Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.079%

Price spread now: Lighter against KuCoin+0.115%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$860.861% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$37 on $10k

Price spread, last 7 days−0.338%−$34 · spread now +0.115%, 7d avg +0.069%

Together, before fees+0.036%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 0.046% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	31.686	0.0100	pay 0.0050% / 4h	2h 21m	$1.8M	$2.8M	20x
Short	Lighter VVV	31.723	0.0096	get 0.0012% / 1h	21m 21s	$2.1M	$5.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$0.84
Price spread: +0.115% → +0.069%: $4.61
Slippage, 4 orders: −$74.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$82.29
Costs to cover: 0.861%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago	11.30 bp	36.9 bp −$37	805.7 bp −$8,057	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.01 bp	5.1 bp −$5	34.7 bp −$347	798.0 bp −$79.8K	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	31.709	+0.072%	$389K	$634K	5x	as long as short
Gate VVV_USDT	−0.0044%	4h	31.682	−0.013%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0022%	1h	31.711	+0.079%	$136K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.699	+0.041%	$119K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.792	+0.335%	$48K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.730	+0.138%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.717	+0.097%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.579%	$2K	$1K	5.5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.723	+0.115%	$2.1M	$5.6M	5x
Lighter RH VVV	+0.0096%	1h	31.714	+0.088%	$468K	$1.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.725	+0.124%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.710	+0.076%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.743	+0.180%	$73.2M	$53.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.705	+0.061%	$257K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.733	+0.148%	$190K	$163K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.718	+0.101%	$33.7M	$149.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.703	+0.054%	$38.8M	$50.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.703	+0.054%	$4.7M	$39.9M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.720	+0.107%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	31.686	long leg	$1.8M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.684	−0.006%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.738	+0.164%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.714	+0.089%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.700	+0.044%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.721	+0.110%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.709	+0.073%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.698	+0.038%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.653	−0.105%	$79K	$335K	10x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.731	+0.142%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.696	+0.031%	$573K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.711	+0.078%	$232K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0292%	1h	31.742	+0.175%	$123K	$317K	5x	as long as short