Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.009%

Price spread now: Derive against Kalshi−0.049%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 Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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 −$1 a day on $10k at the current rate, and Derive is 0.049% cheaper against Kalshi than usual: you would sell low and buy high (−$5 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	31.285	0.0141	pay 0.0141% / 8h	6h 04m	$93K	$5.5M	1.7x
Short	Derive VVV-PERP	31.270	0.0100	get 0.0013% / 1h	4m 40s	$3K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.049%Rate

Funding earned: −$8.56
Price spread: −0.049% → 0.000%: −$4.85
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$29.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 4 min ago; Derive: 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, 4 min ago	5.77 bp	11.3 bp −$11	21.8 bp −$218	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.0329%	1h	31.203	−0.262%	$390K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.362	+0.246%	$188K	$1.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.271	−0.045%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.293	+0.026%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.907%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.232	−0.170%	$2.0M	$4.8M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.260	−0.080%	$458K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.249	−0.114%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.221	−0.203%	$162K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.319	+0.108%	$70.4M	$47.9M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.277	−0.027%	$248K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.278	−0.024%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.232	−0.169%	$33.7M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.198	−0.278%	$38.5M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.264	−0.067%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.263	−0.070%	$11.0M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.298	+0.042%	$6.6M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.312	+0.086%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.241	−0.141%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.268	−0.054%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.292	+0.022%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.275	−0.032%	$117K	$1.4M	3x	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.270	−0.049%	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	31.271	−0.045%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.261	−0.078%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.284	−0.002%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.307	+0.071%	$78K	$332K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.211	−0.237%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERPlong	+0.0141%	8h	31.285	long leg	$93K	$5.5M	1.7x
BloFin VVV-USDT	+0.0155%	4h	31.302	+0.054%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	31.312	+0.086%	$33K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0424% / S −0.0198%	1h	31.280	−0.017%	$500K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0430%	1h	31.313	+0.090%	$152K	$263K	5x	as long as short