VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%

Price spread now: Phoenix against Lighter RH−0.025%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 3 days (all we have)−0.193%−$19 · spread now −0.025%, 7d avg −0.072%

Together, before fees−0.363%+ Points / potential airdropLighter RH: Points live · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.047% dearer against Lighter RH than usual: you sell high and buy low (spread −0.025% now, against its 7-day average of −0.072%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.2 days. At the pace of the last 7 days (−0.170% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.959	0.0096	pay 0.0012% / 1h	23m 31s	$476K	$1.6M	5x
Short	Phoenix VVV	31.951	0.0077	get 0.0010% / 1h	23m 31s	$56K	$292K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$3.98
Price spread: −0.025% → −0.072%: $4.69
Slippage, 4 orders: −$46.58
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$52.88
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Phoenix: live order book, 61 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	4.71 bp	6.6 bp −$7	17.6 bp −$176	doesn't fit	doesn't fit
Sell Phoenix live order book, 61 min ago	2.87 bp	19.9 bp −$20	57.6 bp −$576	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
Kalshi KXVVVPERP	0.0000%	8h	31.927	−0.100%	$119K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.971	+0.038%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.996	+0.116%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.694%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	32.008	+0.153%	$11K	$3K	3x	as long as short
Phoenix VVVshort	+0.0077%	1h	31.951	−0.025%	$56K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	31.982	+0.072%	$393K	$576K	5x	as long as short
Polymarket Perps VVV-USD	+0.0085%	1h	31.975	+0.050%	$143K	$1.2M	3x	as long as short
Lighter VVV	+0.0096%	1h	31.995	+0.114%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.959	long leg	$476K	$1.6M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.972	+0.041%	$148K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.037	+0.244%	$73.1M	$54.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.990	+0.096%	$280K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.984	+0.077%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.996	+0.116%	$33.8M	$154.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.982	+0.071%	$39.4M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.981	+0.069%	$4.8M	$41.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.972	+0.041%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.992	+0.103%	$17.2M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.972	+0.041%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.980	+0.066%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.984	+0.078%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.838	−0.379%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.953	−0.018%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.866	−0.291%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.990	+0.097%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.982	+0.073%	$320K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.950	−0.028%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	31.836	−0.385%	$79K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0138%	4h	31.835	−0.388%	$1.3M	$1.7M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	31.996	+0.114%	$559K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.847	−0.352%	$205K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0261%	1h	31.948	−0.034%	$121K	$380K	5x	as long as short