Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.079%

Price spread now: KuCoin against Lighter−0.044%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$860.861% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$37 on $10k

Price spread, last 7 days+0.267%+$27 · spread now −0.044%, 7d avg −0.069%

Together, before fees−0.108%+ Points / potential airdropLighter: Season 3 · farm board−$11 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: KuCoin is 0.026% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.700	0.0096	pay 0.0012% / 1h	20m 56s	$2.1M	$5.6M	5x
Short	KuCoin VVVUSDTM	31.686	0.0100	get 0.0050% / 4h	2h 20m	$1.8M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0.84
Price spread: −0.044% → −0.069%: $2.55
Slippage, 4 orders: −$74.07
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$82.68
Costs to cover: 0.861%
Break-even: 696.0 days

Slippage from Lighter: live order book, 7 min ago; KuCoin: live order book, 11 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	2.01 bp	4.3 bp −$4	24.6 bp −$246	275.7 bp −$27.6K	doesn't fit
Sell KuCoin live order book, 11 min ago	11.30 bp	39.8 bp −$40	198.9 bp −$1,989	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	31.709	+0.029%	$389K	$634K	5x	as long as short
Gate VVV_USDT	−0.0044%	4h	31.706	+0.020%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0022%	1h	31.711	+0.035%	$136K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.739	+0.124%	$119K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.792	+0.291%	$48K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.695	−0.014%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.717	+0.053%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.534%	$2K	$1K	5.5x	as long as short
Lighter VVVlong	+0.0096%	1h	31.700	long leg	$2.1M	$5.6M	5x
Lighter RH VVV	+0.0096%	1h	31.691	−0.028%	$468K	$1.5M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.725	+0.081%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.710	+0.032%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.745	+0.143%	$73.2M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.706	+0.020%	$257K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.733	+0.105%	$190K	$163K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.724	+0.076%	$33.7M	$149.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.716	+0.051%	$38.8M	$50.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.731	+0.098%	$4.7M	$40.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.720	+0.064%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	31.686	−0.044%	$1.8M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	31.722	+0.070%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.735	+0.111%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.702	+0.007%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.700	+0.001%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.713	+0.042%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.713	+0.043%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.698	−0.006%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.653	−0.149%	$79K	$335K	10x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.731	+0.098%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.696	−0.012%	$573K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.711	+0.035%	$232K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0294%	1h	31.734	+0.107%	$123K	$317K	5x	as long as short