VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.054%

Price spread now: Extended against Lighter−0.069%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.317%−$32 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.069%, 7d avg −0.093%

Together, before fees−0.400%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$40 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: Extended is 0.025% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	32.311	0.0096	pay 0.0012% / 1h	54m 42s	$2.3M	$5.5M	5x
Short	Extended VVV-USD	32.289	0.0104	get 0.0013% / 1h	54m 42s	$323K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.069%Rate

Funding earned: $1.68
Price spread: −0.069% → −0.093%: $2.45
Slippage, 4 orders: −$54.11
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$54.98
Costs to cover: 0.591%
Break-even: 236.1 days

Slippage from Lighter: live order book, 8 min ago; Extended: 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	2.13 bp	8.7 bp −$9	32.9 bp −$329	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.79 bp	20.7 bp −$21	212.0 bp −$2,120	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	32.312	+0.003%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.234	−0.239%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.244	−0.208%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.575%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.224	−0.269%	$396K	$604K	5x	as long as short
Polymarket Perps VVV-USD	+0.0051%	1h	32.216	−0.294%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	32.227	−0.260%	$12K	$3K	3x	as long as short
Lighter VVVlong	+0.0096%	1h	32.311	long leg	$2.3M	$5.5M	5x
Lighter RH VVV	+0.0096%	1h	32.278	−0.102%	$480K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.054	−0.796%	$56K	$299K	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	32.227	−0.262%	$125K	$796K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.326	+0.046%	$74.8M	$55.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.305	−0.019%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.233	−0.242%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.304	−0.022%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.275	−0.112%	$39.6M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.290	−0.065%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.298	−0.041%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.305	−0.019%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.284	−0.084%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.278	−0.102%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.312	+0.003%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.149	−0.503%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.235	−0.236%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.266	−0.140%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.228	−0.256%	$3K	$106	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	32.289	−0.069%	$323K	$1.6M	5x
Aevo VVV-PERP	+0.0104%	1h	32.241	−0.217%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	32.165	−0.451%	$80K	$332K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0135%	1h	32.310	−0.003%	$122K	$361K	5x	as long as short
BloFin VVV-USDT	+0.0138%	4h	32.296	−0.047%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0184% / S +0.0170%	1h	32.241	−0.217%	$620K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.103%	$242K	$1.4M	25x	as long as short