VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter RH against Phoenix+0.135%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on Phoenix Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now +0.135%, 7d avg +0.072%

Together, before fees+0.254%+ Points / potential airdropLighter RH: Points live · farm board+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.063% dearer against Phoenix than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix VVV	31.951	0.0077	pay 0.0010% / 1h	22m 57s	$56K	$292K	5x
Short	Lighter RH VVV	31.994	0.0096	get 0.0012% / 1h	22m 57s	$476K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Phoenix. 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 PhoenixbpFee Lighter RHbpOrdersPrice spread, now +0.135%Rate

Funding earned: $3.98
Price spread: +0.135% → +0.072%: $6.26
Slippage, 4 orders: −$46.58
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$43.33
Costs to cover: 0.536%
Break-even: 83.1 days

Slippage from Phoenix: live order book, 62 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 Phoenix live order book, 62 min ago	2.87 bp	19.9 bp −$20	65.5 bp −$655	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	4.71 bp	7.2 bp −$7	22.9 bp −$229	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
Kalshi KXVVVPERP	0.0000%	8h	32.012	+0.191%	$119K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.000	+0.153%	$92K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.996	+0.141%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.720%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0048%	1h	32.008	+0.178%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0048%	4h	32.017	+0.207%	$1.3M	$1.7M	25x	as long as short
Phoenix VVVlong	+0.0077%	1h	31.951	long leg	$56K	$292K	5x
RISEx VVV/USDC	+0.0078%	1h	31.982	+0.097%	$393K	$576K	5x	as long as short
Polymarket Perps VVV-USD	+0.0085%	1h	31.975	+0.075%	$143K	$1.2M	3x	as long as short
Lighter VVV	+0.0096%	1h	32.023	+0.226%	$2.2M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVVshort	+0.0096%	1h	31.994	+0.135%	$476K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	31.972	+0.066%	$148K	$781K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.067	+0.363%	$73.2M	$54.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.042	+0.285%	$280K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.984	+0.102%	$190K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.037	+0.269%	$33.8M	$154.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.020	+0.216%	$39.5M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.040	+0.279%	$4.8M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.027	+0.238%	$10.8M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.025	+0.232%	$17.2M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.017	+0.207%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.018	+0.210%	$5.8M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.039	+0.275%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.838	−0.354%	$2.1M	$180K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.994	+0.133%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.920	−0.097%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.990	+0.122%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.026	+0.234%	$320K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.026	+0.234%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0120%	4h	31.836	−0.360%	$79K	$330K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0191% / S +0.0094%	1h	31.996	+0.140%	$559K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.847	−0.327%	$205K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0267%	1h	32.063	+0.350%	$122K	$381K	5x	as long as short