Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.021%

Price spread now: Deribit against Kalshi−0.193%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.193% cheaper against Kalshi than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	30.651	0.0169	pay 0.0169% / 8h	7h 18m	$97K	$5.5M	1.7x
Short	Deribit VVV_USDC-PERPETUAL	30.592	0	get 0.0000% / 1h	18m 10s	$85K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.193%Rate

Funding earned: −$35.46
Price spread: −0.193% → 0.000%: −$19.35
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$71.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 6 min ago; Deribit: no order-book sample. Net counts fees only.

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, 6 min ago	4.43 bp	14.3 bp −$14	21.5 bp −$215	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
RISEx VVV/USDC	−0.0417%	1h	30.555	−0.313%	$375K	$641K	5x	as long as short
Polymarket Perps VVV-USD	−0.0128%	1h	30.554	−0.316%	$128K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.294	−1.166%	$145K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	30.592	−0.193%	$85K	$23K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.589	−0.202%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.076%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0055%	4h	30.576	−0.245%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.573	−0.254%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.599	−0.170%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.638	−0.042%	$447K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.561	−0.295%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.582	−0.223%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.616	−0.114%	$69.0M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.595	−0.181%	$243K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.586	−0.211%	$180K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.616	−0.114%	$33.0M	$125.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.602	−0.159%	$38.1M	$42.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.595	−0.183%	$4.8M	$31.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.594	−0.186%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.619	−0.104%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.593	−0.189%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.602	−0.160%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.606	−0.147%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.628	−0.075%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.583	−0.222%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.612	−0.127%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	30.632	−0.062%	$76K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.592	−0.194%	$297K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.591	−0.196%	$6K	—	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.657	+0.020%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERPlong	+0.0169%	8h	30.651	long leg	$97K	$5.5M	1.7x
Backpack VVV_USDC_PERP	+0.0283%	1h	30.638	−0.042%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0176%	1h	30.586	−0.212%	$533K	—	100x	as long as short