Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.009%

Price spread now: Coinbase International against Kalshi+0.190%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on Kalshi Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.521%−$52 · spread now +0.190%, 7d avg +0.067%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.124% dearer against Kalshi than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of +0.067%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.473	0	get 0.0000% / 8h	5h 42m	$87K	$5.6M	1.7x
Short	Coinbase International VVV-PERP-INTX	31.533	−0.0088	pay 0.0011% / 1h	42m 05s	$189K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$18.48
Price spread: +0.190% → +0.067%: $12.36
Slippage, 4 orders: −$62.89
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$89.01
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Coinbase International: 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	1.90 bp	13.3 bp −$13	26.3 bp −$263	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	17.06 bp	34.6 bp −$35	47.4 bp −$474	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
Coinbase International VVV-PERP-INTXshort	−0.0088%	1h	31.533	+0.190%	$189K	$1.3M	25x
RISEx VVV/USDC	−0.0085%	1h	31.439	−0.108%	$386K	$649K	5x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.473	long leg	$87K	$5.6M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.450	−0.072%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.442	−0.098%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	31.454	−0.060%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.280%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.439	−0.108%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.464	−0.029%	$462K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.459	−0.045%	$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	31.462	−0.037%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.525	+0.165%	$70.9M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.511	+0.120%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.470	−0.010%	$186K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.507	+0.109%	$34.0M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.502	+0.092%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.501	+0.089%	$4.9M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.457	−0.051%	$11.2M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.485	+0.038%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.462	−0.035%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.501	+0.089%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.502	+0.092%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.270	−0.645%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.444	−0.092%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.445	−0.088%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.451	−0.070%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.515	+0.132%	$301K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.455	−0.056%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.370	−0.329%	$78K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0119%	4h	31.467	−0.019%	$1.4M	$1.5M	25x	as long as short
Phoenix VVV	+0.0307%	1h	31.402	−0.226%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0201%	1h	31.441	−0.100%	$503K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0506%	1h	31.539	+0.210%	$150K	$264K	5x	as long as short