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 +0.009%

Price spread now: Kalshi against KuCoin+0.096%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1291.290% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.256%−$26 · spread now +0.096%, 7d avg +0.015%

Together, before fees−0.228%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.081% dearer against KuCoin than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.015%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.313	0.0100	pay 0.0050% / 4h	3h 34m	$1.7M	$2.7M	20x
Short	Kalshi KXVVVPERP	31.343	0	get 0.0000% / 8h	3h 34m	$91K	$5.3M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now +0.096%Rate

Funding earned: −$21
Price spread: +0.096% → +0.015%: $8.09
Slippage, 4 orders: −$106.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$141.89
Costs to cover: 1.290%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Kalshi: live order book, 4 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 KuCoin live order book, 2 min ago	11.31 bp	52.8 bp −$53	253.4 bp −$2,534	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	5.22 bp	14.6 bp −$15	24.7 bp −$247	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	−0.0349%	1h	31.310	−0.008%	$385K	$686K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0152%	1h	31.305	−0.027%	$87K	$20K	10x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.343	+0.096%	$91K	$5.3M	1.7x
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	+0.069%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.325	+0.040%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.813%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0096%	4h	31.332	+0.061%	$1.3M	$1.4M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.320	+0.023%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.325	+0.038%	$461K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.314	+0.002%	$3K	$29	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.331	+0.056%	$157K	$990K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.356	+0.137%	$69.7M	$42.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.340	+0.087%	$247K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.325	+0.040%	$184K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.332	+0.061%	$33.4M	$106.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.307	−0.019%	$38.1M	$38.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.327	+0.045%	$4.8M	$25.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.303	−0.032%	$11.8M	$4.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.338	+0.080%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.313	long leg	$1.7M	$2.7M	20x
Bitget VVVUSDT	+0.0100%	4h	31.305	−0.026%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.333	+0.064%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.276	−0.117%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.323	+0.032%	$129K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.298	−0.047%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.365	+0.166%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.327	+0.046%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.322	+0.027%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.500	+0.598%	$78K	$329K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.358	+0.144%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0360%	1h	31.325	+0.038%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0218%	1h	31.318	+0.014%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0820%	1h	31.358	+0.143%	$168K	$262K	5x	as long as short