Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 27.690 | +0.0447 | pay 0.0040% / 43m | 16m 56s | $10K | $164K | 3x | Long Perpl | |
| SHORT | 27.700 | 0 | 0.0000% / 8h | 4h 01m | $107K | $1.0M | 1.7x | Short Kalshi |
Price gap+0.037%
Funding gap−0.0447% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $13 a day and eats that in about 9 hours. At the last 7 days' pace that is about 2.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14−0.0447% /8h now · paid −0.138% over the last 7D
Price+$5spread +0.037% now, avg −0.014% → +0.050% if it goes back
Costsno datano order book for Perpl
Result, before costs−$9−0.09%+ Points / potential airdropPerpl: points · farm boardcosts unknown: no order book for Perpl · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.138% in total, about −0.0066%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.037%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hVVV on 35 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Perpl: its slippage is not counted.
- Note: Margin at max leverage$3,333 + $5,668Perpl 3x, Kalshi 1.7x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ43m / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$13.60Long Perpl: 34 payments, −$13.60; short Kalshi: 3 payments, $0.00.
- OK: Entry gap works for you+0.037% vs −0.014%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$10K vs $107K OIPerpl sets your exit cost. Check its book before closing.
- OK: Points on a legPerpl pointsVolume here counts toward the points program.
- Watch: KYCPerpl No · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0066%/8h × 21 periods−$13.85
Price spread+0.037% → −0.014% (7d avg)+$5.04
Slippage, 4 ordersno data for Perpl—
Fee Perpl bp × 2 orders−$6.90
Fee Kalshi bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$23.71
Costs to cover0.149%Break-evennever at this rate
Slippage: Perpl: no order-book sample; Kalshi: live order book, 73 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPerpl—————
SELL · SHORTKalshi9.3013.3 bp−$1319.2 bp−$192doesn’t fitdoesn’t fit
Closing costs about the same again.
Perpl: no data.
| 10-01 00:11 | Derive | Token | September at Derive: ➤ Leadership. @APvanvoorhees joined as Chief Legal and Compliance Officer, bringing 20+ years in capital markets and derivatives law. ➤ Record month. $1.7B in a week, $4.8B for September. ➤ New markets. LIT, PUMP and VVV markets went live, with liquidity ramping ahead of V3. ➤ Governance. Proposals went live for the V3 launch and increasing the share of protocol revenue allocated to $DRV buybacks from 35% to 50%. ➤ fomo. Derive joined @fomo, giving users another way to follow our updates. ➤ Bitvavo listing. $DRV went live for eligible users in supported regions. Next: Derive V3. @DeriveXYZ on X ↗ |
| 09-23 15:23 | Perpl | Listing | You can now trade $VVV with up to 3x leverage. For the next 24 hours, $1,000 in extra mPoints will be allocated to traders in proportion to their volume on the pair. @perpltrade on X ↗ |
| 09-23 15:22 | Perpl | Listing | new market VVV ($VVV) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market VVV/USD ($VVV) seen by our collector |
| 09-21 04:31 | Bitget | Listing | $NEAR has surged over 80% in seven days after launching confidential-by-default perpetual futures. While $VVV is building privacy-focused AI that generates conversations and images without retaining user data. @bitget on X ↗ |
| 09-19 06:31 | OKX | Listing | Trending this week on OKX: • Listed: $VVV & $PONS global Spot • New: 3 Tokenized Stocks & 10 X-Perps pairs • Added: $AEON to X Drops 🇺🇸 • Live: 10 new USDC Spot Margin pairs 🇪🇺 @okx on X ↗ |

Derive
Avantis
Bitget
OKX