Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.013%

Price spread now: Binance against Lighter+0.194%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.316%−$32 on $10k

Price spread, last 7 days−0.170%−$17 · spread now +0.194%, 7d avg −0.033%

Together, before fees−0.486%+ Points / potential airdropLighter: Season 3 · farm board−$49 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: Binance is 0.227% dearer against Lighter than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.460	0.0096	pay 0.0012% / 1h	22m 00s	$1.9M	$4.2M	5x
Short	Binance VVVUSDT	31.521	0.0100	get 0.0050% / 4h	3h 22m	$33.6M	$105.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.194%Rate

Funding earned: $0.84
Price spread: +0.194% → −0.033%: $22.7
Slippage, 4 orders: −$37.57
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.03
Costs to cover: 0.476%
Break-even: 207.3 days

Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 6 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, 6 min ago	3.95 bp	9.1 bp −$9	48.0 bp −$480	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.16 bp	15.4 bp −$15	42.9 bp −$429	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
RISEx VVV/USDC	−0.0349%	1h	31.399	−0.194%	$384K	$689K	5x	as long as short
Gate VVV_USDT	−0.0016%	4h	31.528	+0.216%	$12.0M	$4.8M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.437	−0.073%	$92K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.470	+0.033%	$88K	$20K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	−0.399%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.477	+0.053%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.323%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0089%	4h	31.432	−0.089%	$1.3M	$1.4M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	31.460	long leg	$1.9M	$4.2M	5x
Lighter RH VVV	+0.0096%	1h	31.467	+0.022%	$463K	$1.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.407	−0.170%	$3K	$29	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.456	−0.011%	$188K	$1.0M	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.493	+0.105%	$69.8M	$42.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.527	+0.213%	$248K	$495K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.416	−0.141%	$185K	$118K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	31.521	+0.194%	$33.6M	$105.5M	25x
Bybit VVVUSDT	+0.0100%	4h	31.512	+0.165%	$38.4M	$38.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.538	+0.248%	$4.9M	$25.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.500	+0.127%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.463	+0.010%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.471	+0.035%	$5.7M	$6.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.538	+0.248%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.232	−0.723%	$2.0M	$362K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.472	+0.038%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.083	−1.198%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.462	+0.006%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.482	+0.071%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.556	+0.306%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.242	−0.693%	$78K	$323K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.276	−0.585%	$32K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0256%	1h	31.426	−0.108%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0219%	1h	31.394	−0.211%	$505K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0753%	1h	31.511	+0.162%	$168K	$262K	5x	as long as short