Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.062%

Price spread now: Lighter RH against Bybit−0.052%7-day average +0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.591%+$59 on $10k

Price spread, last 7 days+0.234%+$23 · spread now −0.052%, 7d avg +0.112%

Together, before fees+0.824%+ Points / potential airdropLighter RH: Points live · farm board+$82 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 0.164% cheaper against Bybit than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.135	0.0100	pay 0.0050% / 4h	1h 37m	$38.4M	$50.0M	20x
Short	Lighter RH VVV	31.119	0.0096	get 0.0012% / 1h	37m 45s	$460K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$0.84
Price spread: −0.052% → +0.112%: −$16.38
Slippage, 4 orders: −$37.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$65.55
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; 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 Bybit live order book, 1 min ago	0.80 bp	17.3 bp −$17	47.9 bp −$479	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	3.05 bp	11.4 bp −$11	26.4 bp −$264	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	−0.0152%	1h	31.116	−0.060%	$382K	$644K	5x	as long as short
Gate VVV_USDT	−0.0104%	4h	31.129	−0.020%	$10.5M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.137	+0.007%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.132	−0.010%	$23K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0026%	1h	31.117	−0.058%	$134K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.412%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	31.127	−0.026%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0079%	4h	31.089	−0.148%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.133	−0.007%	$2.1M	$5.4M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.119	−0.052%	$460K	$1.5M	5x

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	31.133	−0.005%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.120	−0.048%	$132K	$846K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.156	+0.067%	$71.4M	$51.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.137	+0.006%	$251K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.151	+0.051%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.145	+0.032%	$33.2M	$146.6M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.135	long leg	$38.4M	$50.0M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.148	+0.041%	$4.8M	$38.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.142	+0.022%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.131	−0.013%	$1.9M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.129	−0.020%	$5.7M	$8.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.144	+0.029%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.151	+0.051%	$2.0M	$246K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.126	−0.031%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.133	−0.007%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.136	+0.003%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.133	−0.008%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	31.145	+0.031%	$77K	$334K	10x	as long as short
Kalshi KXVVVPERP	+0.0134%	8h	31.128	−0.023%	$106K	$6.2M	1.7x	as long as short
Phoenix VVV	+0.0153%	1h	31.144	+0.029%	$38K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.105	−0.096%	$139K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.128	−0.024%	$561K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0210%	1h	31.157	+0.069%	$113K	$311K	5x	as long as short