Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h +0.041%

Price spread now: Lighter against BloFin−0.008%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 3 days (all we have)−0.210%−$21 · spread now −0.008%, 7d avg +0.013%

Together, before fees−0.020%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.021% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.189%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VVV-USDT	31.537	0.0124	pay 0.0062% / 4h	3h 31m	$1.3M	$1.7M	25x
Short	Lighter VVV	31.535	0.0096	get 0.0012% / 1h	31m 12s	$2.2M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$5.79
Price spread: −0.008% → +0.013%: −$2.11
Slippage, 4 orders: −$39.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$59.62
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Lighter: live order book, 7 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 BloFin live order book, 2 min ago	0.94 bp	13.6 bp −$14	33.7 bp −$337	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	3.48 bp	12.0 bp −$12	39.9 bp −$399	292.2 bp −$29.2K	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	0.0000%	1h	31.520	−0.053%	$90K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.588	+0.161%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.068%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0070%	4h	31.539	+0.006%	$10.7M	$7.6M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	31.535	−0.008%	$2.2M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	31.522	−0.048%	$475K	$1.5M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.578	+0.132%	$147K	$775K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.624	+0.277%	$278K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.720	+0.579%	$182K	$168K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.562	+0.078%	$33.1M	$152.4M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	31.538	+0.003%	$39.2M	$50.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.542	+0.016%	$4.7M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.550	+0.041%	$16.8M	$6.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.539	+0.006%	$2.0M	$2.5M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.538	+0.003%	$5.8M	$8.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.541	+0.013%	—	$5.3M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.733	+0.621%	$2.1M	$184K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.610	+0.231%	$155K	$1.0M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.520	−0.054%	$421	$343	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.547	+0.032%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.708	+0.543%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.515	−0.070%	$316K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.579	+0.134%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.736	+0.630%	$79K	$331K	10x	as long as short
BloFin VVV-USDTlong	+0.0124%	4h	31.537	long leg	$1.3M	$1.7M	25x
Kalshi KXVVVPERP	+0.0169%	8h	31.545	+0.025%	$135K	$6.8M	1.7x	as long as short
Phoenix VVV	+0.0174%	1h	31.683	+0.463%	$55K	$279K	5x	as long as short
RISEx VVV/USDC	+0.0208%	1h	31.627	+0.285%	$387K	$578K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0230%	1h	31.563	+0.084%	$138K	$369K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0296%	1h	31.829	+0.925%	$194K	$1.1M	25x	as long as short
Hyperliquid VVV	+0.0317%	1h	31.573	+0.114%	$73.1M	$52.1M	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0193%	1h	31.579	+0.133%	$537K	—	100x	as long as short
01 Exchange VVVUSD	+0.0456%	1h	31.652	+0.365%	$11K	$3K	3x	as long as short