Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.079%

Price spread now: Lighter against Paradex−0.043%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.043% cheaper against Paradex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	31.901	0.0100	pay 0.0100% / 8h	7h 09m	$3K	$106	5x
Short	Lighter VVV	31.887	0.0096	get 0.0012% / 1h	9m 03s	$2.2M	$5.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$0.84
Price spread: −0.043% → 0.000%: −$4.33
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.17
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	1.93 bp	5.4 bp −$5	31.7 bp −$317	1080.7 bp −$108.1K	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0234%	1h	31.870	−0.097%	$160K	$1.2M	3x	as long as short
Bybit VVVUSDT	−0.0141%	4h	31.887	−0.042%	$39.0M	$51.6M	20x	as long as short
Gate VVV_USDT	−0.0120%	4h	31.899	−0.006%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.888	−0.040%	$392K	$600K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.881	−0.062%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.927	+0.082%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.867	−0.106%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.903	+0.008%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.896	−0.015%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.881%	$2K	$1K	5.5x	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	+0.0045%	4h	31.896	−0.015%	$1.3M	$1.8M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	31.887	−0.043%	$2.2M	$5.9M	5x
Lighter RH VVV	+0.0096%	1h	31.891	−0.031%	$472K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.906	+0.016%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.914	+0.041%	$74.1M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.909	+0.026%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.964	+0.197%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.892	−0.028%	$33.5M	$154.2M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.873	−0.087%	$4.7M	$41.3M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.908	+0.023%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.907	+0.019%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.889	−0.037%	$5.7M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.928	+0.085%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.917	+0.050%	$123K	$334K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.923	+0.070%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.904	+0.011%	$3K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.931	+0.095%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPlong	+0.0100%	8h	31.901	long leg	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	31.886	−0.046%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.903	+0.006%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	31.953	+0.165%	$79K	$333K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.894	−0.022%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.903	+0.006%	$245K	$1.2M	25x	as long as short