Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: Lighter RH against Lighter−0.090%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.090%, 7d avg +0.023%

Together, before fees+0.298%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$30 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: Lighter RH is 0.113% cheaper against Lighter than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	32.361	0.0096	pay 0.0012% / 1h	46m 56s	$2.3M	$5.5M	5x
Short	Lighter RH VVV	32.332	0.0096	get 0.0012% / 1h	46m 56s	$481K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → +0.023%: −$11.25
Slippage, 4 orders: −$42.93
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$54.18
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Lighter RH: live order book, 1 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, 6 min ago	3.96 bp	7.4 bp −$7	35.9 bp −$359	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	7.27 bp	12.1 bp −$12	23.9 bp −$239	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	32.352	−0.028%	$112K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.329	−0.098%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.335	−0.079%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0016%	1h	32.327	−0.105%	$148K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.418%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.350	−0.035%	$397K	$603K	5x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	32.357	−0.012%	$12K	$3K	3x	as long as short
Lighter VVVlong	+0.0096%	1h	32.361	long leg	$2.3M	$5.5M	5x
Lighter RH VVVshort	+0.0096%	1h	32.332	−0.090%	$481K	$1.6M	5x
BloFin VVV-USDT	+0.0098%	4h	32.340	−0.065%	$1.3M	$1.8M	25x	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	32.349	−0.036%	$136K	$815K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.376	+0.046%	$75.0M	$55.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.368	+0.020%	$266K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.344	−0.054%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.351	−0.032%	$33.8M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.336	−0.077%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.333	−0.087%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.343	−0.056%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.348	−0.040%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.372	+0.034%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.337	−0.074%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.341	−0.062%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.313	−0.147%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.333	−0.086%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.343	−0.056%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.366	+0.017%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.327	−0.107%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.334	−0.083%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	32.298	−0.195%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.322	−0.121%	$57K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0158%	1h	32.371	+0.032%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0183% / S +0.0171%	1h	32.333	−0.086%	$622K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.257%	$242K	$1.3M	25x	as long as short