Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0007%/8h= −0.7% APRpaid last 24h −0.004%

Price spread now: Lighter RH against edgeX+0.065%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$910.908% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.448%+$45 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.065%, 7d avg +0.031%

Together, before fees+0.140%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$14 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 0.034% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	31.497	0.0103	pay 0.0051% / 4h	3h 51m	$78K	$330K	10x
Short	Lighter RH VVV	31.517	0.0096	get 0.0012% / 1h	51m 07s	$464K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$1.37
Price spread: +0.065% → +0.031%: $3.38
Slippage, 4 orders: −$81.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$88.74
Costs to cover: 0.908%
Break-even: never at this rate

Slippage from edgeX: live order book, 47 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 edgeX live order book, 47 min ago	0.79 bp	30.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	3.65 bp	5.5 bp −$6	19.8 bp −$198	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	31.470	−0.085%	$385K	$666K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.507	+0.033%	$95K	$5.2M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.486	−0.033%	$185K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.504	+0.022%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.202%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.525	+0.089%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.517	+0.065%	$464K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.470	−0.085%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.514	+0.057%	$163K	$951K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.547	+0.160%	$70.4M	$43.3M	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	31.520	+0.074%	$249K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.495	−0.005%	$185K	$121K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.529	+0.102%	$33.6M	$109.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.506	+0.031%	$38.4M	$39.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.516	+0.061%	$4.8M	$26.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.483	−0.043%	$11.8M	$4.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.538	+0.131%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.499	+0.007%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.497	+0.001%	$5.7M	$6.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.506	+0.030%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.341	−0.495%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.487	−0.031%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.493	−0.013%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.533	+0.115%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDClong	+0.0103%	4h	31.497	long leg	$78K	$330K	10x
Extended VVV-USD	+0.0104%	1h	31.529	+0.103%	$293K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.521	+0.078%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0148%	4h	31.536	+0.125%	$1.3M	$1.4M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0150%	1h	31.520	+0.073%	$88K	$22K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.443	−0.170%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0400%	1h	31.532	+0.112%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0216%	1h	31.501	+0.014%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0846%	1h	31.545	+0.154%	$160K	$266K	5x	as long as short