Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h −0.006%

Price spread now: Aster against Kalshi−0.029%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$600.605% of the position

Long on Kalshi Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.051%+$5 on $10k

Price spread, last 7 days+0.205%+$20 · spread now −0.029%, 7d avg +0.053%

Together, before fees+0.256%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.082% cheaper against Kalshi than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.051%, 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	Kalshi KXVVVPERP	31.133	0.0170	pay 0.0170% / 8h	1h 05m	$99K	$5.8M	1.7x
Short	Aster VVVUSDT	31.124	0.0100	get 0.0050% / 4h	1h 05m	$250K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kalshi. 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 KalshibpFee AsterbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$14.62
Price spread: −0.029% → +0.053%: −$8.18
Slippage, 4 orders: −$42.46
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$83.25
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; Aster: 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 Kalshi live order book, 3 min ago	6.27 bp	15.8 bp −$16	23.9 bp −$239	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.73 bp	18.4 bp −$18	71.2 bp −$712	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	−0.0152%	1h	31.045	−0.284%	$381K	$644K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.113	−0.066%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.119	−0.044%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0012%	4h	31.093	−0.128%	$10.4M	$6.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.419%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0069%	1h	31.104	−0.093%	$127K	$1.2M	3x	as long as short
BloFin VVV-USDT	+0.0088%	4h	31.163	+0.096%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.113	−0.063%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.118	−0.048%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.129	−0.014%	$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	31.118	−0.047%	$143K	$843K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.134	+0.003%	$71.5M	$50.2M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	31.124	−0.029%	$250K	$1.2M	10x
Pacifica VVV	+0.0100%	1h	31.136	+0.010%	$184K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.127	−0.020%	$33.0M	$136.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.121	−0.038%	$38.2M	$44.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.134	+0.003%	$4.7M	$36.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.126	−0.022%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.122	−0.035%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.108	−0.080%	$5.7M	$7.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.103	−0.096%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.093	−0.127%	$2.0M	$233K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.099	−0.108%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.151	+0.058%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.107	−0.084%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.118	−0.048%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.109	−0.078%	$77K	$334K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.058	−0.241%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0153%	1h	31.198	+0.209%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	+1.678%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERPlong	+0.0170%	8h	31.133	long leg	$99K	$5.8M	1.7x
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	31.107	−0.083%	$561K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0324%	1h	31.140	+0.023%	$123K	$282K	5x	as long as short