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 −0.025%

Price spread now: Lighter against Hyperliquid−0.095%7-day average −0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.095%, 7d avg −0.002%

Together, before fees+0.267%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$27 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 0.093% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.409	0.0100	pay 0.0013% / 1h	40m 15s	$71.6M	$54.1M	3x
Short	Lighter VVV	31.379	0.0096	get 0.0012% / 1h	40m 15s	$2.2M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$0.84
Price spread: −0.095% → −0.002%: −$9.27
Slippage, 4 orders: −$34.88
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$53.99
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Lighter: live order book, 3 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 Hyperliquid live order book, 3 min ago	1.12 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	3.91 bp	12.7 bp −$13	43.8 bp −$438	284.2 bp −$28.4K	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	−0.0072%	1h	31.367	−0.135%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0056%	1h	31.350	−0.188%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.367	−0.134%	$117K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.377	−0.102%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.492%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0058%	4h	31.347	−0.197%	$1.3M	$1.7M	25x	as long as short
Polymarket Perps VVV-USD	+0.0063%	1h	31.348	−0.194%	$134K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.284	−0.398%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.361	−0.153%	$384K	$572K	5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.379	−0.095%	$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	31.362	−0.150%	$462K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.380	−0.091%	$144K	$781K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.409	long leg	$71.6M	$54.1M	3x
Aster VVVUSDT	+0.0100%	4h	31.379	−0.096%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.382	−0.087%	$186K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.374	−0.110%	$33.2M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.364	−0.142%	$38.6M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.364	−0.143%	$4.7M	$40.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.353	−0.178%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.382	−0.086%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.355	−0.172%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.351	−0.185%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.372	−0.118%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.327	−0.261%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.371	−0.120%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.368	−0.131%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.366	−0.138%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.373	−0.116%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.367	−0.133%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.263	−0.464%	$78K	$332K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0173%	1h	31.398	−0.034%	$118K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.407	−0.007%	$183K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0195%	1h	31.370	−0.124%	$536K	—	100x	as long as short