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 +0.009%

Price spread now: Kalshi against OKX+0.035%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on OKX 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−0.223%−$22 · spread now +0.035%, 7d avg +0.007%

Together, before fees−0.195%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.028% dearer against OKX than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of +0.007%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	31.498	0.0100	pay 0.0050% / 4h	9m 52s	$4.8M	$28.0M	20x
Short	Kalshi KXVVVPERP	31.509	0	get 0.0000% / 8h	4h 09m	$94K	$5.3M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against OKX. 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 OKXbpFee KalshibpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21
Price spread: +0.035% → +0.007%: $2.84
Slippage, 4 orders: −$39.92
Fee OKX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$78.08
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago	1.59 bp	15.4 bp −$15	88.0 bp −$880	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	6.50 bp	17.4 bp −$17	27.5 bp −$275	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	31.460	−0.121%	$391K	$669K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.499	+0.004%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.509	+0.035%	$94K	$5.3M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.520	+0.071%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.513	+0.048%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.197%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0062%	4h	31.475	−0.073%	$11.7M	$5.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.510	+0.038%	$1.9M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.513	+0.048%	$464K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.475	−0.072%	$3K	$73	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	31.494	−0.011%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.544	+0.146%	$70.5M	$44.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.513	+0.048%	$249K	$618K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.495	−0.011%	$185K	$122K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.513	+0.048%	$33.6M	$112.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.484	−0.044%	$38.4M	$39.7M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	31.498	long leg	$4.8M	$28.0M	20x
MEXC VVV_USDT	+0.0100%	4h	31.512	+0.044%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.480	−0.057%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.492	−0.019%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.504	+0.019%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.433	−0.208%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.480	−0.057%	$122K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.516	+0.056%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.538	+0.127%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.502	+0.014%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.506	+0.026%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0115%	4h	31.489	−0.029%	$1.3M	$1.4M	25x	as long as short
edgeX VVVUSDC	+0.0115%	4h	31.458	−0.128%	$78K	$332K	10x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	31.495	−0.010%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.519	+0.067%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0214%	1h	31.525	+0.087%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0466%	1h	31.556	+0.183%	$160K	$272K	5x	as long as short