VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0408%/8h= +44.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.079%

Price spread now: Backpack against Lighter RH+0.061%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Lighter RH Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.061%, 7d avg −0.015%

Together, before fees−0.020%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Backpack is 0.075% dearer against Lighter RH than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.015%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.156% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.469	0.0096	pay 0.0012% / 1h	38m 53s	$462K	$1.6M	5x
Short	Backpack VVV_USDC_PERP	31.488	0.0504	get 0.0063% / 1h	38m 53s	$150K	$264K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter RH. 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 Lighter RHbpFee BackpackbpOrdersPrice spread, now +0.061%Rate

Funding earned: $85.59
Price spread: +0.061% → −0.015%: $7.52
Slippage, 4 orders: −$36.6
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $46.51
Costs to cover: 0.466%
Break-even: 3.2 days

Slippage from Lighter RH: live order book, 4 min ago; Backpack: 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 RH live order book, 4 min ago	3.18 bp	5.0 bp −$5	17.7 bp −$177	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	2.62 bp	18.3 bp −$18	doesn't fit	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.588	+0.377%	$190K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.455	−0.046%	$386K	$646K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.482	+0.041%	$87K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.468	−0.003%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.467	−0.006%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.472	+0.010%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.293%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.381	−0.281%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.469	long leg	$462K	$1.6M	5x
BloFin VVV-USDT	+0.0099%	4h	31.479	+0.032%	$1.4M	$1.5M	25x	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	31.476	+0.021%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.488	+0.062%	$163K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.431	−0.121%	$70.7M	$47.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.460	−0.027%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.486	+0.054%	$186K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.433	−0.115%	$33.9M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.388	−0.256%	$38.6M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.400	−0.219%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.434	−0.111%	$11.2M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.457	−0.038%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.474	+0.016%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.403	−0.210%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.445	−0.076%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.470	+0.005%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.462	−0.022%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.468	−0.003%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.475	+0.019%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.450	−0.061%	$301K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.479	+0.032%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.503	+0.107%	$78K	$331K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.505	+0.114%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0429% / S −0.0201%	1h	31.466	−0.009%	$503K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0504%	1h	31.488	+0.061%	$150K	$264K	5x