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: Kalshi against MEXC−0.025%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on MEXC Short on Kalshi

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−0.175%−$17 · spread now −0.025%, 7d avg −0.026%

Together, before fees−0.205%−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	32.213	0.0100	pay 0.0050% / 4h	44m 05s	$7.8M	$4.3M	50x
Short	Kalshi KXVVVPERP	32.205	0	get 0.0000% / 8h	44m 05s	$134K	$5.2M	1.6x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against MEXC. 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 MEXCbpFee KalshibpOrdersPrice spread, now −0.025%Rate

Funding earned: −$21
Price spread: −0.025% → −0.026%: $0.07
Slippage, 4 orders: −$39.73
Fee MEXC: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$70.66
Costs to cover: 0.497%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Kalshi: 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 MEXC live order book, 2 min ago	1.09 bp	4.0 bp −$4	63.5 bp −$635	239.2 bp −$23.9K	doesn't fit
Sell Kalshi live order book, 3 min ago	3.88 bp	15.4 bp −$15	27.7 bp −$277	doesn't fit	doesn't fit

VVV on 33 exchanges

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	−0.0347%	1h	32.170	−0.133%	$365K	$744K	5x	as long as short
Gate VVV_USDT	−0.0116%	4h	32.168	−0.140%	$13.0M	$5.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	−0.0112%	1h	32.361	+0.459%	$178K	$1.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0001%	1h	32.212	−0.003%	$85K	$19K	10x	as long as short
01 Exchange VVVUSD	0.0000%	1h	32.207	−0.019%	$12K	$2K	3x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	32.205	−0.025%	$134K	$5.2M	1.6x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.221	+0.025%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.884%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0036%	1h	32.200	−0.040%	$53K	$1.4M	3x	as long as short
BloFin VVV-USDT	+0.0089%	4h	32.140	−0.227%	$1.3M	$1.5M	25x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	32.190	−0.072%	$1.9M	$3.8M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.196	−0.053%	$491K	$1.5M	5x	as long as short
Phoenix VVV	+0.0099%	1h	32.095	−0.366%	$33K	$182K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.187	−0.079%	$159K	$877K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.228	+0.047%	$75.4M	$43.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.205	−0.026%	$256K	$466K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.206	−0.022%	$197K	$116K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.200	−0.040%	$33.4M	$93.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.182	−0.096%	$37.9M	$37.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.181	−0.099%	$4.7M	$23.1M	20x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	32.213	long leg	$7.8M	$4.3M	50x
KuCoin VVVUSDTM	+0.0100%	4h	32.183	−0.093%	$1.7M	$2.4M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.202	−0.034%	$5.9M	$5.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.216	+0.009%	—	$3.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.167	−0.143%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.222	+0.028%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.203	−0.031%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.180	−0.104%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.198	−0.047%	$301K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.191	−0.069%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.133	−0.248%	$80K	$320K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0292%	1h	32.234	+0.065%	$177K	$254K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.216	+0.009%	$518K	—	100x	as long as short