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 +0.031%

Price spread now: Kalshi against Gate−0.070%7-day average +0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$820.818% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 7 days+0.111%+$11 · spread now −0.070%, 7d avg +0.070%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.141% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.070%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.115%, 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	Gate VVV_USDT	32.648	0.0100	pay 0.0050% / 4h	1h 46m	$11.1M	$7.7M	25x
Short	Kalshi KXVVVPERP	32.625	0	get 0.0000% / 8h	5h 46m	$105K	$6.8M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now −0.070%Rate

Funding earned: −$21
Price spread: −0.070% → +0.070%: −$14.09
Slippage, 4 orders: −$56.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$116.85
Costs to cover: 0.818%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Kalshi: live order book, 3 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 Gate live order book, 2 min ago	2.15 bp	23.0 bp −$23	634.1 bp −$6,341	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	7.98 bp	15.7 bp −$16	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
Kalshi KXVVVPERPshort	0.0000%	8h	32.625	−0.070%	$105K	$6.8M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.655	+0.021%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.659	+0.034%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.527%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.658	+0.030%	$2.3M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.668	+0.061%	$488K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.658	+0.031%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.660	+0.037%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.623	−0.077%	$276K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.582	−0.201%	$187K	$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	32.650	+0.006%	$34.3M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.629	−0.058%	$40.2M	$52.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.654	+0.018%	$4.8M	$43.0M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	32.648	long leg	$11.1M	$7.7M	25x
MEXC VVV_USDT	+0.0100%	4h	32.647	−0.003%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.637	−0.034%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.649	+0.003%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.659	+0.034%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.608	−0.122%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.651	+0.009%	$143K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.653	+0.014%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.630	−0.055%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.628	−0.062%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.665	+0.051%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.626	−0.068%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.677	+0.088%	$81K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0124%	4h	32.608	−0.123%	$1.4M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.547	−0.311%	$198K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.640	−0.026%	$400K	$592K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0190% / S +0.0135%	1h	32.655	+0.022%	$594K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0316%	1h	32.582	−0.203%	$126K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0504%	1h	32.664	+0.049%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0743%	1h	32.706	+0.178%	$76.2M	$55.3M	3x	as long as short