Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.053%

Price spread now: Lighter against Binance0.000%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.318%+$32 on $10k

Price spread, last 7 days+0.050%+$5 · spread now 0.000%, 7d avg +0.035%

Together, before fees+0.368%+ Points / potential airdropLighter: Season 3 · farm board+$37 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 0.035% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VVVUSDT	31.961	0.0100	pay 0.0050% / 4h	18m 34s	$33.5M	$156.2M	25x
Short	Lighter VVV	31.961	0.0096	get 0.0012% / 1h	18m 34s	$2.3M	$5.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.84
Price spread: 0.000% → +0.035%: −$3.47
Slippage, 4 orders: −$36.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.27
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Lighter: live order book, 4 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 Binance live order book, 10 min ago	0.16 bp	14.2 bp −$14	40.8 bp −$408	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	3.20 bp	10.9 bp −$11	39.8 bp −$398	665.6 bp −$66.6K	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
Kalshi KXVVVPERP	0.0000%	8h	32.002	+0.129%	$106K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.998	+0.116%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.007	+0.146%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0027%	1h	31.999	+0.119%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.688%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	31.956	−0.015%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	31.955	−0.019%	$393K	$604K	5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.961	0.000%	$2.3M	$5.5M	5x
Lighter RH VVV	+0.0096%	1h	31.960	−0.003%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.023	+0.193%	$126K	$850K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.974	+0.040%	$74.0M	$55.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.972	+0.035%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.956	−0.015%	$191K	$191K	10x	as long as short
Binance VVVUSDTlong	+0.0100%	4h	31.961	long leg	$33.5M	$156.2M	25x
Bybit VVVUSDT	+0.0100%	4h	31.949	−0.037%	$39.2M	$52.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.955	−0.018%	$4.6M	$42.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.946	−0.047%	$10.7M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.954	−0.022%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.981	+0.063%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.954	−0.022%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.960	−0.003%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.987	+0.082%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.998	+0.115%	$2K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.011	+0.157%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.979	+0.057%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.959	−0.005%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.005	+0.139%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.032	+0.222%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.000	+0.122%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0130%	1h	32.005	+0.136%	$123K	$360K	5x	as long as short
BloFin VVV-USDT	+0.0158%	4h	32.021	+0.188%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0119%	1h	32.001	+0.126%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.991%	$242K	$1.3M	25x	as long as short