Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.009%

Price spread now: Kalshi against OKX+0.118%52s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as 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−$630.628% of the position

Long on OKX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.195%−$20 · spread now +0.118%, 7d avg +0.009%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kalshi is 0.108% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 52 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	OKX VVV-USDT-SWAP	30.599	0.0100	pay 0.0050% / 4h	3h 16m	$4.8M	$31.3M	20x
Short	Kalshi KXVVVPERP	30.635	0.0206	get 0.0206% / 8h	7h 16m	$97K	$5.5M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against OKX. 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 OKXbpFee KalshibpOrdersPrice spread, now +0.118%Rate

Funding earned: $22.29
Price spread: +0.118% → +0.009%: $10.83
Slippage, 4 orders: −$42.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$29.63
Costs to cover: 0.628%
Break-even: 16.3 days

Slippage from OKX: live order book, 2 min ago; Kalshi: live order book, 2 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 OKX live order book, 2 min ago	2.62 bp	18.4 bp −$18	85.6 bp −$856	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	7.35 bp	16.7 bp −$17	25.4 bp −$254	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	−0.0417%	1h	30.557	−0.138%	$375K	$642K	5x	as long as short
Polymarket Perps VVV-USD	−0.0124%	1h	30.548	−0.167%	$121K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.141%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.580	−0.062%	$85K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.588	−0.036%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.258%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.573	−0.085%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0082%	4h	30.608	+0.029%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.579	−0.064%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	30.586	−0.042%	$446K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.566	−0.109%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.580	−0.060%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.582	−0.057%	$68.9M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.619	+0.067%	$243K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.598	−0.003%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.598	−0.003%	$33.0M	$125.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.572	−0.090%	$38.0M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	30.599	long leg	$4.8M	$31.3M	20x
Gate VVV_USDT	+0.0100%	4h	30.580	−0.062%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.597	−0.007%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.601	+0.007%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.590	−0.029%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.593	−0.020%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.628	+0.095%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.572	−0.088%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.613	+0.046%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0101%	4h	30.632	+0.107%	$76K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.578	−0.069%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.588	−0.036%	$6K	—	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.657	+0.190%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERPshort	+0.0206%	8h	30.635	+0.118%	$97K	$5.5M	1.7x
Backpack VVV_USDC_PERP	+0.0287%	1h	30.627	+0.093%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0176%	1h	30.576	−0.076%	$533K	—	100x	as long as short