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 +0.062%

Price spread now: Lighter RH against Bitget−0.172%7-day average +0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.531%+$53 on $10k

Price spread, last 4 days (all we have)+0.387%+$39 · spread now −0.172%, 7d avg +0.143%

Together, before fees+0.918%+ Points / potential airdropLighter RH: Points live · farm board+$92 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 0.316% cheaper against Bitget than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VVVUSDT	31.912	0.0100	pay 0.0050% / 4h	3h 12m	$5.8M	$8.9M	20x
Short	Lighter RH VVV	31.857	0.0096	get 0.0012% / 1h	12m 56s	$471K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$0.84
Price spread: −0.172% → +0.143%: −$31.56
Slippage, 4 orders: −$40.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$85.16
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; 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 Bitget live order book, just now	5.64 bp	19.5 bp −$19	59.4 bp −$594	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	−0.316%	$145K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0132%	4h	31.904	−0.025%	$10.7M	$7.4M	25x	as long as short
Bybit VVVUSDT	−0.0066%	4h	31.949	+0.115%	$39.1M	$51.6M	20x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.818	−0.295%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.829	−0.260%	$391K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.899	−0.041%	$111K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.867	−0.141%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.868	−0.138%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.849	−0.196%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.845%	$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	−0.132%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.863	−0.154%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.857	−0.172%	$471K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	31.831	−0.255%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.939	+0.085%	$74.2M	$55.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.881	−0.096%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.861	−0.160%	$190K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.952	+0.127%	$33.5M	$154.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.906	−0.019%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.940	+0.088%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.932	+0.063%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDTlong	+0.0100%	4h	31.912	long leg	$5.8M	$8.9M	20x
BingX VVV-USDT	+0.0100%	4h	31.914	+0.006%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.917	+0.016%	$123K	$333K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.900	−0.039%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.865	−0.146%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.902	−0.031%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.821	−0.284%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0102%	4h	31.936	+0.077%	$79K	$336K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.904	−0.025%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.875	−0.118%	$6K	—	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.838	−0.231%	$576K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.801	−0.349%	$245K	$1.2M	25x	as long as short