Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.013%

Price spread now: Kalshi against MEXC−0.064%48s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.467% of the position

Long on MEXC Short on Kalshi

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−0.079%−$8 · spread now −0.064%, 7d avg −0.030%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.033% cheaper against MEXC than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.030%). If the spread goes back, that is −$3 on $10k: about 8.0 days of funding at the current rate ($0 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	31.377	0.0100	pay 0.0050% / 4h	1h 52m	$6.6M	$5.6M	50x
Short	Kalshi KXVVVPERP	31.357	0.0114	get 0.0114% / 8h	5h 52m	$114K	$5.5M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against MEXC. 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 MEXCbpFee KalshibpOrdersPrice spread, now −0.064%Rate

Funding earned: $2.93
Price spread: −0.064% → −0.030%: −$3.35
Slippage, 4 orders: −$36.71
Fee MEXC: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$47.13
Costs to cover: 0.467%
Break-even: 119.4 days

Slippage from MEXC: live order book, 5 min ago; Kalshi: 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 MEXC live order book, 5 min ago	0.16 bp	13.8 bp −$14	61.2 bp −$612	231.5 bp −$23.2K	doesn't fit
Sell Kalshi live order book, 1 min ago	4.15 bp	11.6 bp −$12	17.3 bp −$173	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.424	+0.150%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.285	−0.295%	$384K	$649K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.323	−0.174%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.324	−0.168%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0008%	1h	31.300	−0.245%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.599%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0071%	4h	31.319	−0.185%	$1.4M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.309	−0.216%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.348	−0.092%	$460K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.327	−0.158%	$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	31.314	−0.199%	$162K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.328	−0.155%	$70.4M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.334	−0.137%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.343	−0.109%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.316	−0.194%	$33.8M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.288	−0.284%	$38.5M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.302	−0.239%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.296	−0.258%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	31.377	long leg	$6.6M	$5.6M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.321	−0.178%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.311	−0.210%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.324	−0.169%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.158	−0.698%	$1.9M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.287	−0.287%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.317	−0.193%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.300	−0.245%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.294	−0.264%	$78K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.308	−0.220%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.333	−0.140%	$6K	—	3x	as long as short
Kalshi KXVVVPERPshort	+0.0114%	8h	31.357	−0.064%	$114K	$5.5M	1.7x
Phoenix VVV	+0.0307%	1h	31.250	−0.405%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0199%	1h	31.317	−0.190%	$501K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0455%	1h	31.362	−0.048%	$149K	$265K	5x	as long as short