Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.037%

Price spread now: Binance against Lighter RH−0.023%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.484%−$48 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.023%, 7d avg −0.069%

Together, before fees−0.632%+ Points / potential airdropLighter RH: Points live · farm board−$63 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: Binance is 0.046% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.828	0.0096	pay 0.0012% / 1h	26m 30s	$474K	$1.6M	5x
Short	Binance VVVUSDT	31.821	0.0100	get 0.0050% / 4h	2h 26m	$33.6M	$154.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.023%Rate

Funding earned: $0.84
Price spread: −0.023% → −0.069%: $4.61
Slippage, 4 orders: −$28.87
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.42
Costs to cover: 0.389%
Break-even: 285.5 days

Slippage from Lighter RH: live order book, 1 min ago; Binance: live order book, 2 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, 1 min ago	4.71 bp	6.6 bp −$7	17.6 bp −$176	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.16 bp	11.7 bp −$12	47.8 bp −$478	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
Kalshi KXVVVPERP	0.0000%	8h	31.870	+0.132%	$118K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.831	+0.009%	$91K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.841	+0.042%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.834	+0.019%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.117%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0074%	1h	31.812	−0.050%	$138K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.571	−0.807%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.822	−0.020%	$391K	$576K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.856	+0.087%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.828	long leg	$474K	$1.6M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0097%	4h	31.836	+0.025%	$1.3M	$1.7M	25x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.798	−0.094%	$146K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.824	−0.013%	$72.5M	$54.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.841	+0.041%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.860	+0.101%	$189K	$176K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	31.821	−0.023%	$33.6M	$154.5M	25x
Bybit VVVUSDT	+0.0100%	4h	31.815	−0.041%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.793	−0.110%	$4.7M	$41.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.840	+0.038%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.820	−0.025%	$17.1M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.839	+0.035%	$2.2M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.800	−0.088%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.846	+0.057%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.543	−0.895%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.836	+0.025%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.774	−0.170%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.838	+0.031%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.832	+0.013%	$318K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.851	+0.073%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	31.561	−0.838%	$78K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.671	−0.494%	$197K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0264%	1h	31.866	+0.120%	$120K	$380K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0195%	1h	31.836	+0.025%	$544K	—	100x	as long as short