Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h +0.013%

Price spread now: MEXC against Kalshi+0.068%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Kalshi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.075%+$7 · spread now +0.068%, 7d avg +0.030%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.038% dearer against Kalshi than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.030%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	30.809	0.0190	pay 0.0190% / 8h	6h 24m	$94K	$5.4M	1.7x
Short	MEXC VVV_USDT	30.830	0.0100	get 0.0050% / 4h	2h 24m	$6.4M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$18.93
Price spread: +0.068% → +0.030%: $3.79
Slippage, 4 orders: −$29.25
Fee Kalshi: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$54.39
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; MEXC: live order book, 3 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, 4 min ago	8.31 bp	17.6 bp −$18	24.0 bp −$240	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.16 bp	4.6 bp −$5	60.6 bp −$606	241.8 bp −$24.2K	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	30.831	+0.071%	$383K	$646K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.582%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.811	+0.005%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.527%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.863	+0.175%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0095%	1h	30.820	+0.036%	$119K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.805	−0.012%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.817	+0.026%	$449K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.811	+0.008%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.858	+0.161%	$134K	$870K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	30.815	+0.019%	$69.4M	$47.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.837	+0.091%	$245K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.816	+0.021%	$182K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.826	+0.055%	$33.2M	$121.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.803	−0.020%	$38.1M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.800	−0.029%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.824	+0.049%	$10.8M	$5.6M	25x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	30.830	+0.068%	$6.4M	$5.7M	50x
KuCoin VVVUSDTM	+0.0100%	4h	30.823	+0.045%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.854	+0.146%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.820	+0.036%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.729	−0.260%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.809	+0.001%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.827	+0.058%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.723	−0.280%	$76K	$331K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.826	+0.055%	$295K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.820	+0.037%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0140%	4h	30.810	+0.003%	$1.3M	$1.5M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0159%	1h	30.822	+0.041%	$86K	$22K	10x	as long as short
Kalshi KXVVVPERPlong	+0.0190%	8h	30.809	long leg	$94K	$5.4M	1.7x
Phoenix VVV	+0.0209%	1h	30.754	−0.179%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0395%	1h	30.856	+0.153%	$116K	$238K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0420% / S −0.0196%	1h	30.804	−0.018%	$493K	—	100x	as long as short