Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.079%

Price spread now: Lighter against Gate+0.007%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.007%, 7d avg +0.133%

Together, before fees+0.498%+ Points / potential airdropLighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.127% cheaper against Gate than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.133%). If the spread goes back, that is −$13 on $10k: about 2.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	31.914	−0.0064	get 0.0032% / 4h	2h 31m	$10.7M	$7.1M	25x
Short	Lighter VVV	31.916	0.0096	get 0.0012% / 1h	31m 10s	$2.2M	$5.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: $33.6
Price spread: +0.007% → +0.133%: −$12.66
Slippage, 4 orders: −$45.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.81
Costs to cover: 0.607%
Break-even: 15.3 days

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	1.73 bp	22.8 bp −$23	699.7 bp −$6,997	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.79 bp	5.2 bp −$5	37.0 bp −$370	767.2 bp −$76.7K	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	31.891	−0.071%	$399K	$620K	5x	as long as short
Bybit VVVUSDT	−0.0067%	4h	31.934	+0.061%	$39.1M	$50.8M	20x	as long as short
Gate VVV_USDTlong	−0.0064%	4h	31.914	long leg	$10.7M	$7.1M	25x
Polymarket Perps VVV-USD	−0.0044%	1h	31.900	−0.044%	$147K	$1.1M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.909	−0.016%	$120K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.859	−0.172%	$49K	$289K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.904	−0.031%	$2K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.839%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	31.921	+0.022%	$11K	$3K	3x	as long as short
Lighter VVVshort	+0.0096%	1h	31.916	+0.007%	$2.2M	$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	31.905	−0.028%	$471K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.878	−0.112%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.918	+0.013%	$127K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.960	+0.144%	$73.7M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.941	+0.085%	$259K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.903	−0.034%	$191K	$177K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.948	+0.107%	$33.9M	$150.0M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.944	+0.094%	$4.7M	$40.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.938	+0.075%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.910	−0.013%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.906	−0.025%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.938	+0.075%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.875	−0.124%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.902	−0.037%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.911	−0.009%	$2.1M	$2.1M	50x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0101%	1h	31.920	+0.020%	$89K	$24K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.926	+0.037%	$302K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.933	+0.058%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.831	−0.259%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0122%	1h	31.907	−0.023%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.955	+0.129%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0289%	1h	31.959	+0.140%	$123K	$318K	5x	as long as short