Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.076%

Price spread now: Aster against Lighter−0.096%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.282%−$28 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.096%, 7d avg −0.071%

Together, before fees−0.382%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$38 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: Aster is 0.025% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.305	0.0096	pay 0.0012% / 1h	54m 47s	$2.2M	$5.4M	5x
Short	Aster VVVUSDT	31.275	0.0100	get 0.0050% / 4h	2h 54m	$275K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.096%Rate

Funding earned: $0.84
Price spread: −0.096% → −0.071%: −$2.48
Slippage, 4 orders: −$49.28
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.92
Costs to cover: 0.573%
Break-even: 498.0 days

Slippage from Lighter: live order book, 3 min ago; Aster: 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 Lighter live order book, 3 min ago	4.99 bp	9.6 bp −$10	28.8 bp −$288	256.9 bp −$25.7K	doesn't fit
Sell Aster live order book, 3 min ago	2.57 bp	20.9 bp −$21	65.8 bp −$658	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
01 Exchange VVVUSD	−0.0080%	1h	31.200	−0.336%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.254	−0.164%	$104K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.304	−0.004%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.287	−0.058%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.838%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	31.306	+0.002%	$1.3M	$1.7M	25x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.221	−0.271%	$382K	$573K	5x	as long as short
Lighter VVVlong	+0.0096%	1h	31.305	long leg	$2.2M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	31.290	−0.049%	$461K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.276	−0.095%	$145K	$778K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.307	+0.005%	$71.4M	$54.0M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	31.275	−0.096%	$275K	$1.8M	10x
Pacifica VVV	+0.0100%	1h	31.228	−0.247%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.264	−0.132%	$33.0M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.245	−0.193%	$38.6M	$51.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.272	−0.106%	$4.7M	$40.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.260	−0.145%	$10.6M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.286	−0.062%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.261	−0.142%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.273	−0.103%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.282	−0.074%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.220	−0.271%	$2.1M	$184K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.268	−0.119%	$130K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.305	−0.002%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.270	−0.113%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.207	−0.313%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.259	−0.147%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.281	−0.078%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.201	−0.334%	$78K	$329K	10x	as long as short
Phoenix VVV	+0.0174%	1h	31.179	−0.403%	$55K	$292K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0228%	1h	31.328	+0.072%	$118K	$380K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−0.579%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0204%	1h	31.289	−0.052%	$522K	—	100x	as long as short