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 +0.016%

Price spread now: Binance against Kalshi−0.220%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 7 days+0.190%+$19 · spread now −0.220%, 7d avg +0.033%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.253% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.220% now, against its 7-day average of +0.033%). If the spread goes back, that is −$25 on $10k: about 8.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.045% in total) that is about 39 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	32.279	0	get 0.0000% / 8h	4h 42m	$113K	$6.9M	1.7x
Short	Binance VVVUSDT	32.208	0.0100	get 0.0050% / 4h	42m 13s	$33.7M	$157.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kalshi. 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 KalshibpFee BinancebpOrdersPrice spread, now −0.220%Rate

Funding earned: $21
Price spread: −0.220% → +0.033%: −$25.27
Slippage, 4 orders: −$33.6
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$57.87
Costs to cover: 0.536%
Break-even: 26.3 days

Slippage from Kalshi: live order book, 2 min ago; Binance: live order book, 1 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 Kalshi live order book, 2 min ago	7.59 bp	17.8 bp −$18	27.1 bp −$271	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.16 bp	12.0 bp −$12	34.5 bp −$345	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 KXVVVPERPlong	0.0000%	8h	32.279	long leg	$113K	$6.9M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.204	−0.231%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.219	−0.184%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0012%	1h	32.194	−0.263%	$147K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.676%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.202	−0.237%	$396K	$604K	5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	32.191	−0.273%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.235	−0.136%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.197	−0.254%	$479K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.215	−0.197%	$162K	$832K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.244	−0.108%	$74.7M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.244	−0.109%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.256	−0.070%	$193K	$191K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	32.208	−0.220%	$33.7M	$157.0M	25x
Bybit VVVUSDT	+0.0100%	4h	32.201	−0.242%	$39.6M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.199	−0.248%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.212	−0.208%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.227	−0.161%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.227	−0.161%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.208	−0.220%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.221	−0.180%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.328	+0.153%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.206	−0.225%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.209	−0.217%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.233	−0.142%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.206	−0.227%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.232	−0.145%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	32.324	+0.139%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.304	+0.077%	$57K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0127%	1h	32.259	−0.061%	$122K	$359K	5x	as long as short
BloFin VVV-USDT	+0.0134%	4h	32.233	−0.143%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0182% / S +0.0171%	1h	32.209	−0.218%	$619K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.004%	$242K	$1.3M	25x	as long as short