Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.001%

Price spread now: MEXC against Kalshi−0.137%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Kalshi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.306%+$31 · spread now −0.137%, 7d avg +0.025%

Together, before fees+0.336%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.161% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of +0.025%). If the spread goes back, that is −$16 on $10k: about 5.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.030% in total) that is about 38 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.478	0	get 0.0000% / 8h	2h 56m	$100K	$5.3M	1.7x
Short	MEXC VVV_USDT	31.435	0.0100	get 0.0050% / 4h	2h 56m	$7.3M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.137%Rate

Funding earned: $21
Price spread: −0.137% → +0.025%: −$16.14
Slippage, 4 orders: −$38.95
Fee Kalshi: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$44.08
Costs to cover: 0.489%
Break-even: 21.7 days

Slippage from Kalshi: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago	5.25 bp	13.9 bp −$14	24.7 bp −$247	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.32 bp	5.0 bp −$5	52.7 bp −$527	doesn't fit	doesn't fit

VVV on 32 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	−0.0166%	1h	31.425	−0.169%	$384K	$699K	5x	as long as short
Gate VVV_USDT	−0.0156%	4h	31.391	−0.276%	$12.0M	$4.5M	25x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.478	long leg	$100K	$5.3M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.431	−0.148%	$87K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.517	+0.125%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.263%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0040%	1h	31.334	−0.456%	$191K	$1.3M	25x	as long as short
BloFin VVV-USDT	+0.0090%	4h	31.515	+0.118%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.453	−0.080%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.444	−0.108%	$500K	$1.6M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.476	−0.007%	$3K	$50	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.465	−0.043%	$188K	$1.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.420	−0.185%	$247K	$486K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.491	+0.041%	$186K	$117K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.403	−0.240%	$33.2M	$103.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.372	−0.336%	$38.1M	$38.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.383	−0.302%	$4.7M	$24.8M	20x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	31.435	−0.137%	$7.3M	$4.4M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.421	−0.181%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.417	−0.194%	$5.7M	$6.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.433	−0.143%	—	$4.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.540	+0.197%	$2.0M	$346K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.453	−0.079%	$130K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.479	+0.003%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.428	−0.159%	$294K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.378	−0.319%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	31.472	−0.017%	$78K	$322K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.574	+0.305%	$33K	$186K	5x	as long as short
01 Exchange VVVUSD	+0.0264%	1h	31.461	−0.054%	$11K	$2K	3x	as long as short
Hyperliquid VVV	+0.0355%	1h	31.451	−0.086%	$70.0M	$43.3M	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0219%	1h	31.439	−0.123%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0582%	1h	31.452	−0.082%	$167K	$268K	5x	as long as short