Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.021%

Price spread now: Kalshi against Polymarket Perps+0.224%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Polymarket Perps Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 7 days−0.283%−$28 · spread now +0.224%, 7d avg +0.029%

Together, before fees−0.145%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.195% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of +0.029%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.138%, 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	Polymarket Perps VVV-USD	31.701	0.0100	pay 0.0013% / 1h	47m 15s	$131K	$1.3M	3x
Short	Kalshi KXVVVPERP	31.772	0	get 0.0000% / 8h	3h 47m	$98K	$5.3M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Polymarket Perps. 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 Polymarket PerpsbpFee KalshibpOrdersPrice spread, now +0.224%Rate

Funding earned: −$21
Price spread: +0.224% → +0.029%: $19.54
Slippage, 4 orders: −$26.94
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$46.4
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Kalshi: live order book, 1 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 Polymarket Perps live order book, 16 min ago	2.86 bp	8.4 bp −$8	8.5 bp −$85	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	5.23 bp	19.5 bp −$19	26.2 bp −$262	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
RISEx VVV/USDC	−0.0349%	1h	31.511	−0.601%	$393K	$670K	5x	as long as short
Phemex VVVUSDT	−0.0269%	4h	31.768	+0.211%	$2.0M	$2.1M	50x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.772	+0.224%	$98K	$5.3M	1.7x
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.801	+0.314%	$192K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.774	+0.229%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.530%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.766	+0.205%	$2.0M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.765	+0.202%	$468K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.757	+0.175%	$3K	$63	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.724	+0.074%	$192K	$973K	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	31.753	+0.163%	$70.8M	$43.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.747	+0.146%	$251K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.805	+0.329%	$187K	$119K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.767	+0.208%	$33.8M	$108.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.755	+0.171%	$38.8M	$39.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.760	+0.186%	$4.9M	$26.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.733	+0.101%	$11.9M	$4.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.768	+0.211%	$7.1M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.734	+0.104%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.765	+0.202%	$5.8M	$6.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.773	+0.227%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.503	−0.624%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USDlong	+0.0100%	1h	31.701	long leg	$131K	$1.3M	3x
Derive VVV-PERP	+0.0100%	1h	31.507	−0.612%	$3K	$3K	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.760	+0.187%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.744	+0.134%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.540	−0.508%	$78K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0141%	4h	31.771	+0.221%	$1.3M	$1.4M	25x	as long as short
Phoenix VVV	+0.0229%	1h	31.551	−0.473%	$33K	$201K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0216%	1h	31.517	−0.580%	$507K	—	100x	as long as short
01 Exchange VVVUSD	+0.0448%	1h	31.773	+0.227%	$11K	$2K	3x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0449%	1h	31.779	+0.246%	$88K	$22K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0893%	1h	31.622	−0.250%	$161K	$266K	5x	as long as short