Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.075%

Price spread now: Lighter against Aster+0.040%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.283%+$28 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.040%, 7d avg +0.063%

Together, before fees+0.350%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$35 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 0.023% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster VVVUSDT	31.349	0.0100	pay 0.0050% / 4h	1h 58m	$254K	$1.8M	10x
Short	Lighter VVV	31.361	0.0096	get 0.0012% / 1h	58m 22s	$2.1M	$5.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$0.84
Price spread: +0.040% → +0.063%: −$2.33
Slippage, 4 orders: −$31.58
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.75
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Lighter: 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 Aster live order book, 5 min ago	2.55 bp	10.6 bp −$11	47.3 bp −$473	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.15 bp	5.2 bp −$5	39.9 bp −$399	801.4 bp −$80.1K	doesn't fit

VVV on 32 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	31.333	−0.052%	$385K	$644K	5x	as long as short
Phoenix VVV	0.0000%	1h	31.348	−0.003%	$38K	$227K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.344	−0.015%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.320	−0.092%	$20K	—	150x	as long as short
Gate VVV_USDT	+0.0006%	4h	31.310	−0.124%	$10.5M	$6.1M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.692%	$2K	$1K	5.5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.361	+0.040%	$2.1M	$5.3M	5x
Lighter RH VVV	+0.0096%	1h	31.346	−0.010%	$463K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.365	+0.052%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.330	−0.061%	$130K	$846K	3x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.350	+0.003%	$72.3M	$53.3M	3x	as long as short
Aster VVVUSDTlong	+0.0100%	4h	31.349	long leg	$254K	$1.8M	10x
Pacifica VVV	+0.0100%	1h	31.390	+0.130%	$188K	$161K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.338	−0.035%	$33.3M	$146.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.324	−0.079%	$38.4M	$49.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.341	−0.026%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.355	+0.019%	$6.3M	$6.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.345	−0.013%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.312	−0.118%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.338	−0.035%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.347	−0.008%	$2.1M	$185K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.342	−0.022%	$135K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.327	−0.071%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.356	+0.022%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.353	+0.012%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.349	−0.001%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.350	+0.005%	$78K	$336K	10x	as long as short
Kalshi KXVVVPERP	+0.0121%	8h	31.368	+0.061%	$110K	$6.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.333	−0.050%	$155K	$1.3M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.314	−0.111%	$564K	—	100x	as long as short
01 Exchange VVVUSD	+0.0184%	1h	31.358	+0.029%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0402%	1h	31.403	+0.173%	$121K	$311K	5x	as long as short