Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0162%/8h= −17.7% APRpaid last 24h −0.079%

Price spread now: Gate against Lighter+0.037%7-day average −0.133% · 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−$44as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.476%−$48 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.037%, 7d avg −0.133%

Together, before fees−0.542%+ Points / potential airdropLighter: Season 3 · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.170% dearer against Lighter than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.133%): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.900	0.0096	pay 0.0012% / 1h	30m 32s	$2.2M	$5.6M	5x
Short	Gate VVV_USDT	31.912	−0.0066	pay 0.0033% / 4h	2h 30m	$10.7M	$7.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: −$34.02
Price spread: +0.037% → −0.133%: $17.02
Slippage, 4 orders: −$45.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$77.74
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Gate: 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, 7 min ago	1.79 bp	3.2 bp −$3	18.5 bp −$185	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.73 bp	29.5 bp −$30	154.3 bp −$1,543	doesn't fit	doesn't fit

VVV on 32 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	−0.0111%	1h	31.908	+0.025%	$400K	$621K	5x	as long as short
Gate VVV_USDTshort	−0.0066%	4h	31.912	+0.037%	$10.7M	$7.1M	25x
Bybit VVVUSDT	−0.0045%	4h	31.915	+0.045%	$39.1M	$50.8M	20x	as long as short
Polymarket Perps VVV-USD	−0.0035%	1h	31.900	−0.001%	$147K	$1.1M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.909	+0.028%	$120K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.859	−0.129%	$49K	$289K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.904	+0.012%	$2K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.883%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	31.926	+0.081%	$11K	$3K	3x	as long as short
Lighter VVVlong	+0.0096%	1h	31.900	long leg	$2.2M	$5.6M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.905	+0.015%	$471K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.897	−0.010%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.931	+0.098%	$127K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.950	+0.156%	$73.7M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.935	+0.109%	$259K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.918	+0.057%	$191K	$177K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.919	+0.059%	$33.9M	$149.8M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.925	+0.078%	$4.7M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.929	+0.090%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.907	+0.021%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.892	−0.026%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.927	+0.084%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.875	−0.080%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.902	+0.006%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.911	+0.034%	$2.1M	$2.1M	50x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0101%	1h	31.920	+0.063%	$89K	$24K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.923	+0.072%	$302K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.933	+0.101%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.831	−0.216%	$79K	$336K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0122%	1h	31.907	+0.021%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.955	+0.173%	$234K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0289%	1h	31.959	+0.183%	$123K	$318K	5x	as long as short