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 +0.021%

Price spread now: Kalshi against Polymarket Perps+0.133%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Polymarket Perps Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 7 days−0.221%−$22 · spread now +0.133%, 7d avg +0.025%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.108% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.025%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.138%, 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	Polymarket Perps VVV-USD	31.570	0.0100	pay 0.0013% / 1h	51m 43s	$122K	$1.4M	3x
Short	Kalshi KXVVVPERP	31.612	0	get 0.0000% / 8h	4h 51m	$92K	$5.4M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Polymarket Perps. 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 Polymarket PerpsbpFee KalshibpOrdersPrice spread, now +0.133%Rate

Funding earned: −$21
Price spread: +0.133% → +0.025%: $10.82
Slippage, 4 orders: −$18.94
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$47.13
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Kalshi: 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 Polymarket Perps live order book, 2 min ago	3.16 bp	8.4 bp −$8	8.6 bp −$86	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	4.74 bp	11.7 bp −$12	21.2 bp −$212	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	31.556	−0.044%	$387K	$654K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.538	−0.100%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.612	+0.133%	$92K	$5.4M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.579	+0.029%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.587	+0.053%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.959%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.593	+0.073%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.592	+0.070%	$465K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.563	−0.023%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.596	+0.081%	$145K	$930K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.631	+0.193%	$70.8M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.625	+0.174%	$250K	$750K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.609	+0.123%	$187K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.609	+0.124%	$33.8M	$116.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.592	+0.070%	$38.6M	$40.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.585	+0.048%	$4.9M	$29.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.571	+0.003%	$11.5M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.605	+0.111%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.588	+0.057%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.593	+0.073%	$5.8M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.598	+0.089%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.434	−0.432%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USDlong	+0.0100%	1h	31.570	long leg	$122K	$1.4M	3x
Derive VVV-PERP	+0.0100%	1h	31.565	−0.015%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.602	+0.101%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.596	+0.083%	$304K	$1.4M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.588	+0.058%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.457	−0.356%	$78K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0114%	4h	31.634	+0.203%	$1.4M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	31.590	+0.063%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.649	+0.250%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0437% / S −0.0208%	1h	31.577	+0.021%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0513%	1h	31.615	+0.142%	$153K	$272K	5x	as long as short