VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.085%

Price spread now: Lighter against Derive+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.065% dearer against Derive than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive VVV-PERP	31.456	0.0100	pay 0.0013% / 1h	35m 09s	$1K	$1K	5x
Short	Lighter VVV	31.476	0.0096	get 0.0012% / 1h	35m 09s	$2.2M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Derive. 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 DerivebpFee LighterbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$0.84
Price spread: +0.065% → 0.000%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.35
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	4.22 bp	27.6 bp −$28	75.0 bp −$750	856.9 bp −$85.7K	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange VVVUSD	−0.0016%	1h	31.481	+0.080%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.469	+0.041%	$117K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.461	+0.016%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.471	+0.049%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.336%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0046%	4h	31.458	+0.006%	$1.3M	$1.7M	25x	as long as short
Polymarket Perps VVV-USD	+0.0054%	1h	31.448	−0.025%	$134K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.381	−0.238%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.471	+0.049%	$386K	$571K	5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.476	+0.065%	$2.2M	$5.4M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.467	+0.035%	$467K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.477	+0.065%	$145K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.527	+0.226%	$71.9M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.494	+0.121%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.483	+0.084%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.476	+0.065%	$33.3M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.473	+0.055%	$38.8M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.479	+0.073%	$4.7M	$41.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.479	+0.073%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.493	+0.118%	$16.9M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.466	+0.032%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.478	+0.070%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.502	+0.146%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.438	−0.056%	$2.1M	$184K	—	as long as short
Derive VVV-PERPlong	+0.0100%	1h	31.456	long leg	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	31.426	−0.095%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.458	+0.007%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.466	+0.033%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.462	+0.019%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.380	−0.241%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0201%	1h	31.524	+0.215%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.456	−0.001%	$187K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0195%	1h	31.465	+0.028%	$538K	—	100x	as long as short