VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.054%

Price spread now: Lighter against Extended+0.135%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.135%, 7d avg +0.093%

Together, before fees+0.328%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$33 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 is 0.042% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended VVV-USD	32.303	0.0104	pay 0.0013% / 1h	53m 54s	$325K	$1.6M	5x
Short	Lighter VVV	32.347	0.0096	get 0.0012% / 1h	53m 54s	$2.3M	$5.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$1.68
Price spread: +0.135% → +0.093%: $4.2
Slippage, 4 orders: −$54.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$56.58
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Lighter: live order book, 9 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 Extended live order book, 5 min ago	1.79 bp	21.9 bp −$22	181.9 bp −$1,819	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	2.13 bp	7.8 bp −$8	34.1 bp −$341	636.4 bp −$63.6K	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
Kalshi KXVVVPERP	0.0000%	8h	32.310	+0.021%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.288	−0.047%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.291	−0.040%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.599%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.296	−0.022%	$397K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0058%	1h	32.276	−0.085%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	32.320	+0.052%	$12K	$3K	3x	as long as short
Lighter VVVshort	+0.0096%	1h	32.347	+0.135%	$2.3M	$5.5M	5x
Lighter RH VVV	+0.0096%	1h	32.311	+0.024%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.054	−0.772%	$56K	$299K	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	32.293	−0.032%	$125K	$796K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.333	+0.092%	$74.8M	$55.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.341	+0.117%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.318	+0.045%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.327	+0.072%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.315	+0.035%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.311	+0.024%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.333	+0.092%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.312	+0.027%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.331	+0.086%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.312	+0.027%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.318	+0.045%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.149	−0.479%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.289	−0.045%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.342	+0.120%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.308	+0.014%	$3K	$106	5x	as long as short
Extended VVV-USDlong	+0.0104%	1h	32.303	long leg	$325K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.293	−0.032%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	32.165	−0.427%	$80K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0138%	4h	32.296	−0.023%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0142%	1h	32.352	+0.151%	$122K	$361K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0184% / S +0.0170%	1h	32.283	−0.062%	$621K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.079%	$242K	$1.4M	25x	as long as short