Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.021%

Price spread now: Kalshi against Coinbase International−0.211%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on Coinbase International Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)+0.607%+$61 · spread now −0.211%, 7d avg −0.062%

Together, before fees+0.524%+$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kalshi is 0.149% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	32.185	0.0144	pay 0.0018% / 1h	23m 32s	$190K	$1.3M	25x
Short	Kalshi KXVVVPERP	32.117	0.0101	get 0.0101% / 8h	5h 23m	$105K	$6.9M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Coinbase International. 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 Coinbase InternationalbpFee KalshibpOrdersPrice spread, now −0.211%Rate

Funding earned: −$8.98
Price spread: −0.211% → −0.062%: −$14.94
Slippage, 4 orders: −$57.28
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$101.2
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	16.08 bp	23.9 bp −$24	29.4 bp −$294	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	4.95 bp	14.7 bp −$15	23.2 bp −$232	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	0.0000%	1h	32.062	−0.381%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.124	−0.190%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.973%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0074%	4h	32.078	−0.332%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.156	−0.089%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.105	−0.248%	$477K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.033	−0.472%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.147	−0.119%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.127	−0.180%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.137	−0.149%	$184K	$183K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.129	−0.174%	$33.6M	$157.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.131	−0.167%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.133	−0.161%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.135	−0.155%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.136	−0.152%	$6.2M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.099	−0.267%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.113	−0.223%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.133	−0.161%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.077	−0.334%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.116	−0.214%	$136K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.062	−0.383%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.086	−0.307%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.128	−0.176%	$3K	$106	5x	as long as short
Kalshi KXVVVPERPshort	+0.0101%	8h	32.117	−0.211%	$105K	$6.9M	1.7x
Extended VVV-USD	+0.0104%	1h	32.120	−0.201%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.060	−0.388%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	32.073	−0.348%	$80K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0144%	1h	32.185	long leg	$190K	$1.3M	25x
RISEx VVV/USDC	+0.0175%	1h	32.136	−0.152%	$394K	$598K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0167%	1h	32.083	−0.317%	$617K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0234%	1h	32.071	−0.353%	$121K	$375K	5x	as long as short
01 Exchange VVVUSD	+0.0392%	1h	32.141	−0.136%	$11K	$3K	3x	as long as short
Hyperliquid VVV	+0.0420%	1h	32.167	−0.056%	$74.6M	$56.1M	3x	as long as short