Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.099%

Price spread now: 01 Exchange against Kalshi−0.077%7-day average — · you buy dearer than you sell

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

Long on Kalshi Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and 01 Exchange is 0.077% cheaper against Kalshi than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	31.054	0.0169	pay 0.0169% / 8h	1h 02m	$99K	$5.7M	1.7x
Short	01 Exchange VVVUSD	31.030	0.0120	get 0.0015% / 1h	2m 49s	$11K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.077%Rate

Funding earned: −$10.32
Price spread: −0.077% → 0.000%: −$7.73
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$35.05
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 1 min ago; 01 Exchange: no order-book sample. 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, 1 min ago	9.33 bp	16.6 bp −$17	21.1 bp −$211	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	31.020	−0.111%	$381K	$645K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.055	+0.003%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.038	−0.052%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0008%	4h	31.031	−0.074%	$10.4M	$6.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.687%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0056%	1h	31.045	−0.029%	$127K	$1.2M	3x	as long as short
Lighter VVV	+0.0096%	1h	31.056	+0.008%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.050	−0.013%	$459K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.072	+0.059%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.063	+0.029%	$143K	$844K	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	31.078	+0.077%	$71.3M	$50.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.051	−0.009%	$250K	$1.2M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.065	+0.037%	$183K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.063	+0.028%	$32.9M	$135.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.062	+0.026%	$38.1M	$44.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.072	+0.058%	$4.7M	$35.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.066	+0.039%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.048	−0.019%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.037	−0.055%	$5.7M	$7.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.052	−0.006%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.093	+0.127%	$2.0M	$233K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.040	−0.044%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.064	+0.032%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.038	−0.052%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.019	−0.113%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.115	+0.195%	$77K	$334K	10x	as long as short
01 Exchange VVVUSDshort	+0.0120%	1h	31.030	−0.077%	$11K	$3K	3x
BloFin VVV-USDT	+0.0123%	4h	31.034	−0.064%	$1.3M	$1.7M	25x	as long as short
Phoenix VVV	+0.0153%	1h	31.145	+0.293%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	+1.937%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERPlong	+0.0169%	8h	31.054	long leg	$99K	$5.7M	1.7x
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	31.038	−0.052%	$560K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0310%	1h	31.069	+0.047%	$123K	$280K	5x	as long as short