Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.041%

Price spread now: Lighter RH against Variational Omni−0.168%7-day average +0.079% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.478%+$48 on $10k

Price spread, last 7 days+0.287%+$29 · spread now −0.168%, 7d avg +0.079%

Together, before fees+0.765%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$76 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 0.247% cheaper against Variational Omni than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	30.636	0.0100	pay 0.0050% / 4h	3h 10m	$1.9M	$350K	—
Short	Lighter RH VVV	30.585	0.0096	get 0.0012% / 1h	10m 04s	$446K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$0.84
Price spread: −0.168% → +0.079%: −$24.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$25.49
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter RH: live order book, 3 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, 4 min ago	4.36 bp	doesn't fit	57.6 bp −$576	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	4.57 bp	7.2 bp −$7	19.0 bp −$190	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	−0.0417%	1h	30.553	−0.272%	$375K	$645K	5x	as long as short
Polymarket Perps VVV-USD	−0.0110%	1h	30.553	−0.272%	$124K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.642	+0.019%	$143K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.571	−0.212%	$85K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.583	−0.175%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.128%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0043%	4h	30.665	+0.094%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	30.560	−0.249%	$11K	$3K	3x	as long as short
Lighter VVV	+0.0096%	1h	30.576	−0.196%	$2.0M	$5.2M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	30.585	−0.168%	$446K	$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	30.617	−0.064%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.600	−0.119%	$133K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.566	−0.231%	$68.9M	$48.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.592	−0.144%	$243K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.635	−0.004%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.577	−0.194%	$32.9M	$125.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.552	−0.275%	$38.0M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.561	−0.246%	$4.8M	$31.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.553	−0.272%	$10.5M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.579	−0.187%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.616	−0.066%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.537	−0.324%	$5.7M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.553	−0.272%	—	$5.0M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	30.636	long leg	$1.9M	$350K	—
Derive VVV-PERP	+0.0100%	1h	30.574	−0.204%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.583	−0.174%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.565	−0.232%	$295K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.596	−0.132%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.684	+0.156%	$76K	$332K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.651	+0.048%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0281%	8h	30.597	−0.128%	$97K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0298%	1h	30.573	−0.206%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0176%	1h	30.565	−0.234%	$533K	—	100x	as long as short