Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.015%

Price spread now: Extended against Kalshi−0.262%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$710.706% of the position

Long on Kalshi Short on Extended

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)−0.590%−$59 · spread now −0.262%, 7d avg −0.028%

Together, before fees−0.538%+ Points / potential airdropExtended: Active · farm board−$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.234% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.262% now, against its 7-day average of −0.028%). If the spread goes back, that is −$23 on $10k: about 7.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.052% in total) that is about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.959	0	get 0.0000% / 8h	3h 02m	$114K	$6.5M	1.7x
Short	Extended VVV-USD	31.875	0.0104	get 0.0013% / 1h	2m 30s	$304K	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.262%Rate

Funding earned: $21.84
Price spread: −0.262% → −0.028%: −$23.36
Slippage, 4 orders: −$55.58
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$72.1
Costs to cover: 0.706%
Break-even: 30.1 days

Slippage from Kalshi: live order book, 1 min ago; Extended: 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, 1 min ago	8.76 bp	16.0 bp −$16	21.4 bp −$214	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	1.32 bp	20.5 bp −$20	177.3 bp −$1,773	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
Bybit VVVUSDT	−0.0263%	4h	31.891	−0.213%	$38.9M	$51.5M	20x	as long as short
Polymarket Perps VVV-USD	−0.0229%	1h	31.880	−0.247%	$159K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0148%	4h	31.912	−0.147%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.875	−0.264%	$391K	$597K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.894	−0.203%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERPlong	0.0000%	8h	31.959	long leg	$114K	$6.5M	1.7x
Phoenix VVV	0.0000%	1h	31.910	−0.153%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.949	−0.032%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.945	−0.045%	$797	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.694%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.933	−0.080%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.922	−0.116%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.895	−0.202%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.918	−0.128%	$74.1M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.944	−0.046%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.968	+0.028%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.910	−0.153%	$33.5M	$153.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.897	−0.194%	$4.7M	$41.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.956	−0.009%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.927	−0.100%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.911	−0.150%	$5.7M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.908	−0.160%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.964	+0.014%	$123K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.882	−0.242%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.942	−0.055%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.950	−0.028%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.913	−0.144%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0100%	4h	31.926	−0.102%	$79K	$334K	10x	as long as short
Extended VVV-USDshort	+0.0104%	1h	31.875	−0.262%	$304K	$2.0M	5x
Aevo VVV-PERP	+0.0104%	1h	31.940	−0.061%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0145%	4h	31.945	−0.044%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.934	−0.079%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.927	−0.100%	$245K	$1.2M	25x	as long as short