Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.013%

Price spread now: Binance against Kalshi+0.025%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.123%+$12 · spread now +0.025%, 7d avg +0.033%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.371	0.0134	pay 0.0134% / 8h	6h 01m	$100K	$5.5M	1.7x
Short	Binance VVVUSDT	31.379	0.0100	get 0.0050% / 4h	2h 01m	$33.9M	$121.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.025%Rate

Funding earned: −$7.13
Price spread: +0.025% → +0.033%: −$0.8
Slippage, 4 orders: −$42.83
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.76
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Binance: live order book, 11 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, 2 min ago	8.61 bp	18.9 bp −$19	30.1 bp −$301	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.16 bp	12.3 bp −$12	38.3 bp −$383	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	31.299	−0.230%	$390K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.403	+0.103%	$191K	$1.3M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.327	−0.141%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.331	−0.127%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.619%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.359	−0.040%	$2.0M	$4.8M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.385	+0.045%	$460K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.358	−0.041%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.332	−0.123%	$162K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.408	+0.118%	$70.6M	$48.0M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.345	−0.082%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.382	+0.034%	$185K	$128K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	31.379	+0.025%	$33.9M	$121.5M	25x
Bybit VVVUSDT	+0.0100%	4h	31.354	−0.054%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.367	−0.013%	$4.9M	$31.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.351	−0.064%	$11.1M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.385	+0.045%	$6.7M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.354	−0.054%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.360	−0.035%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.366	−0.016%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.292	−0.252%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.330	−0.131%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.310	−0.195%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.326	−0.143%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.353	−0.058%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.335	−0.113%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.298	−0.232%	$78K	$333K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.310	−0.194%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERPlong	+0.0134%	8h	31.371	long leg	$100K	$5.5M	1.7x
BloFin VVV-USDT	+0.0139%	4h	31.381	+0.032%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0209%	1h	31.312	−0.188%	$33K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0198%	1h	31.336	−0.113%	$501K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0440%	1h	31.396	+0.079%	$152K	$263K	5x	as long as short