Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.058%

Price spread now: Lighter RH against Aster−0.076%7-day average +0.087% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.438%+$44 on $10k

Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.076%, 7d avg +0.087%

Together, before fees+0.650%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$65 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 RH is 0.163% cheaper against Aster than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	31.881	0.0100	pay 0.0050% / 4h	3h 12m	$260K	$1.9M	10x
Short	Lighter RH VVV	31.857	0.0096	get 0.0012% / 1h	12m 59s	$471K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$0.84
Price spread: −0.076% → +0.087%: −$16.32
Slippage, 4 orders: −$38.31
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$63.47
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Lighter RH: 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	3.29 bp	17.2 bp −$17	47.3 bp −$473	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	3.92 bp	8.7 bp −$9	33.0 bp −$330	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
Polymarket Perps VVV-USD	−0.0247%	1h	31.811	−0.221%	$145K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0132%	4h	31.904	+0.071%	$10.7M	$7.4M	25x	as long as short
Bybit VVVUSDT	−0.0066%	4h	31.949	+0.211%	$39.1M	$51.6M	20x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.818	−0.199%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.829	−0.164%	$391K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.899	+0.055%	$111K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.867	−0.045%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.868	−0.042%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.849	−0.100%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.944%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0087%	4h	31.870	−0.035%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.863	−0.058%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.857	−0.076%	$471K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	31.831	−0.159%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.939	+0.181%	$74.2M	$55.1M	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	31.881	long leg	$260K	$1.9M	10x
Pacifica VVV	+0.0100%	1h	31.861	−0.064%	$190K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.952	+0.223%	$33.5M	$154.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.906	+0.077%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.940	+0.184%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.932	+0.159%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.912	+0.096%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.914	+0.103%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.917	+0.113%	$123K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.900	+0.057%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.865	−0.050%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.902	+0.065%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.821	−0.188%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0102%	4h	31.936	+0.173%	$79K	$336K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.904	+0.071%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.875	−0.021%	$6K	—	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.838	−0.135%	$576K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.801	−0.253%	$245K	$1.2M	25x	as long as short