Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Kalshi−0.001%7-day average −0.038% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.074%−$7 on $10k

Price spread, last 7 days−0.089%−$9 · spread now −0.001%, 7d avg −0.038%

Together, before fees−0.163%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.037% dearer against Kalshi than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.038%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.031	0.0144	pay 0.0144% / 8h	1h 30m	$106K	$6.1M	1.7x
Short	Variational Omni VVV	31.031	0.0100	get 0.0050% / 4h	1h 30m	$2.0M	$241K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kalshi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.001%Rate

Funding earned: −$9.24
Price spread: −0.001% → −0.038%: $3.66
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$15.59
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 3 min ago	6.27 bp	11.3 bp −$11	21.8 bp −$218	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.88 bp	doesn't fit	43.1 bp −$431	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	−0.0152%	1h	31.009	−0.069%	$381K	$641K	5x	as long as short
Gate VVV_USDT	−0.0098%	4h	31.019	−0.039%	$10.4M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.030	−0.004%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.044	+0.042%	$23K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0020%	1h	31.034	+0.010%	$134K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.039	+0.026%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.765%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.030	−0.004%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.022	−0.029%	$458K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.027	−0.013%	$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	31.047	+0.053%	$132K	$846K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.049	+0.058%	$71.2M	$51.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.029	−0.005%	$250K	$1.5M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.047	+0.052%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.043	+0.040%	$33.0M	$143.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.037	+0.019%	$38.2M	$47.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.036	+0.016%	$4.7M	$37.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.047	+0.052%	$6.3M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.053	+0.071%	$1.9M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.038	+0.023%	$5.7M	$8.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.043	+0.039%	—	$5.3M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.031	−0.001%	$2.0M	$241K	—
Derive VVV-PERP	+0.0100%	1h	31.035	+0.012%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.029	−0.006%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.030	−0.004%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.024	−0.022%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.052	+0.069%	$77K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0129%	4h	31.038	+0.023%	$1.3M	$1.7M	25x	as long as short
Kalshi KXVVVPERPlong	+0.0144%	8h	31.031	long leg	$106K	$6.1M	1.7x
Phoenix VVV	+0.0153%	1h	31.051	+0.064%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.105	+0.239%	$139K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.031	0.000%	$559K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0194%	1h	31.056	+0.082%	$113K	$303K	5x	as long as short