Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.076%

Price spread now: Lighter against Aster+0.108%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.283%+$28 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.108%, 7d avg +0.070%

Together, before fees+0.366%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.038% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	31.398	0.0100	pay 0.0050% / 4h	2h 38m	$275K	$1.8M	10x
Short	Lighter VVV	31.432	0.0096	get 0.0012% / 1h	38m 26s	$2.2M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$0.84
Price spread: +0.108% → +0.070%: $3.79
Slippage, 4 orders: −$40.38
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$45.43
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Lighter: live order book, 5 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 Aster live order book, 5 min ago	2.71 bp	13.1 bp −$13	47.3 bp −$473	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	3.91 bp	12.7 bp −$13	43.8 bp −$438	284.2 bp −$28.4K	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
01 Exchange VVVUSD	−0.0040%	1h	31.417	+0.060%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.377	−0.067%	$117K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.373	−0.081%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.441	+0.136%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.529%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0050%	4h	31.374	−0.077%	$1.3M	$1.7M	25x	as long as short
Polymarket Perps VVV-USD	+0.0066%	1h	31.406	+0.025%	$134K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.382	−0.051%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.404	+0.018%	$385K	$574K	5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.432	+0.108%	$2.2M	$5.4M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.391	−0.023%	$463K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.407	+0.030%	$144K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.462	+0.203%	$71.8M	$54.1M	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	31.398	long leg	$275K	$1.8M	10x
Pacifica VVV	+0.0100%	1h	31.429	+0.098%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.436	+0.119%	$33.3M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.433	+0.111%	$38.7M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.453	+0.175%	$4.7M	$41.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.408	+0.031%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.423	+0.079%	$16.9M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.417	+0.060%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.413	+0.047%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.433	+0.111%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.327	−0.226%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.369	−0.092%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.366	−0.102%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.404	+0.019%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.449	+0.163%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.416	+0.058%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.349	−0.156%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0185%	1h	31.408	+0.032%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.325	−0.234%	$172K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0195%	1h	31.434	+0.114%	$537K	—	100x	as long as short