Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.051%

Price spread now: Lighter against edgeX+0.140%49s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as 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−$1491.492% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.140%, 7d avg +0.043%

Together, before fees+0.283%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.096% dearer against edgeX than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.043%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 26 days. Mind the row above: over the last 7 days funding on this pair paid +0.304%, so the current rate has only just turned against you. The two prices were read 49 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	edgeX VVVUSDC	31.507	0.0108	pay 0.0054% / 4h	2h 30m	$78K	$331K	10x
Short	Lighter VVV	31.551	0.0096	get 0.0012% / 1h	30m 46s	$2.2M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$2.57
Price spread: +0.140% → +0.043%: $9.64
Slippage, 4 orders: −$140.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$142.18
Costs to cover: 1.492%
Break-even: never at this rate

Slippage from edgeX: live order book, 57 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 edgeX live order book, 57 min ago	1.11 bp	101.3 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	4.22 bp	27.6 bp −$28	75.0 bp −$750	856.9 bp −$85.7K	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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.553	+0.143%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.564	+0.180%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.591	+0.265%	$118K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.565	+0.182%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.166%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0044%	1h	31.531	+0.075%	$136K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.509	+0.005%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.556	+0.153%	$387K	$571K	5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.551	+0.140%	$2.2M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	31.545	+0.119%	$468K	$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
Nado VVV-PERP	+0.0100%	1h	31.539	+0.102%	$145K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.576	+0.218%	$72.0M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.547	+0.125%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.550	+0.134%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.565	+0.183%	$33.4M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.547	+0.126%	$38.9M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.558	+0.161%	$4.7M	$41.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.550	+0.135%	$10.7M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.564	+0.180%	$17.0M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.533	+0.081%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.548	+0.129%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.565	+0.183%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.438	−0.219%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.544	+0.118%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.512	+0.015%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.548	+0.130%	$3K	$106	5x	as long as short
BloFin VVV-USDT	+0.0103%	4h	31.540	+0.103%	$1.3M	$1.7M	25x	as long as short
Extended VVV-USD	+0.0104%	1h	31.567	+0.190%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.553	+0.144%	$6K	$13K	3x	as long as short
edgeX VVVUSDClong	+0.0108%	4h	31.507	long leg	$78K	$331K	10x
Backpack VVV_USDC_PERP	+0.0217%	1h	31.581	+0.235%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.577	+0.222%	$193K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0195%	1h	31.548	+0.129%	$539K	—	100x	as long as short