VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.065%

Price spread now: Coinbase International against Lighter+0.039%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.039%, 7d avg −0.046%

Together, before fees−0.616%+ Points / potential airdropLighter: Season 3 · farm board−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.086% dearer against Lighter than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.046%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.9 days. At the pace of the last 7 days (−0.284% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.588	0.0096	pay 0.0012% / 1h	49m 36s	$2.0M	$5.2M	5x
Short	Coinbase International VVV-PERP-INTX	30.600	0.0064	get 0.0008% / 1h	49m 36s	$150K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$6.72
Price spread: +0.039% → −0.046%: $8.56
Slippage, 4 orders: −$69.25
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$77.41
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Coinbase International: live order book, 4 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, 8 min ago	2.54 bp	4.8 bp −$5	54.3 bp −$543	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	26.99 bp	32.0 bp −$32	35.7 bp −$357	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
RISEx VVV/USDC	−0.0299%	1h	30.559	−0.095%	$375K	$642K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0174%	1h	30.651	+0.205%	$85K	$24K	10x	as long as short
Polymarket Perps VVV-USD	−0.0131%	1h	30.567	−0.069%	$125K	$1.2M	3x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.646	+0.189%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	30.566	−0.072%	$11K	$3K	3x	as long as short
Gate VVV_USDT	+0.0026%	4h	30.591	+0.010%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.297%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTXshort	+0.0064%	1h	30.600	+0.039%	$150K	$1.2M	25x
BloFin VVV-USDT	+0.0070%	4h	30.713	+0.409%	$1.3M	$1.6M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	30.588	long leg	$2.0M	$5.2M	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	30.587	−0.003%	$459K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.574	−0.046%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.594	+0.021%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.597	+0.029%	$70.1M	$50.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.655	+0.219%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.636	+0.157%	$181K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.581	−0.023%	$32.5M	$133.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.559	−0.095%	$38.0M	$44.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.599	+0.036%	$4.7M	$34.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.601	+0.043%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.611	+0.075%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.563	−0.082%	$5.6M	$7.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.594	+0.020%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.687	+0.322%	$1.9M	$279K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.653	+0.213%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.697	+0.356%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.579	−0.029%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.689	+0.331%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	30.818	+0.750%	$77K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0162%	8h	30.716	+0.418%	$106K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.638	+0.163%	$553K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.679	+0.298%	$35K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0324%	1h	30.688	+0.327%	$120K	$257K	5x	as long as short