Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0280%/8h= +30.6% APRpaid last 24h −0.069%

Price spread now: Kalshi against RISEx+0.151%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on RISEx Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.286%−$29 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.151%, 7d avg +0.017%

Together, before fees−0.386%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kalshi is 0.134% dearer against RISEx than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.017%. Mind the row above: over the last 4 days funding on this pair cost −0.286%, 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	RISEx VVV/USDC	31.073	−0.0152	get 0.0019% / 1h	54m 00s	$381K	$644K	5x
Short	Kalshi KXVVVPERP	31.120	0.0128	get 0.0128% / 8h	1h 54m	$106K	$6.2M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against RISEx. 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 RISExbpFee KalshibpOrdersPrice spread, now +0.151%Rate

Funding earned: $58.72
Price spread: +0.151% → +0.017%: $13.4
Slippage, 4 orders: −$23.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $33.06
Costs to cover: 0.391%
Break-even: 3.1 days

Slippage from RISEx: live order book, 10 min ago; Kalshi: live order book, 5 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 RISEx live order book, 10 min ago	1.85 bp	4.9 bp −$5	20.3 bp −$203	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	4.46 bp	16.5 bp −$17	21.7 bp −$217	doesn't fit	doesn't fit

VVV on 32 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/USDClong	−0.0152%	1h	31.073	long leg	$381K	$644K	5x
Polymarket Perps VVV-USD	−0.0070%	1h	31.086	+0.041%	$134K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0062%	4h	31.059	−0.046%	$10.4M	$6.1M	25x	as long as short
Phoenix VVV	0.0000%	1h	31.373	+0.965%	$38K	$264K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.100	+0.087%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.103	+0.095%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.622%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.065	−0.027%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.060	−0.043%	$460K	$1.5M	5x	as long as short
01 Exchange VVVUSD	+0.0096%	1h	31.091	+0.057%	$11K	$3K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.060	−0.042%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.099	+0.081%	$132K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.067	−0.018%	$71.5M	$53.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.106	+0.107%	$251K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.082	+0.027%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.077	+0.012%	$33.0M	$146.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.055	−0.058%	$38.2M	$49.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.067	−0.020%	$4.7M	$38.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.087	+0.044%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.093	+0.064%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.064	−0.030%	$5.6M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.071	−0.007%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.270	+0.634%	$2.0M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.090	+0.054%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.114	+0.131%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.056	−0.055%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.103	+0.095%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.176	+0.330%	$77K	$334K	10x	as long as short
Kalshi KXVVVPERPshort	+0.0128%	8h	31.120	+0.151%	$106K	$6.2M	1.7x
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.121	+0.153%	$154K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.089	+0.050%	$560K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0268%	1h	31.090	+0.053%	$120K	$308K	5x	as long as short