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 −0.042%

Price spread now: Lighter RH against Hyperliquid−0.152%7-day average +0.030% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Hyperliquid Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.320%+$32 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.152%, 7d avg +0.030%

Together, before fees+0.469%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board+$47 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 0.182% cheaper against Hyperliquid than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.487	0.0100	pay 0.0013% / 1h	36m 35s	$71.8M	$54.1M	3x
Short	Lighter RH VVV	31.439	0.0096	get 0.0012% / 1h	36m 35s	$464K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$0.84
Price spread: −0.152% → +0.030%: −$18.23
Slippage, 4 orders: −$30.03
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$58.1
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Lighter RH: live order book, 1 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, 7 min ago	1.12 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	5.57 bp	10.3 bp −$10	29.7 bp −$297	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
Deribit VVV_USDC-PERPETUAL	−0.0135%	1h	31.434	−0.167%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0024%	1h	31.478	−0.029%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.510	+0.073%	$117K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.455	−0.102%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.233%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0062%	1h	31.433	−0.171%	$134K	$1.2M	3x	as long as short
BloFin VVV-USDT	+0.0064%	4h	31.437	−0.159%	$1.3M	$1.7M	25x	as long as short
Phoenix VVV	+0.0077%	1h	31.381	−0.337%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.452	−0.111%	$385K	$573K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.453	−0.106%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVVshort	+0.0096%	1h	31.439	−0.152%	$464K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	31.460	−0.084%	$144K	$781K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.487	long leg	$71.8M	$54.1M	3x
Aster VVVUSDT	+0.0100%	4h	31.471	−0.050%	$276K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.469	−0.057%	$187K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.472	−0.048%	$33.3M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.453	−0.108%	$38.8M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.464	−0.073%	$4.7M	$41.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.454	−0.105%	$10.6M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.452	−0.111%	$16.9M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.461	−0.083%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.441	−0.146%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.460	−0.086%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.327	−0.508%	$2.1M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.439	−0.151%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.417	−0.222%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.450	−0.116%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.449	−0.120%	$314K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.455	−0.103%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.380	−0.339%	$78K	$330K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0207%	1h	31.457	−0.095%	$119K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.472	−0.046%	$176K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0195%	1h	31.445	−0.132%	$537K	—	100x	as long as short