Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.003%

Price spread now: BloFin against Lighter RH+0.082%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.082%, 7d avg −0.047%

Together, before fees−0.343%+ Points / potential airdropLighter RH: Points live · farm board−$34 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: BloFin is 0.128% dearer against Lighter RH than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	30.659	0.0096	pay 0.0012% / 1h	52m 59s	$447K	$1.6M	5x
Short	BloFin VVV-USDT	30.684	0.0095	get 0.0048% / 4h	2h 52m	$1.3M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$0.21
Price spread: +0.082% → −0.047%: $12.83
Slippage, 4 orders: −$28.52
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.89
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	4.23 bp	7.7 bp −$8	22.8 bp −$228	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.32 bp	16.5 bp −$17	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
RISEx VVV/USDC	−0.0329%	1h	30.595	−0.208%	$378K	$646K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.723	+0.209%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.663	+0.015%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.660	+0.004%	$21K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0020%	1h	30.614	−0.147%	$118K	$1.4M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.049%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	30.609	−0.163%	$11K	$3K	3x	as long as short
BloFin VVV-USDTshort	+0.0095%	4h	30.684	+0.082%	$1.3M	$1.5M	25x
Lighter VVV	+0.0096%	1h	30.658	−0.005%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	30.659	long leg	$447K	$1.6M	5x

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	30.616	−0.140%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.636	−0.075%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.677	+0.059%	$69.2M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.679	+0.065%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.638	−0.067%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.707	+0.156%	$33.1M	$123.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.695	+0.116%	$38.0M	$42.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.697	+0.124%	$4.8M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.663	+0.013%	$10.6M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.692	+0.108%	$6.3M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.660	+0.003%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.668	+0.029%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.703	+0.144%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.690	+0.100%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.654	−0.016%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.659	0.000%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.685	+0.085%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.666	+0.023%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	30.670	+0.037%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.686	+0.088%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0263%	8h	30.646	−0.042%	$94K	$5.6M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0415%	1h	30.696	+0.120%	$119K	$240K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.656	−0.011%	$534K	—	100x	as long as short