Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.042%

Price spread now: Lighter against Binance+0.015%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.316%+$32 on $10k

Price spread, last 7 days−0.240%−$24 · spread now +0.015%, 7d avg +0.027%

Together, before fees+0.076%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	30.645	0.0100	pay 0.0050% / 4h	3h 10m	$33.0M	$125.3M	25x
Short	Lighter VVV	30.650	0.0096	get 0.0012% / 1h	10m 44s	$2.0M	$5.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$0.84
Price spread: +0.015% → +0.027%: −$1.2
Slippage, 4 orders: −$29.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.28
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Lighter: live order book, 7 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 Binance live order book, 2 min ago	0.65 bp	12.4 bp −$12	33.4 bp −$334	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.40 bp	7.9 bp −$8	58.6 bp −$586	1387.1 bp −$138.7K	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	30.606	−0.128%	$375K	$645K	5x	as long as short
Polymarket Perps VVV-USD	−0.0108%	1h	30.602	−0.140%	$121K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	−0.009%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.673	+0.090%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.647	+0.007%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.097%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	30.665	+0.065%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.620	−0.082%	$11K	$3K	3x	as long as short
Lighter VVVshort	+0.0096%	1h	30.650	+0.015%	$2.0M	$5.2M	5x
Lighter RH VVV	+0.0096%	1h	30.650	+0.016%	$447K	$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	30.629	−0.053%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.627	−0.057%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.649	+0.013%	$69.1M	$48.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.661	+0.052%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.640	−0.016%	$181K	$132K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	30.645	long leg	$33.0M	$125.3M	25x
Bybit VVVUSDT	+0.0100%	4h	30.629	−0.052%	$38.1M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.639	−0.020%	$4.8M	$31.3M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.632	−0.042%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.650	+0.016%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.636	−0.029%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.637	−0.026%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.643	−0.007%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.636	−0.028%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.647	+0.006%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.635	−0.033%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.632	−0.042%	$294K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.662	+0.056%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.684	+0.128%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.651	+0.020%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0281%	8h	30.646	+0.003%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0300%	1h	30.656	+0.035%	$120K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.641	−0.012%	$534K	—	100x	as long as short