Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0071%/8h= +7.7% APRpaid last 24h +0.029%

Price spread now: BloFin against Kalshi+0.272%61s7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.546% of the position

Long on Kalshi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.272%, 7d avg +0.109%

Together, before fees+0.156%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.162% dearer against Kalshi than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.109%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.631	0	get 0.0000% / 8h	2h 57m	$112K	$6.4M	1.7x
Short	BloFin VVV-USDT	31.717	0.0071	get 0.0035% / 4h	2h 57m	$1.3M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.272%Rate

Funding earned: $14.83
Price spread: +0.272% → +0.109%: $16.25
Slippage, 4 orders: −$32.56
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.49
Costs to cover: 0.546%
Break-even: 18.1 days

Slippage from Kalshi: live order book, 1 min ago; BloFin: 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 Kalshi live order book, 1 min ago	6.79 bp	13.7 bp −$14	22.5 bp −$225	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.31 bp	14.2 bp −$14	32.8 bp −$328	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
Bybit VVVUSDT	−0.0245%	4h	31.670	+0.124%	$38.6M	$51.6M	20x	as long as short
Gate VVV_USDT	−0.0186%	4h	31.642	+0.035%	$10.6M	$7.0M	25x	as long as short
Polymarket Perps VVV-USD	−0.0160%	1h	31.656	+0.079%	$156K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.500	−0.416%	$387K	$611K	5x	as long as short
Lighter VVV	−0.0080%	1h	31.632	+0.003%	$2.2M	$5.6M	5x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.631	long leg	$112K	$6.4M	1.7x
Phoenix VVV	0.0000%	1h	31.881	+0.790%	$56K	$282K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.693	+0.197%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.679	+0.152%	$790	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.759%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange VVVUSD	+0.0056%	1h	31.612	−0.060%	$11K	$3K	3x	as long as short
BloFin VVV-USDTshort	+0.0071%	4h	31.717	+0.272%	$1.3M	$1.8M	25x
Lighter RH VVV	+0.0096%	1h	31.630	−0.003%	$468K	$1.5M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.668	+0.117%	$124K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.659	+0.089%	$73.3M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.679	+0.152%	$258K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.694	+0.199%	$189K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.664	+0.105%	$33.3M	$153.4M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.686	+0.174%	$4.6M	$40.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.676	+0.142%	$6.4M	$6.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.643	+0.038%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.681	+0.158%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.702	+0.224%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.867	+0.747%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.673	+0.133%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.708	+0.243%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.666	+0.110%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.673	+0.132%	$299K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.698	+0.210%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.943	+0.987%	$79K	$335K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0125%	1h	31.741	+0.347%	$122K	$328K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.682	+0.162%	$572K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.695	+0.204%	$243K	$1.2M	25x	as long as short