VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.025%

Price spread now: Hyperliquid against Lighter+0.156%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$480.485% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.156%, 7d avg +0.002%

Together, before fees−0.329%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$33 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: Hyperliquid is 0.155% dearer against Lighter than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	32.152	0.0096	pay 0.0012% / 1h	15m 15s	$2.2M	$5.4M	5x
Short	Hyperliquid VVV	32.202	0.0100	get 0.0013% / 1h	15m 15s	$74.0M	$54.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.156%Rate

Funding earned: $0.84
Price spread: +0.156% → +0.002%: $15.46
Slippage, 4 orders: −$39.5
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$32.19
Costs to cover: 0.485%
Break-even: 275.3 days

Slippage from Lighter: live order book, 8 min ago; Hyperliquid: live order book, 8 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	2.93 bp	7.5 bp −$7	29.5 bp −$295	207.1 bp −$20.7K	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.16 bp	13.6 bp −$14	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
Kalshi KXVVVPERP	0.0000%	8h	32.160	+0.026%	$121K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.164	+0.039%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.148	−0.010%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.079%	$2K	$1K	5.5x	as long as short
Phoenix VVV	+0.0077%	1h	32.025	−0.394%	$56K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	32.140	−0.035%	$396K	$574K	5x	as long as short
01 Exchange VVVUSD	+0.0088%	1h	32.175	+0.072%	$11K	$3K	3x	as long as short
Lighter VVVlong	+0.0096%	1h	32.152	long leg	$2.2M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	32.141	−0.033%	$480K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.163	+0.035%	$149K	$781K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVVshort	+0.0100%	1h	32.202	+0.156%	$74.0M	$54.6M	3x
Aster VVVUSDT	+0.0100%	4h	32.163	+0.035%	$277K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.073	−0.246%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.154	+0.007%	$33.9M	$154.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.143	−0.027%	$39.6M	$52.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.155	+0.010%	$4.8M	$42.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.145	−0.021%	$10.9M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.147	−0.015%	$17.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.210	+0.181%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.145	−0.021%	$5.8M	$8.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.152	+0.001%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.022	−0.405%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.144	−0.024%	$144K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.144	−0.024%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.128	−0.074%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.067	−0.264%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.014	−0.429%	$80K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.166	+0.044%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.146	−0.016%	$6K	$13K	3x	as long as short
BloFin VVV-USDT	+0.0106%	4h	32.163	+0.035%	$1.3M	$1.7M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	32.142	−0.030%	$561K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	32.056	−0.297%	$212K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0270%	1h	32.080	−0.222%	$122K	$380K	5x	as long as short