Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.036%

Price spread now: Lighter RH against BingX−0.006%7-day average +0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on BingX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.006%, 7d avg +0.091%

Together, before fees+0.670%+ Points / potential airdropLighter RH: Points live · farm board+$67 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 0.097% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	31.959	0.0100	pay 0.0050% / 4h	2m 13s	—	$5.5M	—
Short	Lighter RH VVV	31.957	0.0096	get 0.0012% / 1h	2m 13s	$476K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$0.84
Price spread: −0.006% → +0.091%: −$9.7
Slippage, 4 orders: −$25.91
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$46.45
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Lighter RH: live order book, just now.

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	9.5 bp −$9	26.8 bp −$268	246.2 bp −$24.6K	707.1 bp −$353.6K
Sell Lighter RH live order book, just now	4.07 bp	6.6 bp −$7	31.7 bp −$317	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	−0.0039%	1h	31.930	−0.091%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.945	−0.044%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.969	+0.031%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.951	−0.026%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.950	−0.029%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.694%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.945	−0.044%	$393K	$602K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.950	−0.027%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.957	−0.006%	$476K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	31.950	−0.027%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.983	+0.075%	$74.2M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.951	−0.026%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.966	+0.022%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.964	+0.016%	$33.5M	$155.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.954	−0.014%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.964	+0.016%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.940	−0.059%	$10.7M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.969	+0.031%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.950	−0.028%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.957	−0.006%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.959	long leg	—	$5.5M	—
Variational Omni VVV	+0.0100%	4h	31.870	−0.279%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.951	−0.025%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.954	−0.016%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.943	−0.050%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.959	+0.001%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.940	−0.059%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0105%	4h	31.971	+0.038%	$1.3M	$1.8M	25x	as long as short
edgeX VVVUSDC	+0.0120%	4h	31.932	−0.086%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0121%	1h	31.985	+0.082%	$124K	$348K	5x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	−0.034%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.953	−0.018%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.997%	$242K	$1.3M	25x	as long as short