Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.019%

Price spread now: Aster against Lighter+0.057%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$580.576% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.282%−$28 on $10k

Price spread, last 7 days−0.150%−$15 · spread now +0.057%, 7d avg −0.019%

Together, before fees−0.431%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$43 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: Aster is 0.076% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	32.350	0.0096	pay 0.0012% / 1h	57m 11s	$2.0M	$3.8M	5x
Short	Aster VVVUSDT	32.368	0.0100	get 0.0050% / 4h	1h 57m	$255K	$507K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0.84
Price spread: +0.057% → −0.019%: $7.59
Slippage, 4 orders: −$49.6
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.16
Costs to cover: 0.576%
Break-even: 416.7 days

Slippage from Lighter: live order book, 4 min ago; Aster: live order book, 53 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 Lighter live order book, 4 min ago	3.33 bp	9.0 bp −$9	24.9 bp −$249	206.6 bp −$20.7K	doesn't fit
Sell Aster live order book, 53 min ago	2.54 bp	19.5 bp −$20	52.0 bp −$520	doesn't fit	doesn't fit

VVV on 32 exchanges

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	−0.0146%	1h	32.324	−0.079%	$87K	$19K	10x	as long as short
RISEx VVV/USDC	−0.0142%	1h	32.463	+0.350%	$397K	$729K	5x	as long as short
Gate VVV_USDT	−0.0040%	4h	32.339	−0.033%	$12.7M	$5.0M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.442	+0.285%	$191K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.339	−0.035%	$19K	—	150x	as long as short
Coinbase International VVV-PERP-INTX	+0.0024%	1h	32.449	+0.306%	$160K	$1.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.454%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0044%	4h	32.351	+0.004%	$1.3M	$1.5M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	32.350	long leg	$2.0M	$3.8M	5x
Lighter RH VVV	+0.0096%	1h	32.359	+0.029%	$489K	$1.4M	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.355	+0.015%	$193K	$911K	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	32.368	+0.057%	$255K	$507K	10x
Pacifica VVV	+0.0100%	1h	32.394	+0.136%	$190K	$112K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.363	+0.041%	$33.9M	$101.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.346	−0.011%	$38.4M	$39.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.336	−0.042%	$4.8M	$24.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.359	+0.029%	$7.9M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.337	−0.039%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.345	−0.015%	$5.9M	$6.0M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.363	+0.041%	—	$4.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.172	−0.549%	$2.0M	$336K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.371	+0.066%	$133K	$1.3M	3x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.339	−0.033%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.377	+0.085%	$3K	$50	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.189	−0.497%	$80K	$324K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	32.330	−0.061%	$309K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.338	−0.036%	$7K	—	3x	as long as short
Phoenix VVV	+0.0279%	1h	32.439	+0.276%	$34K	$192K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0451% / S −0.0219%	1h	32.341	−0.026%	$520K	—	100x	as long as short
01 Exchange VVVUSD	+0.0480%	1h	32.406	+0.174%	$12K	$2K	3x	as long as short
Hyperliquid VVV	+0.0693%	1h	32.407	+0.178%	$75.6M	$45.4M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0844%	1h	32.494	+0.445%	$169K	$266K	5x	as long as short