Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.036%

Price spread now: BingX against Lighter RH−0.028%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Lighter RH Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.476%−$48 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now −0.028%, 7d avg −0.091%

Together, before fees−0.636%+ Points / potential airdropLighter RH: Points live · farm board−$64 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: BingX is 0.063% dearer against Lighter RH than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.996	0.0096	pay 0.0012% / 1h	0m 45s	$476K	$1.6M	5x
Short	BingX VVV-USDT	31.987	0.0100	get 0.0050% / 4h	0m 45s	—	$5.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0.84
Price spread: −0.028% → −0.091%: $6.27
Slippage, 4 orders: −$25.91
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.8
Costs to cover: 0.359%
Break-even: 247.0 days

Slippage from Lighter RH: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago	4.07 bp	4.1 bp −$4	14.4 bp −$144	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.16 bp	15.7 bp −$16	36.0 bp −$360	213.4 bp −$21.3K	532.4 bp −$266.2K

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	−0.0037%	1h	31.947	−0.153%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.964	−0.100%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.967	−0.091%	$107K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.966	−0.093%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.957	−0.122%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.575%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.961	−0.108%	$393K	$605K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.991	−0.015%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.996	long leg	$476K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	31.980	−0.048%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.027	+0.097%	$74.3M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.974	−0.070%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.973	−0.072%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.005	+0.027%	$33.6M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.982	−0.044%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.000	+0.013%	$4.7M	$42.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.983	−0.041%	$10.8M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.987	−0.028%	$6.5M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.960	−0.113%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.981	−0.047%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.987	−0.028%	—	$5.5M	—
Variational Omni VVV	+0.0100%	4h	31.952	−0.137%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.967	−0.089%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.956	−0.125%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.956	−0.125%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.961	−0.111%	$79K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.985	−0.034%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.954	−0.131%	$6K	$13K	3x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	−0.150%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0126%	4h	31.982	−0.044%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0131%	1h	32.010	+0.044%	$124K	$345K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.964	−0.099%	$578K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.880%	$242K	$1.3M	25x	as long as short