Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.023%

Price spread now: BloFin against Kalshi−0.019%61s7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$520.520% of the position

Long on Kalshi Short on BloFin

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)+0.265%+$27 · spread now −0.019%, 7d avg +0.082%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.102% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.082%). If the spread goes back, that is −$10 on $10k: about 2.9 days of funding at the current rate (+$4 a day). The two prices were read 61 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	Kalshi KXVVVPERP	31.473	0	get 0.0000% / 8h	5h 41m	$87K	$5.6M	1.7x
Short	BloFin VVV-USDT	31.467	0.0119	get 0.0059% / 4h	1h 41m	$1.4M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.019%Rate

Funding earned: $24.91
Price spread: −0.019% → +0.082%: −$10.16
Slippage, 4 orders: −$29.97
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$37.22
Costs to cover: 0.520%
Break-even: 17.5 days

Slippage from Kalshi: live order book, 2 min ago; BloFin: live order book, 1 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	1.90 bp	13.3 bp −$13	26.3 bp −$263	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.32 bp	10.7 bp −$11	25.0 bp −$250	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.533	+0.190%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.439	−0.108%	$386K	$649K	5x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.473	long leg	$87K	$5.6M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.450	−0.072%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.442	−0.098%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	31.454	−0.060%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.280%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.439	−0.108%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.464	−0.029%	$462K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.459	−0.045%	$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	31.462	−0.037%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.550	+0.246%	$70.9M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.516	+0.137%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.470	−0.010%	$186K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.520	+0.150%	$34.0M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.511	+0.121%	$38.7M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.516	+0.137%	$4.9M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.509	+0.114%	$11.2M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.521	+0.153%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.512	+0.124%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.521	+0.153%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.522	+0.156%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.270	−0.645%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.444	−0.092%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.445	−0.088%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.451	−0.070%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.515	+0.132%	$301K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.455	−0.056%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.370	−0.329%	$78K	$333K	10x	as long as short
BloFin VVV-USDTshort	+0.0119%	4h	31.467	−0.019%	$1.4M	$1.5M	25x
Phoenix VVV	+0.0307%	1h	31.402	−0.226%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0201%	1h	31.441	−0.100%	$503K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0506%	1h	31.539	+0.210%	$150K	$264K	5x	as long as short