Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h −0.002%

Price spread now: Lighter RH against BloFin−0.009%61s7-day average +0.043% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.343% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.331%+$33 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.009%, 7d avg +0.043%

Together, before fees+0.221%+ Points / potential airdropLighter RH: Points live · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.052% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.331%, so the current rate has only just turned against you. The two prices were read 61 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	31.771	0.0141	pay 0.0071% / 4h	3h 46m	$1.3M	$1.4M	25x
Short	Lighter RH VVV	31.768	0.0096	get 0.0012% / 1h	46m 05s	$468K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$9.53
Price spread: −0.009% → +0.043%: −$5.25
Slippage, 4 orders: −$22.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$49.07
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Lighter RH: live order book, 2 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	1.10 bp	10.1 bp −$10	28.0 bp −$280	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	6.63 bp	9.0 bp −$9	23.5 bp −$235	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
RISEx VVV/USDC	−0.0349%	1h	31.744	−0.083%	$398K	$672K	5x	as long as short
Phemex VVVUSDT	−0.0088%	4h	31.778	+0.022%	$2.0M	$2.1M	50x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.827	+0.176%	$99K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.791	+0.065%	$192K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.763	−0.025%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.302%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.777	+0.019%	$2.0M	$4.1M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.768	−0.009%	$468K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.776	+0.015%	$3K	$63	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.762	−0.027%	$193K	$974K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.807	+0.113%	$251K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.811	+0.127%	$187K	$119K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.781	+0.031%	$33.8M	$108.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.731	−0.126%	$38.7M	$39.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.752	−0.060%	$4.9M	$26.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.754	−0.054%	$11.9M	$4.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.794	+0.072%	$7.1M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.767	−0.013%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.721	−0.157%	$5.8M	$6.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.774	+0.009%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.503	−0.843%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.747	−0.076%	$131K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.507	−0.831%	$3K	$3K	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.716	−0.172%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.779	+0.024%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.540	−0.727%	$78K	$330K	10x	as long as short
Hyperliquid VVV	+0.0130%	1h	31.809	+0.120%	$71.0M	$43.4M	3x	as long as short
BloFin VVV-USDTlong	+0.0141%	4h	31.771	long leg	$1.3M	$1.4M	25x
Phoenix VVV	+0.0229%	1h	31.551	−0.692%	$33K	$201K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0241%	1h	31.765	−0.020%	$88K	$22K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0217%	1h	31.723	−0.150%	$511K	—	100x	as long as short
01 Exchange VVVUSD	+0.0464%	1h	31.847	+0.239%	$11K	$2K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0945%	1h	31.796	+0.078%	$161K	$266K	5x	as long as short