Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Lighter RH against MEXC−0.061%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on MEXC Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.470%+$47 on $10k

Price spread, last 7 days−0.076%−$8 · spread now −0.061%, 7d avg +0.017%

Together, before fees+0.394%+ Points / potential airdropLighter RH: Points live · farm board+$39 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: Lighter RH is 0.078% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	31.285	0.0100	pay 0.0050% / 4h	1h 58m	$6.6M	$5.6M	50x
Short	Lighter RH VVV	31.266	0.0096	get 0.0012% / 1h	58m 02s	$459K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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 MEXCbpFee Lighter RHbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$0.84
Price spread: −0.061% → +0.017%: −$7.75
Slippage, 4 orders: −$23.45
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$32.04
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Lighter RH: live order book, 5 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 MEXC live order book, 5 min ago	0.48 bp	3.9 bp −$4	60.0 bp −$600	230.3 bp −$23.0K	doesn't fit
Sell Lighter RH live order book, 5 min ago	3.19 bp	4.9 bp −$5	15.8 bp −$158	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.334	+0.156%	$191K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.270	−0.047%	$384K	$648K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.257	−0.091%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.259	−0.084%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.907%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	31.292	+0.022%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	31.251	−0.108%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.266	−0.061%	$459K	$1.6M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.282	−0.009%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.303	+0.059%	$162K	$898K	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	31.295	+0.031%	$70.4M	$48.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.293	+0.027%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.306	+0.067%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.272	−0.041%	$33.8M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.264	−0.067%	$38.5M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.260	−0.080%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.260	−0.080%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	31.285	long leg	$6.6M	$5.6M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.284	−0.003%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.255	−0.096%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.277	−0.026%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.291	+0.020%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.262	−0.074%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.253	−0.102%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.267	−0.058%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.269	−0.050%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.271	−0.045%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0118%	4h	31.271	−0.045%	$1.3M	$1.5M	25x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.345	+0.190%	$78K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0122%	8h	31.290	+0.016%	$96K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.393	+0.345%	$33K	$231K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0199%	1h	31.246	−0.125%	$500K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0519%	1h	31.298	+0.041%	$149K	$264K	5x	as long as short