VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h +0.078%

Price spread now: Lighter against Coinbase International−0.313%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 3 days (all we have)+0.630%+$63 · spread now −0.313%, 7d avg +0.046%

Together, before fees+0.911%+ Points / potential airdropLighter: Season 3 · farm board+$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.359% cheaper against Coinbase International than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.281%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International VVV-PERP-INTX	31.885	0.0208	pay 0.0026% / 1h	27m 15s	$234K	$1.2M	25x
Short	Lighter VVV	31.785	0.0096	get 0.0012% / 1h	27m 15s	$2.1M	$5.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.313%Rate

Funding earned: −$23.52
Price spread: −0.313% → +0.046%: −$35.9
Slippage, 4 orders: −$34.87
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$104.29
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 1 min ago	6.39 bp	15.7 bp −$16	29.5 bp −$295	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.13 bp	5.5 bp −$5	47.2 bp −$472	827.0 bp −$82.7K	doesn't fit

VVV on 32 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	−0.0111%	1h	31.823	−0.195%	$400K	$621K	5x	as long as short
Gate VVV_USDT	−0.0040%	4h	31.800	−0.265%	$10.7M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0017%	1h	31.817	−0.212%	$146K	$1.1M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.844	−0.127%	$120K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.929	+0.139%	$49K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.806	−0.246%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.806	−0.248%	$2K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.934%	$2K	$1K	5.5x	as long as short
Bybit VVVUSDT	+0.0041%	4h	31.794	−0.283%	$38.9M	$50.7M	20x	as long as short
Lighter VVVshort	+0.0096%	1h	31.785	−0.313%	$2.1M	$5.6M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.773	−0.350%	$469K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.839	−0.144%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.837	−0.151%	$132K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.862	−0.071%	$73.5M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.842	−0.134%	$258K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.861	−0.073%	$190K	$163K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.807	−0.244%	$33.8M	$149.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.780	−0.328%	$4.7M	$40.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.844	−0.127%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.812	−0.228%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.787	−0.306%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.826	−0.184%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.875	−0.031%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.792	−0.291%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.807	−0.243%	$2.1M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.799	−0.268%	$302K	$1.9M	5x	as long as short
01 Exchange VVVUSD	+0.0104%	1h	31.854	−0.096%	$11K	$3K	3x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.812	−0.226%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.841	−0.137%	$79K	$333K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.802	−0.258%	$575K	—	100x	as long as short
Coinbase International VVV-PERP-INTXlong	+0.0208%	1h	31.885	long leg	$234K	$1.2M	25x
Backpack VVV_USDC_PERP	+0.0303%	1h	31.867	−0.056%	$123K	$317K	5x	as long as short