Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.019%

Price spread now: edgeX against Kalshi−0.111%7-day average +0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1061.060% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.111%, 7d avg +0.086%

Together, before fees+0.087%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.197% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of +0.086%). If the spread goes back, that is −$20 on $10k: about 5.8 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.068% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	32.249	0	get 0.0000% / 8h	4h 38m	$113K	$6.9M	1.7x
Short	edgeX VVVUSDC	32.213	0.0113	get 0.0057% / 4h	38m 31s	$80K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.111%Rate

Funding earned: $23.82
Price spread: −0.111% → +0.086%: −$19.66
Slippage, 4 orders: −$86.95
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$101.79
Costs to cover: 1.060%
Break-even: 36.9 days

Slippage from Kalshi: live order book, 5 min ago; edgeX: live order book, 40 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, 5 min ago	7.59 bp	17.8 bp −$18	27.1 bp −$271	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	0.78 bp	43.0 bp −$43	doesn't fit	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
Kalshi KXVVVPERPlong	0.0000%	8h	32.249	long leg	$113K	$6.9M	1.7x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.223	−0.081%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.234	−0.046%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.771%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0036%	1h	32.210	−0.121%	$147K	$1.2M	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.226	−0.070%	$396K	$603K	5x	as long as short
BloFin VVV-USDT	+0.0067%	4h	32.238	−0.034%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	32.226	−0.071%	$12K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	32.254	+0.014%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.220	−0.090%	$479K	$1.6M	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	32.233	−0.048%	$161K	$833K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.261	+0.037%	$74.7M	$55.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.240	−0.027%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.246	−0.010%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.235	−0.043%	$33.8M	$156.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.219	−0.093%	$39.6M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.228	−0.065%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.215	−0.105%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.239	−0.031%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.239	−0.031%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.231	−0.056%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.239	−0.031%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.257	+0.024%	$122K	$358K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.185	−0.197%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.219	−0.093%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.222	−0.084%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.239	−0.030%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.228	−0.065%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.222	−0.085%	$6K	$13K	3x	as long as short
edgeX VVVUSDCshort	+0.0113%	4h	32.213	−0.111%	$80K	$332K	10x
Phoenix VVV	+0.0124%	1h	32.246	−0.009%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0182% / S +0.0171%	1h	32.222	−0.084%	$620K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.089%	$242K	$1.3M	25x	as long as short