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 +0.080%

Price spread now: Lighter against Bitget+0.075%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.386%+$39 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.075%, 7d avg +0.099%

Together, before fees+0.428%+ Points / potential airdropLighter: Season 3 · farm board+$43 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 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VVVUSDT	31.068	0.0100	pay 0.0050% / 4h	2h 51m	$5.7M	$8.6M	20x
Short	Lighter VVV	31.091	0.0096	get 0.0012% / 1h	51m 58s	$2.1M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$0.84
Price spread: +0.075% → +0.099%: −$2.46
Slippage, 4 orders: −$47.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.88
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 6 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 Bitget live order book, 1 min ago	4.67 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	4.99 bp	14.8 bp −$15	48.7 bp −$487	283.4 bp −$28.3K	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
Deribit VVV_USDC-PERPETUAL	−0.0001%	1h	31.081	+0.043%	$89K	$22K	10x	as long as short
01 Exchange VVVUSD	0.0000%	1h	30.976	−0.296%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.076	+0.026%	$104K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.089	+0.069%	$18K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0025%	1h	31.050	−0.058%	$132K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.639%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0076%	4h	31.065	−0.010%	$10.5M	$7.6M	25x	as long as short
Phoenix VVV	+0.0077%	1h	31.296	+0.734%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.044	−0.077%	$380K	$573K	5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.091	+0.075%	$2.1M	$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	31.078	+0.032%	$458K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.055	−0.040%	$143K	$778K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.120	+0.167%	$70.9M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.086	+0.057%	$273K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.074	+0.021%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.092	+0.077%	$32.9M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.076	+0.027%	$38.3M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.098	+0.097%	$4.6M	$40.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.091	+0.074%	$16.7M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.084	+0.051%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDTlong	+0.0100%	4h	31.068	long leg	$5.7M	$8.6M	20x
BingX VVV-USDT	+0.0100%	4h	31.084	+0.051%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.220	+0.490%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.086	+0.057%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.089	+0.068%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.051	−0.054%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.088	+0.065%	$311K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.073	+0.018%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	31.279	+0.678%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0134%	1h	31.109	+0.133%	$117K	$380K	5x	as long as short
BloFin VVV-USDT	+0.0141%	4h	31.074	+0.019%	$1.3M	$1.7M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	+0.180%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0204%	1h	31.077	+0.028%	$519K	—	100x	as long as short