VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.067%

Price spread now: Nado against Lighter+0.029%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.263%−$26 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now +0.029%, 7d avg −0.037%

Together, before fees−0.134%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$13 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: Nado is 0.066% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.645	0.0096	pay 0.0012% / 1h	45m 18s	$2.0M	$5.2M	5x
Short	Nado VVV-PERP	30.654	0.0100	get 0.0012% / 1h	45m 18s	$111K	$858K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.029%Rate

Funding earned: $0.84
Price spread: +0.029% → −0.037%: $6.62
Slippage, 4 orders: −$35.29
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$34.83
Costs to cover: 0.423%
Break-even: 297.3 days

Slippage from Lighter: live order book, 8 min ago; Nado: live order book, 13 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	0.81 bp	4.8 bp −$5	45.1 bp −$451	doesn't fit	doesn't fit
Sell Nado live order book, 13 min ago	9.75 bp	16.3 bp −$16	75.0 bp −$750	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
RISEx VVV/USDC	−0.0299%	1h	30.630	−0.048%	$376K	$637K	5x	as long as short
Polymarket Perps VVV-USD	−0.0125%	1h	30.640	−0.016%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0080%	1h	30.641	−0.014%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.643	−0.006%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	30.650	+0.016%	$11K	$3K	3x	as long as short
Gate VVV_USDT	+0.0020%	4h	30.614	−0.101%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.097%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.500	−0.473%	$147K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0087%	4h	30.659	+0.046%	$1.3M	$1.6M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	30.645	long leg	$2.0M	$5.2M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.651	+0.020%	$448K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.629	−0.053%	$3K	$73	5x	as long as short
Nado VVV-PERPshort	+0.0100%	1h	30.654	+0.029%	$111K	$858K	3x
Hyperliquid VVV	+0.0100%	1h	30.656	+0.036%	$69.9M	$50.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.666	+0.070%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.655	+0.032%	$181K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.660	+0.049%	$32.7M	$133.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.645	+0.001%	$38.1M	$44.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.658	+0.042%	$4.7M	$34.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.651	+0.020%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.642	−0.010%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.638	−0.023%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.652	+0.023%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.612	−0.107%	$1.9M	$286K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.643	−0.008%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.655	+0.033%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.644	−0.002%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.633	−0.040%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	30.603	−0.138%	$76K	$335K	10x	as long as short
Kalshi KXVVVPERP	+0.0159%	8h	30.664	+0.062%	$102K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.636	−0.030%	$552K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.622	−0.075%	$33K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0258%	1h	30.673	+0.091%	$119K	$258K	5x	as long as short