Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.080%

Price spread now: Lighter against OKX−0.107%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.386%+$39 on $10k

Price spread, last 7 days+0.174%+$17 · spread now −0.107%, 7d avg +0.074%

Together, before fees+0.560%+ Points / potential airdropLighter: Season 3 · farm board+$56 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 is 0.181% cheaper against OKX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	31.796	0.0100	pay 0.0050% / 4h	2h 25m	$4.7M	$41.6M	20x
Short	Lighter VVV	31.762	0.0096	get 0.0012% / 1h	25m 35s	$2.2M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$0.84
Price spread: −0.107% → +0.074%: −$18.06
Slippage, 4 orders: −$40.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$69.75
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 3 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 OKX live order book, 3 min ago	0.79 bp	15.1 bp −$15	77.6 bp −$776	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	3.47 bp	10.4 bp −$10	50.2 bp −$502	304.9 bp −$30.5K	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
Deribit VVV_USDC-PERPETUAL	−0.0039%	1h	31.789	−0.022%	$91K	$22K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.823	+0.085%	$118K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.794	−0.006%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.221%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	31.781	−0.047%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0074%	1h	31.812	+0.050%	$138K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.571	−0.708%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.766	−0.094%	$390K	$576K	5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.762	−0.107%	$2.2M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	31.740	−0.176%	$472K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDT	+0.0097%	4h	31.836	+0.126%	$1.3M	$1.7M	25x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.798	+0.006%	$146K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.783	−0.041%	$72.5M	$54.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.815	+0.060%	$278K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.773	−0.071%	$189K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.790	−0.019%	$33.6M	$154.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.782	−0.045%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	31.796	long leg	$4.7M	$41.6M	20x
Gate VVV_USDT	+0.0100%	4h	31.775	−0.066%	$10.7M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.745	−0.160%	$17.1M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.787	−0.028%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.742	−0.170%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.769	−0.085%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.543	−0.795%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.789	−0.021%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.762	−0.107%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.771	−0.080%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.765	−0.096%	$318K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.800	+0.012%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	31.836	+0.126%	$79K	$330K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.847	+0.159%	$205K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0270%	1h	31.790	−0.018%	$120K	$380K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0195%	1h	31.776	−0.063%	$543K	—	100x	as long as short