Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h −0.004%

Price spread now: edgeX against Lighter RH+0.397%80s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.993% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.448%−$45 on $10k

Price spread, last 4 days (all we have)−0.548%−$55 · spread now +0.397%, 7d avg −0.033%

Together, before fees−0.995%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board−$100 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: edgeX is 0.430% dearer against Lighter RH than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	30.631	0.0096	pay 0.0012% / 1h	53m 50s	$446K	$1.6M	5x
Short	edgeX VVVUSDC	30.752	0.0104	get 0.0052% / 4h	2h 53m	$76K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.397%Rate

Funding earned: $1.58
Price spread: +0.397% → −0.033%: $42.96
Slippage, 4 orders: −$90.27
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$54.73
Costs to cover: 0.993%
Break-even: 248.9 days

Slippage from Lighter RH: live order book, 4 min ago; edgeX: live order book, 59 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	4.23 bp	7.7 bp −$8	22.8 bp −$228	doesn't fit	doesn't fit
Sell edgeX live order book, 59 min ago	0.81 bp	39.4 bp −$39	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	30.605	−0.086%	$378K	$646K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.723	+0.301%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.620	−0.035%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.628	−0.009%	$21K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0009%	1h	30.604	−0.088%	$118K	$1.4M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.146%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0056%	1h	30.615	−0.052%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0081%	4h	30.675	+0.144%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.631	−0.001%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	30.631	long leg	$446K	$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	30.623	−0.025%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.637	+0.020%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.627	−0.013%	$69.1M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.621	−0.033%	$243K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.648	+0.057%	$181K	$131K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.631	0.000%	$33.0M	$124.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.604	−0.088%	$37.9M	$42.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.622	−0.029%	$4.8M	$30.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.625	−0.020%	$10.6M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.638	+0.023%	$6.3M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.638	+0.023%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.615	−0.052%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.626	−0.016%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.690	+0.191%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.618	−0.044%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.626	−0.016%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDCshort	+0.0104%	4h	30.752	+0.397%	$76K	$332K	10x
Extended VVV-USD	+0.0104%	1h	30.625	−0.021%	$299K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.628	−0.008%	$6K	—	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.686	+0.180%	$32K	$243K	5x	as long as short
Kalshi KXVVVPERP	+0.0276%	8h	30.660	+0.095%	$94K	$5.6M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.620	−0.037%	$534K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0428%	1h	30.647	+0.052%	$119K	$240K	5x	as long as short