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 +0.010%

Price spread now: Kalshi against KuCoin−0.016%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1000.996% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.174%−$17 · spread now −0.016%, 7d avg +0.001%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.971	0.0100	pay 0.0050% / 4h	19m 36s	$2.0M	$2.8M	20x
Short	Kalshi KXVVVPERP	31.966	0	get 0.0000% / 8h	4h 19m	$106K	$6.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now −0.016%Rate

Funding earned: −$21
Price spread: −0.016% → +0.001%: −$1.71
Slippage, 4 orders: −$77.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$122.3
Costs to cover: 0.996%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Kalshi: 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 KuCoin live order book, 2 min ago	8.44 bp	37.4 bp −$37	786.8 bp −$7,868	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	6.70 bp	11.7 bp −$12	20.7 bp −$207	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	−0.0009%	1h	31.993	+0.069%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.966	−0.016%	$106K	$6.8M	1.7x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.007	+0.112%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0029%	1h	31.964	−0.022%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.656%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	31.963	−0.025%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.011	+0.126%	$394K	$604K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.987	+0.050%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.964	−0.022%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.985	+0.045%	$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	32.003	+0.100%	$74.1M	$55.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.983	+0.037%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.984	+0.040%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.987	+0.049%	$33.5M	$156.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.992	+0.066%	$39.3M	$52.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.007	+0.113%	$4.6M	$42.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.003	+0.100%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.991	+0.063%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.971	long leg	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.986	+0.047%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.010	+0.122%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.987	+0.051%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.996	+0.077%	$2K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.024	+0.166%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.976	+0.016%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.999	+0.089%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.001	+0.095%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.032	+0.190%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.110	+0.435%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0130%	1h	31.999	+0.088%	$123K	$360K	5x	as long as short
BloFin VVV-USDT	+0.0153%	4h	31.964	−0.022%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0119%	1h	32.002	+0.096%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.959%	$242K	$1.3M	25x	as long as short