Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.050%

Price spread now: Lighter RH against Phemex+0.185%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1081.084% of the position

Long on Phemex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.528%+$53 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.185%, 7d avg +0.049%

Together, before fees+0.343%+ Points / potential airdropLighter RH: Points live · farm board+$34 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 0.136% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex VVVUSDT	30.747	0.0100	pay 0.0050% / 4h	41m 37s	$2.0M	$2.1M	50x
Short	Lighter RH VVV	30.804	0.0096	get 0.0012% / 1h	41m 37s	$450K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phemex. 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 PhemexbpFee Lighter RHbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$0.84
Price spread: +0.185% → +0.049%: $13.64
Slippage, 4 orders: −$96.37
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$95.56
Costs to cover: 1.084%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Lighter RH: live order book, 1 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 Phemex live order book, 2 min ago	1.96 bp	51.1 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	2.60 bp	7.8 bp −$8	21.1 bp −$211	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
RISEx VVV/USDC	−0.0299%	1h	30.796	+0.159%	$378K	$632K	5x	as long as short
Polymarket Perps VVV-USD	−0.0072%	1h	30.802	+0.179%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.737	−0.032%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.735	−0.040%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0030%	4h	30.821	+0.241%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.742%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.820	+0.237%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.533	−0.695%	$144K	$1.2M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.794	+0.152%	$2.1M	$5.2M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	30.804	+0.185%	$450K	$1.6M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.802	+0.180%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.813	+0.215%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.811	+0.209%	$70.3M	$50.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.827	+0.260%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.830	+0.270%	$182K	$134K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.819	+0.234%	$32.8M	$132.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.797	+0.163%	$38.3M	$44.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.821	+0.241%	$4.8M	$34.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.815	+0.221%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.834	+0.283%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.805	+0.189%	$5.7M	$7.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.834	+0.283%	—	$5.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.612	−0.438%	$1.9M	$286K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.733	−0.046%	$3K	$3K	5x	as long as short
Phemex VVVUSDTlong	+0.0100%	4h	30.747	long leg	$2.0M	$2.1M	50x
Extended VVV-USD	+0.0104%	1h	30.800	+0.174%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.773	+0.083%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	30.728	−0.061%	$76K	$332K	10x	as long as short
BloFin VVV-USDT	+0.0133%	4h	30.723	−0.078%	$1.3M	$1.6M	25x	as long as short
Kalshi KXVVVPERP	+0.0160%	8h	30.760	+0.042%	$102K	$5.7M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0173% / S +0.0127%	1h	30.728	−0.060%	$554K	—	100x	as long as short
Phoenix VVV	+0.0182%	1h	30.622	−0.407%	$32K	$253K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0268%	1h	30.771	+0.078%	$120K	$255K	5x	as long as short