Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0224%/8h= −24.6% APRpaid last 24h −0.010%

Price spread now: Polymarket Perps against KuCoin−0.186%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$970.969% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.186%, 7d avg −0.021%

Together, before fees−0.115%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Polymarket Perps is 0.165% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	30.605	0.0100	pay 0.0050% / 4h	3h 16m	$1.9M	$2.8M	20x
Short	Polymarket Perps VVV-USD	30.548	−0.0124	pay 0.0016% / 1h	16m 34s	$121K	$1.3M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$47.14
Price spread: −0.186% → −0.021%: −$16.53
Slippage, 4 orders: −$76.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$160.52
Costs to cover: 0.969%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Polymarket Perps: 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 KuCoin live order book, 5 min ago	12.43 bp	40.5 bp −$41	460.9 bp −$4,609	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.60 bp	7.6 bp −$8	8.2 bp −$82	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	−0.0417%	1h	30.557	−0.158%	$375K	$642K	5x	as long as short
Polymarket Perps VVV-USDshort	−0.0124%	1h	30.548	−0.186%	$121K	$1.3M	3x
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.122%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.597	−0.025%	$85K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.606	+0.003%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.237%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.573	−0.105%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0082%	4h	30.608	+0.010%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.579	−0.083%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.586	−0.062%	$446K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.566	−0.129%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.580	−0.080%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.592	−0.042%	$68.9M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.609	+0.014%	$243K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.598	−0.023%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.585	−0.067%	$32.9M	$125.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.559	−0.150%	$38.0M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.582	−0.075%	$4.8M	$31.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.580	−0.082%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.597	−0.026%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	30.605	long leg	$1.9M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	30.587	−0.059%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.590	−0.049%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.628	+0.076%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.598	−0.021%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.613	+0.026%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	30.632	+0.088%	$76K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.576	−0.095%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.607	+0.007%	$6K	—	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.657	+0.170%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0206%	8h	30.635	+0.098%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0287%	1h	30.627	+0.073%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.602	−0.009%	$534K	—	100x	as long as short