Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.050%

Price spread now: Gate against Lighter RH+0.013%7-day average −0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.629%−$63 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.013%, 7d avg −0.119%

Together, before fees−0.751%+ Points / potential airdropLighter RH: Points live · farm board−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.132% dearer against Lighter RH than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.119%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 7 days (−0.629% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	30.587	0.0096	pay 0.0012% / 1h	49m 35s	$459K	$1.5M	5x
Short	Gate VVV_USDT	30.591	0.0026	get 0.0013% / 4h	49m 35s	$10.3M	$5.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$14.7
Price spread: +0.013% → −0.119%: $13.21
Slippage, 4 orders: −$61.87
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.36
Costs to cover: 0.769%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 3 min ago; Gate: 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, 3 min ago	4.08 bp	15.0 bp −$15	23.8 bp −$238	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	7.95 bp	27.3 bp −$27	131.2 bp −$1,312	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	−0.0299%	1h	30.559	−0.092%	$375K	$642K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0174%	1h	30.651	+0.208%	$85K	$24K	10x	as long as short
Polymarket Perps VVV-USD	−0.0131%	1h	30.567	−0.065%	$125K	$1.2M	3x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.646	+0.192%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	30.566	−0.069%	$11K	$3K	3x	as long as short
Gate VVV_USDTshort	+0.0026%	4h	30.591	+0.013%	$10.3M	$5.9M	25x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.300%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.600	+0.043%	$150K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0070%	4h	30.713	+0.412%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.588	+0.003%	$2.0M	$5.2M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVVlong	+0.0096%	1h	30.587	long leg	$459K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	30.574	−0.043%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.594	+0.025%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.597	+0.033%	$70.1M	$50.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.655	+0.223%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.636	+0.160%	$181K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.581	−0.020%	$32.5M	$133.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.559	−0.092%	$38.0M	$44.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.599	+0.039%	$4.7M	$34.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.601	+0.046%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.611	+0.078%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.563	−0.078%	$5.6M	$7.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.594	+0.023%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.687	+0.326%	$1.9M	$279K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.653	+0.217%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.697	+0.360%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.579	−0.025%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.689	+0.335%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	30.818	+0.754%	$77K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0162%	8h	30.716	+0.422%	$106K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.638	+0.166%	$553K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.679	+0.301%	$35K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0324%	1h	30.688	+0.331%	$120K	$257K	5x	as long as short