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 +0.014%

Price spread now: Kalshi against Variational Omni+0.887%7-day average +0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 7 days−0.826%−$83 · spread now +0.887%, 7d avg +0.042%

Together, before fees−0.746%+ Points / potential airdropVariational Omni: Active · farm board−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.846% dearer against Variational Omni than usual: you sell high and buy low (spread +0.887% now, against its 7-day average of +0.042%): +$85 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 days. Mind the row above: over the last 3 days funding on this pair paid +0.079%, 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	Variational Omni VVV	31.543	0.0100	pay 0.0050% / 4h	2h 25m	$2.1M	$180K	—
Short	Kalshi KXVVVPERP	31.823	0	get 0.0000% / 8h	6h 25m	$118K	$6.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Variational Omni. 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 Variational OmnibpFee KalshibpOrdersPrice spread, now +0.887%Rate

Funding earned: −$21
Price spread: +0.887% → +0.042%: $84.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $53.55
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kalshi: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	3.51 bp	doesn't fit	80.7 bp −$807	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	5.67 bp	14.4 bp −$14	22.9 bp −$229	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	−0.0039%	1h	31.789	+0.779%	$91K	$22K	10x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.823	+0.887%	$118K	$6.8M	1.7x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.794	+0.795%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.834	+0.922%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.048%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0074%	1h	31.812	+0.853%	$138K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.571	+0.089%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.822	+0.883%	$391K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.762	+0.694%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.740	+0.624%	$472K	$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
BloFin VVV-USDT	+0.0097%	4h	31.836	+0.929%	$1.3M	$1.7M	25x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.798	+0.808%	$146K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.783	+0.761%	$72.5M	$54.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.815	+0.862%	$278K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.860	+1.005%	$189K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.769	+0.716%	$33.6M	$154.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.748	+0.650%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.761	+0.691%	$4.7M	$41.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.763	+0.697%	$10.7M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.770	+0.719%	$17.1M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.793	+0.792%	$2.1M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.737	+0.615%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.753	+0.666%	—	$5.4M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	31.543	long leg	$2.1M	$180K	—
Derive VVV-PERP	+0.0100%	1h	31.789	+0.781%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.762	+0.694%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.838	+0.935%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.734	+0.605%	$318K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.800	+0.814%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.561	+0.058%	$78K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.847	+0.962%	$205K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0270%	1h	31.790	+0.784%	$120K	$380K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0195%	1h	31.776	+0.739%	$543K	—	100x	as long as short