VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.26 per $10,000 · paid last 24h −0.075%

Price spread now: Polymarket Perps against Lighter+0.024%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.481%−$48 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.024%, 7d avg −0.092%

Together, before fees−0.444%+ Points / potential airdropLighter: Season 3 · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.117% dearer against Lighter than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.092%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.881	0.0096	pay 0.0012% / 1h	59m 34s	$2.1M	$5.1M	5x
Short	Polymarket Perps VVV-USD	30.889	−0.0108	pay 0.0014% / 1h	59m 34s	$129K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$42.86
Price spread: +0.024% → −0.092%: $11.67
Slippage, 4 orders: −$15.88
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$55.06
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Polymarket Perps: 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, 3 min ago	1.89 bp	3.0 bp −$3	34.9 bp −$349	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.58 bp	6.6 bp −$7	6.7 bp −$67	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	−0.0417%	1h	30.900	+0.059%	$381K	$638K	5x	as long as short
Polymarket Perps VVV-USDshort	−0.0108%	1h	30.889	+0.024%	$129K	$1.2M	3x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.891	+0.030%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.917	+0.116%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.277%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0036%	4h	30.919	+0.121%	$10.4M	$5.7M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.881	0.000%	$145K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0092%	4h	30.959	+0.251%	$1.3M	$1.6M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	30.881	long leg	$2.1M	$5.1M	5x
Lighter RH VVV	+0.0096%	1h	30.896	+0.047%	$452K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.905	+0.076%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.924	+0.139%	$142K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.909	+0.089%	$70.5M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.928	+0.149%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.901	+0.062%	$182K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.926	+0.143%	$33.2M	$128.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.900	+0.060%	$38.4M	$42.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.929	+0.154%	$4.8M	$32.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.917	+0.115%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.931	+0.160%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.897	+0.050%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.930	+0.157%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.997	+0.373%	$1.9M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.882	+0.001%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.918	+0.118%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.900	+0.060%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.934	+0.170%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	30.986	+0.340%	$77K	$335K	10x	as long as short
Kalshi KXVVVPERP	+0.0139%	8h	30.923	+0.134%	$106K	$5.6M	1.7x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	30.925	+0.141%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0160%	1h	30.908	+0.085%	$122K	$249K	5x	as long as short
Phoenix VVV	+0.0182%	1h	31.038	+0.507%	$32K	$245K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.899	+0.056%	$542K	—	100x	as long as short