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 Variational Omni+0.178%7-day average +0.031% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.083%+$8 on $10k

Price spread, last 7 days−0.209%−$21 · spread now +0.178%, 7d avg +0.031%

Together, before fees−0.126%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.147% dearer against Variational Omni than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of +0.031%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days. Mind the row above: over the last 4 days funding on this pair paid +0.083%, 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	Variational Omni VVV	31.505	0.0100	pay 0.0050% / 4h	1h 23m	$2.0M	$352K	—
Short	Kalshi KXVVVPERP	31.561	0	get 0.0000% / 8h	5h 23m	$88K	$5.5M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Variational Omni. 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 Variational OmnibpFee KalshibpOrdersPrice spread, now +0.178%Rate

Funding earned: −$21
Price spread: +0.178% → +0.031%: $14.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$16.28
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Kalshi: live order book, 5 min ago. Net counts fees only.

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 Variational Omni RFQ quote, just now	8.05 bp	doesn't fit	21.5 bp −$215	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	5.08 bp	17.8 bp −$18	29.3 bp −$293	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.602	+0.307%	$187K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.533	+0.089%	$387K	$644K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.540	+0.111%	$11K	$2K	3x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.561	+0.178%	$88K	$5.5M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.541	+0.116%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.543	+0.122%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.174%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0067%	4h	31.562	+0.181%	$1.4M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.526	+0.065%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.533	+0.089%	$464K	$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	31.552	+0.149%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.547	+0.133%	$133K	$913K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.565	+0.191%	$70.9M	$46.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.547	+0.135%	$250K	$950K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.569	+0.205%	$186K	$127K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.531	+0.083%	$34.0M	$119.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.520	+0.048%	$38.7M	$41.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.530	+0.079%	$4.9M	$30.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.524	+0.060%	$11.3M	$5.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.546	+0.130%	$6.8M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.544	+0.124%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.531	+0.083%	$5.8M	$7.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.537	+0.102%	—	$4.8M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	31.505	long leg	$2.0M	$352K	—
Polymarket Perps VVV-USD	+0.0100%	1h	31.540	+0.111%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.358	−0.467%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.538	+0.105%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	31.544	+0.125%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.541	+0.114%	$301K	$1.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.566	+0.192%	$6K	—	3x	as long as short
Phoenix VVV	+0.0307%	1h	31.520	+0.048%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0431% / S −0.0203%	1h	31.541	+0.114%	$505K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0458%	1h	31.563	+0.184%	$153K	$266K	5x	as long as short