Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.001%

Price spread now: Kalshi against edgeX+0.227%79s7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1171.171% of the position

Long on edgeX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.227%, 7d avg −0.089%

Together, before fees−0.211%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.315% dearer against edgeX than usual: you sell high and buy low (spread +0.227% now, against its 7-day average of −0.089%): +$32 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 7 days (−0.052% in total) that is about 42 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	32.228	0.0112	pay 0.0056% / 4h	1h 04m	$80K	$320K	10x
Short	Kalshi KXVVVPERP	32.301	0	get 0.0000% / 8h	1h 04m	$140K	$5.3M	1.6x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 edgeXbpFee KalshibpOrdersPrice spread, now +0.227%Rate

Funding earned: −$23.55
Price spread: +0.227% → −0.089%: $31.52
Slippage, 4 orders: −$98.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$109.15
Costs to cover: 1.171%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; Kalshi: live order book, 3 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 edgeX live order book, 42 min ago	0.94 bp	62.7 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	7.74 bp	15.1 bp −$15	21.4 bp −$214	doesn't fit	doesn't fit

VVV on 33 exchanges

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	−0.0142%	1h	32.245	+0.052%	$365K	$743K	5x	as long as short
Gate VVV_USDT	−0.0090%	4h	32.289	+0.189%	$13.0M	$5.1M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0020%	1h	32.250	+0.069%	$86K	$19K	10x	as long as short
Kalshi KXVVVPERPshort	0.0000%	8h	32.301	+0.227%	$140K	$5.3M	1.6x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.261	+0.102%	$19K	—	150x	as long as short
Coinbase International VVV-PERP-INTX	+0.0024%	1h	32.127	−0.312%	$168K	$1.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.837%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0048%	1h	32.256	+0.087%	$69K	$1.4M	3x	as long as short
BloFin VVV-USDT	+0.0071%	4h	32.292	+0.199%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.274	+0.143%	$2.0M	$3.8M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	32.286	+0.180%	$487K	$1.4M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.255	+0.085%	$163K	$910K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.333	+0.326%	$75.4M	$43.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.270	+0.131%	$257K	$505K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.317	+0.277%	$199K	$119K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.275	+0.147%	$33.5M	$97.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.276	+0.149%	$38.0M	$37.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.293	+0.202%	$4.7M	$23.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.277	+0.152%	$7.9M	$4.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.234	+0.019%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.275	+0.146%	$5.9M	$5.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.300	+0.224%	—	$4.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.245	+0.053%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.121	−0.332%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.258	+0.093%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.273	+0.139%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.256	+0.087%	$303K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.255	+0.082%	$6K	—	3x	as long as short
edgeX VVVUSDClong	+0.0112%	4h	32.228	long leg	$80K	$320K	10x
01 Exchange VVVUSD	+0.0144%	1h	32.277	+0.152%	$12K	$2K	3x	as long as short
Phoenix VVV	+0.0198%	1h	32.259	+0.096%	$33K	$192K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0353%	1h	32.321	+0.288%	$179K	$256K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.255	+0.085%	$519K	—	100x	as long as short