Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.038%

Price spread now: edgeX against Lighter+0.551%109s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$910.908% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.294%−$29 on $10k

Price spread, last 4 days (all we have)−0.669%−$67 · spread now +0.551%, 7d avg −0.018%

Together, before fees−0.962%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$96 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.569% dearer against Lighter than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.294%, so the current rate has only just turned in your favour. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.817	0.0096	pay 0.0012% / 1h	57m 44s	$2.1M	$5.1M	5x
Short	edgeX VVVUSDC	30.986	0.0115	get 0.0057% / 4h	3h 57m	$77K	$335K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.551%Rate

Funding earned: $3.94
Price spread: +0.551% → −0.018%: $56.87
Slippage, 4 orders: −$81.79
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$29.98
Costs to cover: 0.908%
Break-even: 60.3 days

Slippage from Lighter: live order book, 5 min ago; edgeX: live order book, 61 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, 5 min ago	1.89 bp	3.0 bp −$3	34.9 bp −$349	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	0.81 bp	41.3 bp −$41	doesn't fit	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	−0.0417%	1h	30.771	−0.148%	$378K	$638K	5x	as long as short
Polymarket Perps VVV-USD	−0.0219%	1h	30.783	−0.110%	$128K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0144%	4h	30.838	+0.069%	$10.3M	$5.7M	25x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	+0.051%	$145K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.761	−0.180%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.794	−0.073%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.500%	$2K	$1K	5.5x	as long as short
Lighter VVVlong	+0.0096%	1h	30.817	long leg	$2.1M	$5.1M	5x
Lighter RH VVV	+0.0096%	1h	30.819	+0.007%	$451K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.805	−0.039%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	30.825	+0.025%	$142K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.830	+0.043%	$70.3M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.832	+0.049%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.845	+0.092%	$182K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.829	+0.040%	$33.0M	$127.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.802	−0.048%	$38.3M	$42.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.812	−0.016%	$4.8M	$32.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.824	+0.023%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.804	−0.042%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.811	−0.019%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.827	+0.033%	—	$5.0M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	30.834	+0.057%	$122K	$249K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	30.997	+0.583%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.767	−0.163%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.775	−0.136%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.817	−0.001%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.836	+0.062%	$6K	—	3x	as long as short
edgeX VVVUSDCshort	+0.0115%	4h	30.986	+0.551%	$77K	$335K	10x
01 Exchange VVVUSD	+0.0120%	1h	30.795	−0.071%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0139%	8h	30.827	+0.033%	$106K	$5.6M	1.7x	as long as short
BloFin VVV-USDT	+0.0151%	4h	30.898	+0.263%	$1.3M	$1.6M	25x	as long as short
Phoenix VVV	+0.0182%	1h	31.038	+0.718%	$32K	$245K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0174%	1h	30.787	−0.096%	$540K	—	100x	as long as short