Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.067%

Price spread now: Variational Omni against Lighter RH−0.093%7-day average −0.089% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.481%−$48 on $10k

Price spread, last 4 days (all we have)+0.560%+$56 · spread now −0.093%, 7d avg −0.089%

Together, before fees+0.079%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.982	0.0096	pay 0.0012% / 1h	0m 05s	$476K	$1.6M	5x
Short	Variational Omni VVV	31.952	0.0100	get 0.0050% / 4h	0m 05s	$2.1M	$183K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.093%Rate

Funding earned: $0.84
Price spread: −0.093% → −0.089%: −$0.43
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.41
Costs to cover: 0.000%
Break-even: 3.6 days

Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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	4.07 bp	4.1 bp −$4	14.4 bp −$144	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.88 bp	doesn't fit	57.5 bp −$575	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
Polymarket Perps VVV-USD	−0.0038%	1h	31.976	−0.019%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	0.0000%	1h	32.002	+0.063%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.996	+0.044%	$108K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.989	+0.022%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.992	+0.032%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.620%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.995	+0.042%	$393K	$604K	5x	as long as short
Lighter VVV	+0.0096%	1h	31.981	−0.002%	$2.2M	$6.1M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.982	long leg	$476K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	32.002	+0.064%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	32.018	+0.113%	$74.3M	$55.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.989	+0.023%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.011	+0.090%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.998	+0.049%	$33.5M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.989	+0.022%	$39.3M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.997	+0.047%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.989	+0.022%	$10.8M	$7.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.006	+0.075%	$6.5M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.988	+0.019%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.978	−0.013%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.004	+0.069%	—	$5.5M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.952	−0.093%	$2.1M	$183K	—
Derive VVV-PERP	+0.0100%	1h	31.992	+0.031%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.976	−0.019%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.009	+0.085%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.961	−0.067%	$79K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.994	+0.038%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.987	+0.016%	$6K	$13K	3x	as long as short
Phoenix VVV	+0.0124%	1h	31.948	−0.106%	$56K	$299K	5x	as long as short
BloFin VVV-USDT	+0.0126%	4h	31.982	0.000%	$1.3M	$1.8M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0138%	1h	32.020	+0.120%	$124K	$345K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.995	+0.040%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.925%	$242K	$1.3M	25x	as long as short