Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.053%

Price spread now: Binance against Lighter−0.041%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 7 days−0.073%−$7 · spread now −0.041%, 7d avg −0.033%

Together, before fees−0.397%+ Points / potential airdropLighter: Season 3 · farm board−$40 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	32.233	0.0096	pay 0.0012% / 1h	56m 00s	$2.3M	$5.5M	5x
Short	Binance VVVUSDT	32.220	0.0100	get 0.0050% / 4h	56m 00s	$33.7M	$157.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.84
Price spread: −0.041% → −0.033%: −$0.87
Slippage, 4 orders: −$32.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.12
Costs to cover: 0.421%
Break-even: 358.0 days

Slippage from Lighter: live order book, 7 min ago; Binance: live order book, 2 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, 7 min ago	2.13 bp	8.7 bp −$9	32.9 bp −$329	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.16 bp	11.2 bp −$11	34.7 bp −$347	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
Kalshi KXVVVPERP	0.0000%	8h	32.159	−0.230%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.220	−0.040%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.203	−0.095%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0009%	1h	32.174	−0.183%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.821%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.198	−0.109%	$395K	$605K	5x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	32.191	−0.130%	$12K	$3K	3x	as long as short
Lighter VVVlong	+0.0096%	1h	32.233	long leg	$2.3M	$5.5M	5x
Lighter RH VVV	+0.0096%	1h	32.202	−0.096%	$478K	$1.6M	5x	as long as short
BloFin VVV-USDT	+0.0098%	4h	32.195	−0.118%	$1.3M	$1.8M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix VVV	+0.0098%	1h	32.054	−0.555%	$56K	$299K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.204	−0.088%	$125K	$796K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.240	+0.022%	$74.6M	$56.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.221	−0.036%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.189	−0.138%	$192K	$191K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	32.220	−0.041%	$33.7M	$157.1M	25x
Bybit VVVUSDT	+0.0100%	4h	32.206	−0.085%	$39.5M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.210	−0.071%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.221	−0.037%	$10.8M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.220	−0.040%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.200	−0.102%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.205	−0.087%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.225	−0.025%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.134	−0.307%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.214	−0.060%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.216	−0.053%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.175	−0.179%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.208	−0.077%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.201	−0.098%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	32.042	−0.592%	$80K	$332K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0159%	1h	32.242	+0.026%	$122K	$361K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0184% / S +0.0170%	1h	32.192	−0.127%	$619K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.193	−0.124%	$242K	$1.4M	25x	as long as short