Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0107%/8h= −11.8% APRpaid last 24h −0.023%

Price spread now: Kalshi against BloFin+0.025%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.025%, 7d avg −0.082%

Together, before fees−0.393%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.107% dearer against BloFin than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.082%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	31.519	0.0107	pay 0.0054% / 4h	8m 33s	$1.3M	$1.4M	25x
Short	Kalshi KXVVVPERP	31.527	0	get 0.0000% / 8h	4h 08m	$94K	$5.3M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now +0.025%Rate

Funding earned: −$22.55
Price spread: +0.025% → −0.082%: $10.72
Slippage, 4 orders: −$35.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$69.72
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.32 bp	12.2 bp −$12	32.0 bp −$320	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	6.50 bp	17.4 bp −$17	27.5 bp −$275	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	−0.0337%	1h	31.480	−0.124%	$391K	$668K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.499	−0.063%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.527	+0.025%	$94K	$5.3M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.526	+0.023%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.544	+0.079%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.128%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0068%	4h	31.498	−0.067%	$11.7M	$5.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.508	−0.035%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.511	−0.025%	$464K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.508	−0.036%	$3K	$73	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	31.518	−0.002%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.543	+0.076%	$70.5M	$44.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.517	−0.006%	$249K	$616K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.520	+0.002%	$185K	$122K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.510	−0.028%	$33.6M	$112.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.487	−0.101%	$38.4M	$39.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.504	−0.048%	$4.8M	$27.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.516	−0.010%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.501	−0.057%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.498	−0.067%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.530	+0.035%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.433	−0.274%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.502	−0.054%	$123K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.521	+0.007%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.538	+0.060%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.512	−0.021%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.515	−0.011%	$6K	—	3x	as long as short
BloFin VVV-USDTlong	+0.0107%	4h	31.519	long leg	$1.3M	$1.4M	25x
edgeX VVVUSDC	+0.0111%	4h	31.478	−0.130%	$78K	$329K	10x	as long as short
01 Exchange VVVUSD	+0.0168%	1h	31.527	+0.025%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.520	+0.003%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0214%	1h	31.534	+0.048%	$507K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0474%	1h	31.553	+0.109%	$160K	$270K	5x	as long as short