Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Lighter RH against Paradex−0.145%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 RH

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 RH: Points live · 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 RH is 0.145% cheaper against Paradex than usual: you would sell low and buy high, −$14 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	32.245	0.0100	pay 0.0100% / 8h	4h 48m	$3K	$50	5x
Short	Lighter RH VVV	32.198	0.0096	get 0.0012% / 1h	48m 16s	$491K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$0.84
Price spread: −0.145% → 0.000%: −$14.49
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$19.33
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 2 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 RH live order book, 2 min ago	3.26 bp	17.2 bp −$17	46.2 bp −$462	doesn't fit	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 exchanges

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
RISEx VVV/USDC	−0.0347%	1h	32.225	−0.061%	$365K	$745K	5x	as long as short
Gate VVV_USDT	−0.0114%	4h	32.206	−0.120%	$13.0M	$4.9M	25x	as long as short
Coinbase International VVV-PERP-INTX	−0.0112%	1h	32.361	+0.361%	$178K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.125	−0.371%	$134K	$5.3M	1.6x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.265	+0.064%	$86K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.235	−0.029%	$19K	—	150x	as long as short
01 Exchange VVVUSD	+0.0024%	1h	32.241	−0.012%	$12K	$2K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.784%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0041%	1h	32.218	−0.083%	$54K	$1.4M	3x	as long as short
BloFin VVV-USDT	+0.0062%	4h	32.135	−0.340%	$1.3M	$1.4M	25x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	32.227	−0.056%	$2.0M	$3.7M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	32.198	−0.145%	$491K	$1.5M	5x
Phoenix VVV	+0.0099%	1h	32.095	−0.464%	$33K	$182K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.221	−0.072%	$159K	$896K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.264	+0.060%	$75.5M	$43.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.206	−0.120%	$256K	$466K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.225	−0.060%	$198K	$116K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.234	−0.033%	$33.4M	$93.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.266	+0.065%	$38.0M	$37.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.278	+0.103%	$4.7M	$23.2M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.233	−0.036%	$7.8M	$4.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.172	−0.226%	$1.7M	$2.4M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.281	+0.113%	$5.9M	$5.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.250	+0.016%	—	$3.8M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.139	−0.328%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.264	+0.061%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.131	−0.353%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERPlong	+0.0100%	8h	32.245	long leg	$3K	$50	5x
Extended VVV-USD	+0.0104%	1h	32.254	+0.027%	$301K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.066	−0.553%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.148	−0.299%	$80K	$320K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0216%	1h	32.166	−0.243%	$177K	$255K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0451% / S −0.0219%	1h	32.240	−0.015%	$519K	—	100x	as long as short