Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Kalshi+0.176%7-day average −0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 7 days−0.238%−$24 · spread now +0.176%, 7d avg −0.042%

Together, before fees−0.317%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.218% dearer against Kalshi than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.042%. Mind the row above: over the last 3 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.782	0	get 0.0000% / 8h	6h 24m	$118K	$6.8M	1.7x
Short	Variational Omni VVV	31.838	0.0100	get 0.0050% / 4h	2h 24m	$2.1M	$180K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.176%Rate

Funding earned: $21
Price spread: +0.176% → −0.042%: $21.77
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.77
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kalshi: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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	5.67 bp	14.3 bp −$14	24.9 bp −$249	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.51 bp	doesn't fit	78.5 bp −$785	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
Deribit VVV_USDC-PERPETUAL	−0.0001%	1h	31.810	+0.089%	$91K	$22K	10x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.782	long leg	$118K	$6.8M	1.7x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.804	+0.068%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.266%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	31.911	+0.406%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.571	−0.664%	$55K	$292K	5x	as long as short
Polymarket Perps VVV-USD	+0.0077%	1h	31.864	+0.258%	$142K	$1.2M	3x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.890	+0.339%	$392K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.908	+0.396%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.886	+0.327%	$475K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.879	+0.307%	$147K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.932	+0.472%	$72.8M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.873	+0.285%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.901	+0.375%	$189K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.894	+0.352%	$33.7M	$154.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.873	+0.288%	$39.3M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.884	+0.321%	$4.8M	$41.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.880	+0.308%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.901	+0.374%	$17.2M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.823	+0.129%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.883	+0.318%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.895	+0.356%	—	$5.4M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.838	+0.176%	$2.1M	$180K	—
Derive VVV-PERP	+0.0100%	1h	31.812	+0.094%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.774	−0.025%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.897	+0.361%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.896	+0.358%	$318K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.818	+0.114%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	31.836	+0.170%	$79K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0138%	4h	31.835	+0.167%	$1.3M	$1.7M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.847	+0.203%	$205K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0256%	1h	31.856	+0.233%	$120K	$380K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0195%	1h	31.797	+0.046%	$543K	—	100x	as long as short