Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.069%

Price spread now: Kalshi against 01 Exchange+0.070%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kalshi is 0.070% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange VVVUSD	31.590	0.0160	pay 0.0020% / 1h	51m 41s	$11K	$2K	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 01 Exchange. 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 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.070%Rate

Funding earned: −$33.6
Price spread: +0.070% → 0.000%: $6.96
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$43.64
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Kalshi: live order book, 2 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 01 Exchange no order-book sample	—	—	—	—	—
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

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.107%	$387K	$654K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.538	−0.163%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	31.612	+0.070%	$92K	$5.4M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.579	−0.034%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.587	−0.011%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.894%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.593	+0.010%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.592	+0.006%	$465K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.563	−0.086%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.596	+0.017%	$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	+0.130%	$70.8M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.625	+0.111%	$250K	$750K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.609	+0.060%	$187K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.609	+0.060%	$33.8M	$116.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.592	+0.006%	$38.6M	$40.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.585	−0.016%	$4.9M	$29.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.571	−0.060%	$11.5M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.605	+0.047%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.588	−0.006%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.593	+0.009%	$5.8M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.598	+0.025%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.434	−0.495%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.570	−0.063%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.565	−0.078%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.602	+0.038%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.596	+0.019%	$304K	$1.4M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.588	−0.006%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.457	−0.419%	$78K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0114%	4h	31.634	+0.139%	$1.4M	$1.5M	25x	as long as short
01 Exchange VVVUSDlong	+0.0160%	1h	31.590	long leg	$11K	$2K	3x
Phoenix VVV	+0.0203%	1h	31.649	+0.187%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0437% / S −0.0208%	1h	31.577	−0.042%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0513%	1h	31.615	+0.079%	$153K	$272K	5x	as long as short