Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.050%

Price spread now: Phemex against Lighter RH+0.007%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1081.084% of the position

Long on Lighter RH Short on Phemex

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.007%, 7d avg −0.049%

Together, before fees−0.534%+ Points / potential airdropLighter RH: Points live · farm board−$53 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: Phemex is 0.055% 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 −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	30.745	0.0096	pay 0.0012% / 1h	42m 07s	$450K	$1.6M	5x
Short	Phemex VVVUSDT	30.747	0.0100	get 0.0050% / 4h	42m 07s	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0.84
Price spread: +0.007% → −0.049%: $5.55
Slippage, 4 orders: −$96.37
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$101.98
Costs to cover: 1.084%
Break-even: 856.8 days

Slippage from Lighter RH: live order book, 1 min ago; Phemex: live order book, 1 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, 1 min ago	2.60 bp	8.9 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	1.96 bp	40.5 bp −$41	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	−0.0299%	1h	30.717	−0.092%	$377K	$632K	5x	as long as short
Polymarket Perps VVV-USD	−0.0086%	1h	30.722	−0.075%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.737	−0.025%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.735	−0.034%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	30.745	0.000%	$11K	$3K	3x	as long as short
Gate VVV_USDT	+0.0032%	4h	30.743	−0.007%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.749%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.533	−0.689%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.739	−0.019%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	30.745	long leg	$450K	$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	30.738	−0.022%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.749	+0.015%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.755	+0.033%	$70.2M	$50.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.767	+0.072%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.752	+0.024%	$181K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.753	+0.027%	$32.8M	$132.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.740	−0.016%	$38.3M	$44.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.764	+0.062%	$4.8M	$34.3M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.753	+0.026%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.744	−0.003%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.732	−0.042%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.758	+0.042%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.612	−0.431%	$1.9M	$286K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.733	−0.040%	$3K	$3K	5x	as long as short
Phemex VVVUSDTshort	+0.0100%	4h	30.747	+0.007%	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.739	−0.021%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.773	+0.089%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	30.603	−0.463%	$76K	$335K	10x	as long as short
BloFin VVV-USDT	+0.0133%	4h	30.723	−0.072%	$1.3M	$1.6M	25x	as long as short
Kalshi KXVVVPERP	+0.0160%	8h	30.760	+0.049%	$102K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.728	−0.054%	$554K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.622	−0.400%	$32K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0268%	1h	30.771	+0.084%	$120K	$255K	5x	as long as short