Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.054%

Price spread now: MEXC against Lighter+0.070%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 7 days−0.129%−$13 · spread now +0.070%, 7d avg −0.038%

Together, before fees−0.447%+ Points / potential airdropLighter: Season 3 · farm board−$45 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: MEXC is 0.108% dearer against Lighter than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.888	0.0096	pay 0.0012% / 1h	8m 35s	$2.2M	$5.9M	5x
Short	MEXC VVV_USDT	31.910	0.0100	get 0.0050% / 4h	3h 08m	$6.5M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0.84
Price spread: +0.070% → −0.038%: $10.82
Slippage, 4 orders: −$20.33
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$8.67
Costs to cover: 0.203%
Break-even: 79.2 days

Slippage from Lighter: live order book, 5 min ago; MEXC: 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, 5 min ago	1.93 bp	3.1 bp −$3	38.9 bp −$389	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.63 bp	9.2 bp −$9	63.8 bp −$638	238.4 bp −$23.8K	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
Polymarket Perps VVV-USD	−0.0235%	1h	31.894	+0.020%	$159K	$1.2M	3x	as long as short
Bybit VVVUSDT	−0.0171%	4h	31.904	+0.051%	$39.0M	$51.6M	20x	as long as short
Gate VVV_USDT	−0.0138%	4h	31.900	+0.039%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.915	+0.085%	$392K	$600K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.950	+0.196%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.927	+0.124%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.867	−0.065%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.903	+0.050%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.896	+0.026%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.924%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0045%	4h	31.896	+0.026%	$1.3M	$1.8M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	31.888	long leg	$2.2M	$5.9M	5x
Lighter RH VVV	+0.0096%	1h	31.907	+0.061%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.921	+0.105%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.924	+0.114%	$74.1M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.910	+0.070%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.919	+0.099%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.911	+0.074%	$33.5M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.906	+0.058%	$4.7M	$41.4M	20x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	31.910	+0.070%	$6.5M	$7.0M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.910	+0.070%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.904	+0.051%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.930	+0.133%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.917	+0.092%	$123K	$334K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.923	+0.112%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.904	+0.053%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.931	+0.136%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.918	+0.095%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.916	+0.090%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.903	+0.048%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.953	+0.206%	$79K	$333K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.894	+0.020%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.903	+0.047%	$245K	$1.2M	25x	as long as short