Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.062%

Price spread now: Lighter RH against Bybit+0.158%7-day average +0.142% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.591%+$59 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.158%, 7d avg +0.142%

Together, before fees+0.618%+ Points / potential airdropLighter RH: Points live · farm board+$62 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VVVUSDT	31.548	0.0100	pay 0.0050% / 4h	2h 17m	$38.6M	$50.4M	20x
Short	Lighter RH VVV	31.598	0.0096	get 0.0012% / 1h	17m 42s	$467K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now +0.158%Rate

Funding earned: −$0.84
Price spread: +0.158% → +0.142%: $1.59
Slippage, 4 orders: −$41.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$51.55
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Lighter RH: 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 Bybit live order book, 1 min ago	0.16 bp	18.0 bp −$18	64.3 bp −$643	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	4.09 bp	7.4 bp −$7	28.9 bp −$289	doesn't fit	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	−0.0111%	1h	31.570	+0.070%	$387K	$637K	5x	as long as short
Gate VVV_USDT	−0.0034%	4h	31.563	+0.047%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0007%	1h	31.704	+0.494%	$136K	$1.2M	3x	as long as short
Phoenix VVV	0.0000%	1h	31.726	+0.564%	$46K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.689	+0.448%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.721	+0.550%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.032%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.584	+0.113%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.598	+0.158%	$467K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.588	+0.126%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.716	+0.534%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.640	+0.291%	$72.9M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.650	+0.324%	$256K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.605	+0.179%	$189K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.595	+0.149%	$33.6M	$148.8M	25x	as long as short
Bybit VVVUSDTlong	+0.0100%	4h	31.548	long leg	$38.6M	$50.4M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.584	+0.114%	$4.7M	$39.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.600	+0.165%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.635	+0.275%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.573	+0.079%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.595	+0.149%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.702	+0.488%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.697	+0.471%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.710	+0.513%	$2.0M	$2.1M	50x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	31.732	+0.583%	$119K	$6.4M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	31.586	+0.121%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.714	+0.525%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.712	+0.518%	$79K	$335K	10x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.602	+0.171%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.706	+0.500%	$573K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.786	+0.753%	$233K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0300%	1h	31.625	+0.243%	$122K	$316K	5x	as long as short