Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.021%

Price spread now: Polymarket Perps against Kalshi−0.168%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Kalshi Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 7 days+0.256%+$26 · spread now −0.168%, 7d avg −0.025%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.143% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.025%). If the spread goes back, that is −$14 on $10k: about 4.8 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.138%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.599	0	get 0.0000% / 8h	4h 50m	$99K	$5.4M	1.7x
Short	Polymarket Perps VVV-USD	31.546	0.0100	get 0.0013% / 1h	50m 08s	$122K	$1.4M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.168%Rate

Funding earned: $21
Price spread: −0.168% → −0.025%: −$14.29
Slippage, 4 orders: −$18.94
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.23
Costs to cover: 0.369%
Break-even: 17.1 days

Slippage from Kalshi: live order book, 4 min ago; Polymarket Perps: live order book, 3 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, 4 min ago	4.74 bp	9.7 bp −$10	20.8 bp −$208	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	3.16 bp	7.2 bp −$7	7.7 bp −$77	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
RISEx VVV/USDC	−0.0337%	1h	31.547	−0.163%	$387K	$654K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.538	−0.192%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.599	long leg	$99K	$5.4M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.584	−0.048%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.575	−0.075%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.864%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.595	−0.013%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.596	−0.009%	$465K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.585	−0.043%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.559	−0.125%	$145K	$930K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.627	+0.089%	$70.8M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.623	+0.078%	$250K	$746K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.611	+0.037%	$187K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.601	+0.006%	$33.8M	$116.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.580	−0.060%	$38.6M	$40.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.598	−0.003%	$4.9M	$29.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.574	−0.079%	$11.5M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.607	+0.025%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.591	−0.025%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.573	−0.082%	$5.8M	$6.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.600	+0.003%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.581	−0.056%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USDshort	+0.0100%	1h	31.546	−0.168%	$122K	$1.4M	3x
Derive VVV-PERP	+0.0100%	1h	31.580	−0.060%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.594	−0.016%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.574	−0.079%	$302K	$1.4M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.603	+0.013%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	31.622	+0.074%	$79K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0120%	4h	31.622	+0.073%	$1.4M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	31.568	−0.098%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.649	+0.158%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0437% / S −0.0209%	1h	31.567	−0.101%	$507K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0488%	1h	31.631	+0.101%	$156K	$274K	5x	as long as short