Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.1% APRpaid last 24h −0.023%

Price spread now: Kalshi against BloFin+0.003%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now +0.003%, 7d avg −0.083%

Together, before fees−0.458%−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.086% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.083%. Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	30.714	0.0135	pay 0.0067% / 4h	2h 26m	$1.3M	$1.5M	25x
Short	Kalshi KXVVVPERP	30.715	0.0199	get 0.0199% / 8h	6h 26m	$94K	$5.4M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now +0.003%Rate

Funding earned: $13.52
Price spread: +0.003% → −0.083%: $8.63
Slippage, 4 orders: −$34.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$34.43
Costs to cover: 0.566%
Break-even: 24.8 days

Slippage from BloFin: live order book, 6 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 BloFin live order book, 6 min ago	2.60 bp	13.5 bp −$13	24.8 bp −$248	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	8.31 bp	13.3 bp −$13	20.7 bp −$207	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	−0.0329%	1h	30.691	−0.075%	$382K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.274%	$142K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.707	−0.021%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.700	−0.045%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.857%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.705	−0.029%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0083%	1h	30.692	−0.072%	$118K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.699	−0.049%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.707	−0.023%	$446K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.711	−0.009%	$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	30.727	+0.042%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.722	+0.026%	$69.2M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.716	+0.008%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.723	+0.028%	$181K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.717	+0.008%	$33.1M	$121.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.683	−0.101%	$38.0M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.720	+0.020%	$4.8M	$30.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.686	−0.091%	$10.8M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.713	−0.003%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.715	+0.003%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.691	−0.075%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.708	−0.020%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.708	−0.020%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.699	−0.050%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.727	+0.042%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.716	+0.006%	$294K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.715	+0.004%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	30.725	+0.036%	$76K	$331K	10x	as long as short
BloFin VVV-USDTlong	+0.0135%	4h	30.714	long leg	$1.3M	$1.5M	25x
Kalshi KXVVVPERPshort	+0.0199%	8h	30.715	+0.003%	$94K	$5.4M	1.7x
Phoenix VVV	+0.0209%	1h	30.725	+0.036%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0377%	1h	30.727	+0.043%	$115K	$238K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0203%	1h	30.702	−0.039%	$501K	—	100x	as long as short