Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.084%

Price spread now: Lighter RH against Gate+0.022%7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.643%+$64 on $10k

Price spread, last 4 days (all we have)+0.313%+$31 · spread now +0.022%, 7d avg +0.167%

Together, before fees+0.956%+ Points / potential airdropLighter RH: Points live · farm board+$96 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 RH is 0.145% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	32.169	0.0100	pay 0.0050% / 4h	1h 03m	$10.8M	$7.8M	25x
Short	Lighter RH VVV	32.176	0.0096	get 0.0012% / 1h	3m 33s	$478K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Gate. 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 GatebpFee Lighter RHbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$0.84
Price spread: +0.022% → +0.167%: −$14.54
Slippage, 4 orders: −$58.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$89
Costs to cover: 0.736%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Lighter RH: 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 Gate live order book, 5 min ago	5.76 bp	26.4 bp −$26	594.6 bp −$5,946	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	4.66 bp	10.0 bp −$10	32.7 bp −$327	doesn't fit	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	32.160	−0.028%	$107K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.168	−0.004%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.170	+0.002%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.024%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.208	+0.121%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	32.176	+0.022%	$478K	$1.6M	5x
Phoenix VVV	+0.0098%	1h	32.162	−0.022%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.159	−0.030%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.185	+0.051%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.207	+0.119%	$192K	$191K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.180	+0.034%	$33.7M	$157.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.157	−0.037%	$39.5M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.163	−0.019%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDTlong	+0.0100%	4h	32.169	long leg	$10.8M	$7.8M	25x
MEXC VVV_USDT	+0.0100%	4h	32.191	+0.068%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.187	+0.056%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.157	−0.037%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.190	+0.065%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.211	+0.129%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.146	−0.071%	$146K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.165	−0.013%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.170	+0.003%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.197	+0.086%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.171	+0.007%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.179	+0.033%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0114%	4h	32.165	−0.013%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0143%	4h	32.168	−0.003%	$1.3M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.220	+0.158%	$239K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.172	+0.008%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0185% / S +0.0169%	1h	32.164	−0.015%	$618K	—	100x	as long as short
Hyperliquid VVV	+0.0210%	1h	32.191	+0.067%	$74.7M	$55.8M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0216%	1h	32.212	+0.132%	$122K	$364K	5x	as long as short
01 Exchange VVVUSD	+0.0280%	1h	32.178	+0.028%	$11K	$3K	3x	as long as short