Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.041%

Price spread now: Lighter against BingX−0.023%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$31 on $10k

Price spread, last 7 days−0.052%−$5 · spread now −0.023%, 7d avg +0.061%

Together, before fees+0.262%+ Points / potential airdropLighter: Season 3 · farm board+$26 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 0.084% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	31.007	0.0100	pay 0.0050% / 4h	3m 01s	—	$4.9M	—
Short	Lighter VVV	31.000	0.0096	get 0.0012% / 1h	3m 01s	$2.1M	$5.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.84
Price spread: −0.023% → +0.061%: −$8.39
Slippage, 4 orders: −$22.39
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.62
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from BingX: live order book, 7 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 BingX live order book, 7 min ago	0.16 bp	12.2 bp −$12	35.4 bp −$354	337.9 bp −$33.8K	724.0 bp −$362.0K
Sell Lighter live order book, 5 min ago	1.23 bp	6.3 bp −$6	56.8 bp −$568	1538.4 bp −$153.8K	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	−0.0299%	1h	30.978	−0.093%	$380K	$630K	5x	as long as short
Polymarket Perps VVV-USD	−0.0083%	1h	30.975	−0.103%	$129K	$1.2M	3x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.985	−0.072%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0030%	4h	31.003	−0.013%	$10.4M	$6.0M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.847%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0056%	1h	31.038	+0.100%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0059%	4h	31.006	−0.003%	$1.3M	$1.6M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.881	−0.405%	$145K	$1.2M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	31.000	−0.023%	$2.1M	$5.3M	5x
Lighter RH VVV	+0.0096%	1h	31.009	+0.006%	$453K	$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	31.021	+0.046%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.008	+0.002%	$142K	$872K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.027	+0.065%	$70.8M	$48.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.029	+0.071%	$248K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.038	+0.100%	$183K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.046	+0.126%	$33.2M	$128.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.036	+0.095%	$38.6M	$42.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.041	+0.110%	$4.8M	$32.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.011	+0.013%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.008	+0.003%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.008	+0.003%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.007	long leg	—	$4.9M	—
Variational Omni VVV	+0.0100%	4h	30.780	−0.732%	$1.9M	$283K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.975	−0.103%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.977	−0.097%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0104%	4h	30.794	−0.687%	$77K	$333K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.040	+0.107%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.988	−0.062%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0140%	8h	31.022	+0.048%	$106K	$5.6M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0152%	1h	31.028	+0.067%	$121K	$248K	5x	as long as short
Phoenix VVV	+0.0182%	1h	30.645	−1.167%	$32K	$253K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0321%	1h	30.993	−0.045%	$86K	$24K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.977	−0.096%	$543K	—	100x	as long as short