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: Variational Omni against Lighter−0.194%7-day average −0.108% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.282%−$28 on $10k

Price spread, last 7 days−0.027%−$3 · spread now −0.194%, 7d avg −0.108%

Together, before fees−0.308%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$31 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: Variational Omni is 0.086% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.962	0.0096	pay 0.0012% / 1h	16m 08s	$2.2M	$5.9M	5x
Short	Variational Omni VVV	31.900	0.0100	get 0.0050% / 4h	3h 16m	$2.1M	$190K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.194%Rate

Funding earned: $0.84
Price spread: −0.194% → −0.108%: −$8.62
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.78
Costs to cover: 0.000%
Break-even: 71.8 days

Slippage unknown: Lighter: live order book, 7 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 7 min ago	2.00 bp	3.5 bp −$3	29.1 bp −$291	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.75 bp	doesn't fit	44.8 bp −$448	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
Polymarket Perps VVV-USD	−0.0253%	1h	31.898	−0.199%	$146K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0166%	1h	31.926	−0.110%	$90K	$23K	10x	as long as short
Gate VVV_USDT	−0.0086%	4h	31.910	−0.161%	$10.7M	$7.4M	25x	as long as short
Bybit VVVUSDT	−0.0066%	4h	31.966	+0.013%	$39.2M	$51.5M	20x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.929	−0.102%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.904	−0.179%	$392K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.012	+0.158%	$111K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.896	−0.205%	$56K	$298K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.950	−0.037%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.686%	$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
Lighter VVVlong	+0.0096%	1h	31.962	long leg	$2.2M	$5.9M	5x
Lighter RH VVV	+0.0096%	1h	31.960	−0.005%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.914	−0.147%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.938	−0.074%	$74.2M	$55.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.928	−0.105%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.955	−0.019%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.967	+0.016%	$33.6M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.962	+0.002%	$4.7M	$41.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.968	+0.020%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.929	−0.102%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.967	+0.017%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.934	−0.086%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.977	+0.049%	$123K	$333K	5x	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.900	−0.194%	$2.1M	$190K	—
Derive VVV-PERP	+0.0100%	1h	31.934	−0.087%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.987	+0.080%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.908	−0.169%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.940	−0.066%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.955	−0.019%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	32.008	+0.145%	$80K	$334K	10x	as long as short
BloFin VVV-USDT	+0.0129%	4h	31.965	+0.011%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.948	−0.042%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.090	+0.404%	$247K	$1.3M	25x	as long as short