Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: KuCoin against Lighter RH−0.040%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1101.104% of the position

Long on Lighter RH Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.528%−$53 on $10k

Price spread, last 7 days+0.085%+$9 · spread now −0.040%, 7d avg −0.062%

Together, before fees−0.442%+ Points / potential airdropLighter RH: Points live · farm board−$44 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: KuCoin is 0.022% dearer against Lighter RH than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	32.176	0.0096	pay 0.0012% / 1h	52m 48s	$486K	$1.4M	5x
Short	KuCoin VVVUSDTM	32.163	0.0100	get 0.0050% / 4h	1h 52m	$1.7M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0.84
Price spread: −0.040% → −0.062%: $2.19
Slippage, 4 orders: −$98.36
Fee Lighter RH: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$107.34
Costs to cover: 1.104%
Break-even: 901.5 days

Slippage from Lighter RH: live order book, 3 min ago; KuCoin: 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, 3 min ago	3.57 bp	4.9 bp −$5	20.5 bp −$205	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	11.64 bp	45.8 bp −$46	302.6 bp −$3,026	doesn't fit	doesn't fit

VVV on 32 exchanges

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
Deribit VVV_USDC-PERPETUAL	−0.0247%	1h	32.165	−0.033%	$87K	$19K	10x	as long as short
RISEx VVV/USDC	−0.0142%	1h	32.173	−0.010%	$394K	$730K	5x	as long as short
Gate VVV_USDT	−0.0034%	4h	32.135	−0.127%	$12.7M	$5.0M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.217	+0.127%	$181K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.164	−0.038%	$19K	—	150x	as long as short
Coinbase International VVV-PERP-INTX	+0.0024%	1h	32.449	+0.847%	$160K	$1.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.001%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0053%	4h	32.175	−0.003%	$1.3M	$1.5M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.167	−0.029%	$2.0M	$3.8M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	32.176	long leg	$486K	$1.4M	5x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.222	+0.145%	$192K	$904K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.153	−0.073%	$254K	$508K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.239	+0.195%	$190K	$112K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.145	−0.097%	$33.6M	$100.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.130	−0.145%	$38.1M	$39.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.130	−0.143%	$4.8M	$24.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.151	−0.078%	$7.8M	$4.4M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	32.163	−0.040%	$1.7M	$2.6M	20x
Bitget VVVUSDT	+0.0100%	4h	32.139	−0.115%	$5.9M	$5.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.146	−0.093%	—	$4.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.231	+0.172%	$2.0M	$333K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.211	+0.109%	$132K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.212	+0.112%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.222	+0.142%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.141	−0.109%	$306K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.177	+0.003%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.344	+0.521%	$80K	$320K	10x	as long as short
Phoenix VVV	+0.0198%	1h	32.264	+0.273%	$33K	$192K	5x	as long as short
01 Exchange VVVUSD	+0.0408%	1h	32.231	+0.171%	$12K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.181	+0.014%	$518K	—	100x	as long as short
Hyperliquid VVV	+0.0515%	1h	32.182	+0.019%	$75.1M	$45.3M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0651%	1h	32.200	+0.075%	$173K	$268K	5x	as long as short