Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.029%

Price spread now: Lighter against BloFin−0.213%60s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.409% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.213%, 7d avg +0.029%

Together, before fees+0.302%+ Points / potential airdropLighter: Season 3 · farm board+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter is 0.242% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.180%, so the current rate has only just turned against you. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	30.704	0.0109	pay 0.0054% / 4h	45m 58s	$1.3M	$1.6M	25x
Short	Lighter VVV	30.639	0.0096	get 0.0012% / 1h	45m 58s	$2.0M	$5.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$2.69
Price spread: −0.213% → +0.029%: −$24.17
Slippage, 4 orders: −$28.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$67.8
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from BloFin: 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 BloFin live order book, 2 min ago	0.16 bp	14.7 bp −$15	31.9 bp −$319	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.81 bp	7.3 bp −$7	50.2 bp −$502	1518.6 bp −$151.9K	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	30.617	−0.283%	$375K	$641K	5x	as long as short
Polymarket Perps VVV-USD	−0.0120%	1h	30.613	−0.296%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.621	−0.270%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.619	−0.277%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	30.636	−0.221%	$11K	$3K	3x	as long as short
Gate VVV_USDT	+0.0020%	4h	30.629	−0.244%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.892%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.500	−0.664%	$147K	$1.2M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	30.639	−0.213%	$2.0M	$5.2M	5x
Lighter RH VVV	+0.0096%	1h	30.647	−0.186%	$448K	$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	30.646	−0.188%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.636	−0.221%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.658	−0.150%	$69.9M	$50.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.602	−0.332%	$245K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.655	−0.160%	$181K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.648	−0.182%	$32.6M	$133.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.634	−0.226%	$38.1M	$44.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.650	−0.176%	$4.7M	$34.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.651	−0.173%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.631	−0.238%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.633	−0.231%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.658	−0.150%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.612	−0.299%	$1.9M	$286K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.629	−0.244%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.644	−0.195%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.635	−0.223%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.596	−0.352%	$6K	—	3x	as long as short
BloFin VVV-USDTlong	+0.0109%	4h	30.704	long leg	$1.3M	$1.6M	25x
edgeX VVVUSDC	+0.0116%	4h	30.578	−0.411%	$76K	$334K	10x	as long as short
Kalshi KXVVVPERP	+0.0160%	8h	30.632	−0.234%	$102K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.618	−0.281%	$552K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.679	−0.081%	$34K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0258%	1h	30.673	−0.101%	$119K	$258K	5x	as long as short