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 −0.079%

Price spread now: Paradex against Lighter+0.091%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.091% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.919	0.0096	pay 0.0012% / 1h	56m 43s	$2.2M	$5.9M	5x
Short	Paradex VVV-USD-PERP	31.948	0.0100	get 0.0100% / 8h	7h 56m	$3K	$106	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0.84
Price spread: +0.091% → 0.000%: $9.11
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $5.95
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Lighter: live order book, 11 min ago; Paradex: no order-book sample. Net counts fees only.

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, 11 min ago	1.85 bp	3.4 bp −$3	32.7 bp −$327	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0199%	1h	31.914	−0.015%	$146K	$1.2M	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.960	+0.130%	$393K	$599K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.980	+0.192%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.947	+0.088%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.908	−0.034%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.922	+0.009%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.823%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0087%	4h	31.937	+0.057%	$1.3M	$1.8M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	31.919	long leg	$2.2M	$5.9M	5x
Lighter RH VVV	+0.0096%	1h	31.928	+0.029%	$475K	$1.6M	5x	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	31.942	+0.074%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.949	+0.095%	$74.1M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.939	+0.065%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.952	+0.103%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.956	+0.117%	$33.5M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.950	+0.097%	$39.2M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.967	+0.151%	$4.7M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.947	+0.088%	$10.7M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.957	+0.120%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.931	+0.038%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.947	+0.088%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.972	+0.167%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.962	+0.136%	$124K	$339K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.952	+0.105%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.915	−0.013%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.902	−0.053%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPshort	+0.0100%	8h	31.948	+0.091%	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	31.956	+0.118%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.952	+0.103%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	31.960	+0.129%	$79K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	31.987	+0.214%	$56K	$295K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.937	+0.058%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.278	+1.124%	$242K	$1.3M	25x	as long as short