 13 min ago	3.07 bp	6.2 bp −$6	doesn't fit	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.507	+0.003%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDCshort	−0.0085%	1h	31.453	−0.168%	$386K	$644K	5x
01 Exchange VVVUSD	0.0000%	1h	31.464	−0.133%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.506	long leg	$86K	$5.6M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.491	−0.048%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.518	+0.037%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.171%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.471	−0.112%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.485	−0.067%	$463K	$1.6M	5x	as long as short
BloFin VVV-USDT	+0.0098%	4h	31.513	+0.022%	$1.4M	$1.5M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.472	−0.109%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.480	−0.081%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.519	+0.041%	$70.9M	$47.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.494	−0.038%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.491	−0.049%	$186K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.496	−0.032%	$33.9M	$120.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.465	−0.129%	$38.7M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.483	−0.073%	$4.9M	$30.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.486	−0.063%	$11.3M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.501	−0.016%	$6.8M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.506	0.000%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.493	−0.041%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.498	−0.025%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.503	−0.010%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.478	−0.089%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.358	−0.470%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.500	−0.019%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.498	−0.024%	$301K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.493	−0.041%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	31.466	−0.127%	$78K	$333K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.366	−0.444%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0430% / S −0.0202%	1h	31.523	+0.055%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0491%	1h	31.531	+0.080%	$154K	$266K	5x	as long as short