Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0277%/8h= −30.4% APRpaid last 24h +0.065%

Price spread now: RISEx against Kalshi+0.012%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Kalshi Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.286%+$29 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.012%, 7d avg −0.017%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.028% dearer against Kalshi than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.017%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 4 days funding on this pair paid +0.286%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	30.814	0.0125	pay 0.0125% / 8h	1h 48m	$106K	$6.2M	1.7x
Short	RISEx VVV/USDC	30.818	−0.0152	pay 0.0019% / 1h	48m 51s	$378K	$648K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$58.27
Price spread: +0.012% → −0.017%: $2.81
Slippage, 4 orders: −$23.1
Fee Kalshi: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$94.56
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; RISEx: live order book, 15 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, 5 min ago	6.43 bp	12.3 bp −$12	19.8 bp −$198	doesn't fit	doesn't fit
Sell RISEx live order book, 15 min ago	1.85 bp	4.9 bp −$5	20.8 bp −$208	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/USDCshort	−0.0152%	1h	30.818	+0.012%	$378K	$648K	5x
Polymarket Perps VVV-USD	−0.0105%	1h	30.819	+0.016%	$133K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0088%	4h	30.762	−0.169%	$10.3M	$6.1M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.825	+0.037%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.824	+0.031%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	30.830	+0.052%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.510%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	30.811	−0.010%	$2.1M	$5.3M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.805	−0.029%	$456K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.770	−0.143%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	30.800	−0.044%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.817	+0.010%	$70.8M	$53.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.804	−0.031%	$249K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.789	−0.080%	$184K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.786	−0.091%	$32.8M	$146.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.778	−0.116%	$38.0M	$50.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.765	−0.159%	$4.7M	$38.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.788	−0.084%	$6.2M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.782	−0.104%	$1.9M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.785	−0.094%	$5.6M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.771	−0.140%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.910	+0.311%	$2.0M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.820	+0.021%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.851	+0.120%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.784	−0.097%	$291K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.814	0.000%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	31.099	+0.925%	$77K	$334K	10x	as long as short
Kalshi KXVVVPERPlong	+0.0125%	8h	30.814	long leg	$106K	$6.2M	1.7x
Phoenix VVV	+0.0153%	1h	30.965	+0.490%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	30.692	−0.398%	$137K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0171%	1h	30.837	+0.076%	$111K	$313K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	30.823	+0.029%	$556K	—	100x	as long as short