VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.082%

Price spread now: Lighter against Polymarket Perps−0.043%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs+$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.480%+$48 on $10k

Price spread, last 7 days−0.039%−$4 · spread now −0.043%, 7d avg +0.092%

Together, before fees+0.441%+ Points / potential airdropLighter: Season 3 · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.135% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.092%). If the spread goes back, that is −$14 on $10k: about 7.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.480% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VVV-USD	31.156	0.0037	pay 0.0005% / 1h	40m 50s	$134K	$1.2M	3x
Short	Lighter VVV	31.142	0.0096	get 0.0012% / 1h	40m 50s	$2.1M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.043%Rate

Funding earned: $12.35
Price spread: −0.043% → +0.092%: −$13.51
Slippage, 4 orders: −$13.82
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.98
Costs to cover: 0.218%
Break-even: 20.0 days

Slippage from Polymarket Perps: live order book, 2 min ago; Lighter: live order book, 7 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 Polymarket Perps live order book, 2 min ago	2.73 bp	8.0 bp −$8	8.7 bp −$87	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.45 bp	3.2 bp −$3	54.3 bp −$543	994.2 bp −$99.4K	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	−0.0152%	1h	31.137	−0.061%	$382K	$652K	5x	as long as short
Gate VVV_USDT	−0.0098%	4h	31.125	−0.099%	$10.5M	$6.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.140	−0.053%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.160	+0.013%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.341%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USDlong	+0.0037%	1h	31.156	long leg	$134K	$1.2M	3x
01 Exchange VVVUSD	+0.0048%	1h	31.147	−0.029%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0067%	4h	31.141	−0.048%	$1.3M	$1.8M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	31.142	−0.043%	$2.1M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	31.119	−0.119%	$460K	$1.5M	5x	as long as short

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	31.157	+0.002%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.166	+0.032%	$132K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.152	−0.013%	$71.4M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.175	+0.061%	$252K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.173	+0.054%	$186K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.141	−0.049%	$33.1M	$147.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.135	−0.067%	$38.4M	$50.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.156	0.000%	$4.8M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.149	−0.022%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.153	−0.010%	$1.9M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.125	−0.099%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.150	−0.019%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.151	−0.016%	$2.0M	$246K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.139	−0.053%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.142	−0.045%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.140	−0.052%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.154	−0.007%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0106%	4h	31.142	−0.044%	$77K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0129%	8h	31.165	+0.029%	$106K	$6.2M	1.7x	as long as short
Phoenix VVV	+0.0153%	1h	31.144	−0.039%	$38K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	30.879	−0.888%	$138K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.155	−0.004%	$562K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0250%	1h	31.153	−0.009%	$113K	$313K	5x	as long as short