Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.084%

Price spread now: Lighter against Variational Omni+0.696%7-day average +0.112% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.283%+$28 on $10k

Price spread, last 7 days−0.488%−$49 · spread now +0.696%, 7d avg +0.112%

Together, before fees−0.205%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$20 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 is 0.584% dearer against Variational Omni than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	31.095	0.0100	pay 0.0050% / 4h	2h 45m	$2.0M	$184K	—
Short	Lighter VVV	31.311	0.0096	get 0.0012% / 1h	45m 37s	$2.2M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.696%Rate

Funding earned: −$0.84
Price spread: +0.696% → +0.112%: $58.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $57.55
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 7 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 Variational Omni RFQ quote, 3 min ago	3.19 bp	doesn't fit	76.0 bp −$760	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	4.07 bp	9.7 bp −$10	35.5 bp −$355	245.8 bp −$24.6K	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
Deribit VVV_USDC-PERPETUAL	−0.0057%	1h	31.261	+0.536%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0024%	1h	31.225	+0.419%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.247	+0.490%	$109K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.271	+0.568%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.549%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0056%	4h	31.240	+0.467%	$1.3M	$1.7M	25x	as long as short
Polymarket Perps VVV-USD	+0.0064%	1h	31.226	+0.422%	$134K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.272	+0.570%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.298	+0.653%	$384K	$572K	5x	as long as short
Gate VVV_USDT	+0.0094%	4h	31.307	+0.683%	$10.6M	$7.7M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVVshort	+0.0096%	1h	31.311	+0.696%	$2.2M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	31.301	+0.664%	$462K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.209	+0.366%	$144K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.343	+0.799%	$71.4M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.303	+0.669%	$275K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.313	+0.703%	$186K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.304	+0.673%	$33.1M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.298	+0.653%	$38.6M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.313	+0.702%	$4.6M	$40.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.305	+0.676%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.282	+0.602%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.281	+0.599%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.298	+0.654%	—	$5.4M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	31.095	long leg	$2.0M	$184K	—
Derive VVV-PERP	+0.0100%	1h	31.261	+0.534%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.256	+0.519%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.309	+0.688%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.300	+0.659%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.272	+0.571%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.274	+0.578%	$78K	$331K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0195%	1h	31.291	+0.632%	$118K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	+0.094%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0204%	1h	31.262	+0.540%	$521K	—	100x	as long as short