Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0295%/8h= −32.3% APRpaid last 24h −0.004%

Price spread now: Polymarket Perps against KuCoin+0.038%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$920.921% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 3 days (all we have)+0.109%+$11 · spread now +0.038%, 7d avg +0.006%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of +0.006%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.100% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% 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	KuCoin VVVUSDTM	31.921	0.0100	pay 0.0050% / 4h	3h 56m	$2.0M	$2.8M	20x
Short	Polymarket Perps VVV-USD	31.933	−0.0195	pay 0.0024% / 1h	56m 21s	$146K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$61.94
Price spread: +0.038% → +0.006%: $3.11
Slippage, 4 orders: −$72.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$150.92
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Polymarket Perps: live order book, 2 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, 11 min ago	10.03 bp	36.4 bp −$36	777.5 bp −$7,775	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.82 bp	6.8 bp −$7	6.9 bp −$69	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	−0.0195%	1h	31.933	+0.038%	$146K	$1.2M	3x
RISEx VVV/USDC	−0.0015%	1h	31.960	+0.123%	$393K	$599K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.980	+0.185%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.944	+0.072%	$109K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.943	+0.070%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.892	−0.091%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.816%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0087%	4h	31.937	+0.050%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.941	+0.063%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.909	−0.038%	$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	31.885	−0.111%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.971	+0.157%	$74.1M	$55.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.881	−0.125%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.952	+0.096%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.919	−0.006%	$33.5M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.896	−0.078%	$39.1M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.900	−0.066%	$4.6M	$41.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.876	−0.141%	$10.7M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.897	−0.075%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.921	long leg	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.930	+0.028%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.896	−0.078%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.962	+0.129%	$124K	$339K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.948	+0.084%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.925	+0.011%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.914	−0.022%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.948	+0.084%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.937	+0.050%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.942	+0.067%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.960	+0.122%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.987	+0.207%	$56K	$295K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.870	−0.161%	$576K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.278	+1.117%	$242K	$1.3M	25x	as long as short