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 +0.040%

Price spread now: Lighter against BingX−0.052%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$31 on $10k

Price spread, last 7 days−0.127%−$13 · spread now −0.052%, 7d avg +0.057%

Together, before fees+0.187%+ Points / potential airdropLighter: Season 3 · farm board+$19 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 0.109% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	30.400	0.0100	pay 0.0050% / 4h	3h 24m	—	$5.0M	—
Short	Lighter VVV	30.384	0.0096	get 0.0012% / 1h	24m 31s	$2.0M	$5.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$0.84
Price spread: −0.052% → +0.057%: −$10.86
Slippage, 4 orders: −$32.19
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$53.89
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Lighter: live order book, 3 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 BingX live order book, 11 min ago	0.33 bp	11.0 bp −$11	35.7 bp −$357	322.7 bp −$32.3K	749.1 bp −$374.6K
Sell Lighter live order book, 3 min ago	2.12 bp	12.6 bp −$13	63.6 bp −$636	1392.8 bp −$139.3K	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	30.377	−0.076%	$373K	$639K	5x	as long as short
Polymarket Perps VVV-USD	−0.0145%	1h	30.376	−0.079%	$121K	$1.3M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.294	−0.350%	$145K	$1.2M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.359	−0.135%	$84K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.356	−0.146%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.961%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.393	−0.023%	$11K	$3K	3x	as long as short
Lighter VVVshort	+0.0096%	1h	30.384	−0.052%	$2.0M	$5.2M	5x
Lighter RH VVV	+0.0096%	1h	30.369	−0.102%	$443K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.354	−0.153%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	30.405	+0.018%	$140K	$867K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.406	+0.020%	$68.5M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.392	−0.027%	$242K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.386	−0.046%	$179K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.406	+0.021%	$32.7M	$126.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.388	−0.040%	$37.8M	$42.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.406	+0.020%	$4.7M	$31.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.384	−0.053%	$10.4M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.393	−0.023%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.364	−0.118%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.380	−0.066%	$5.6M	$7.3M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	30.400	long leg	—	$5.0M	—
Variational Omni VVV	+0.0100%	4h	30.303	−0.318%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.352	−0.158%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.416	+0.053%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.360	−0.130%	$75K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.397	−0.010%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.338	−0.203%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0116%	8h	30.315	−0.280%	$101K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0129%	1h	30.352	−0.158%	$32K	$257K	5x	as long as short
BloFin VVV-USDT	+0.0147%	4h	30.395	−0.016%	$1.3M	$1.5M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0225%	1h	30.414	+0.046%	$119K	$243K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0424% / S −0.0174%	1h	30.351	−0.161%	$532K	—	100x	as long as short