Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.079%

Price spread now: OKX against Lighter−0.062%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.383%−$38 on $10k

Price spread, last 7 days−0.063%−$6 · spread now −0.062%, 7d avg −0.073%

Together, before fees−0.446%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	32.396	0.0096	pay 0.0012% / 1h	32m 22s	$2.3M	$5.5M	5x
Short	OKX VVV-USDT-SWAP	32.376	0.0100	get 0.0050% / 4h	1h 32m	$4.8M	$42.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0.84
Price spread: −0.062% → −0.073%: $1.1
Slippage, 4 orders: −$40.05
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.11
Costs to cover: 0.500%
Break-even: 407.9 days

Slippage from Lighter: live order book, 6 min ago; OKX: 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	2.82 bp	9.7 bp −$10	42.6 bp −$426	256.9 bp −$25.7K	doesn't fit
Sell OKX live order book, 1 min ago	1.69 bp	12.8 bp −$13	56.3 bp −$563	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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.382	−0.044%	$92K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.384	−0.037%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.308%	$2K	$1K	5.5x	as long as short
Lighter VVVlong	+0.0096%	1h	32.396	long leg	$2.3M	$5.5M	5x
Lighter RH VVV	+0.0096%	1h	32.385	−0.035%	$481K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.604	+0.641%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.380	−0.050%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.439	+0.131%	$270K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.378	−0.056%	$186K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.382	−0.044%	$33.9M	$156.9M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.372	−0.075%	$39.9M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	32.376	−0.062%	$4.8M	$42.9M	20x
Gate VVV_USDT	+0.0100%	4h	32.379	−0.053%	$11.0M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.390	−0.019%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.378	−0.056%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.371	−0.078%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.390	−0.019%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.549	+0.471%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.385	−0.035%	$131K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.386	−0.033%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.267	−0.399%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.400	+0.013%	$3K	$106	5x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	32.512	+0.357%	$102K	$6.8M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.377	−0.058%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.410	+0.041%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.634	+0.734%	$81K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.346	−0.154%	$199K	$1.1M	25x	as long as short
BloFin VVV-USDT	+0.0158%	4h	32.308	−0.272%	$1.3M	$1.8M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.380	−0.051%	$397K	$597K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0188% / S +0.0166%	1h	32.387	−0.030%	$623K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0306%	1h	32.395	−0.003%	$122K	$376K	5x	as long as short
01 Exchange VVVUSD	+0.0480%	1h	32.412	+0.049%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0618%	1h	32.416	+0.060%	$75.7M	$55.6M	3x	as long as short