VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.049%

Price spread now: Deribit against Lighter+0.026%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.474%−$47 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.026% dearer against Lighter than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.474% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.571	0.0096	pay 0.0012% / 1h	51m 53s	$2.0M	$4.2M	5x
Short	Deribit VVV_USDC-PERPETUAL	31.579	0	get 0.0000% / 1h	51m 53s	$88K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$20.16
Price spread: +0.026% → 0.000%: $2.57
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.59
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; Deribit: no order-book sample. Net counts fees only.

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	2.74 bp	7.6 bp −$8	44.3 bp −$443	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0337%	1h	31.556	−0.048%	$387K	$654K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.538	−0.104%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.612	+0.130%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUALshort	0.0000%	1h	31.579	+0.026%	$88K	$22K	10x
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.587	+0.049%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.956%	$2K	$1K	5.5x	as long as short
Lighter VVVlong	+0.0096%	1h	31.571	long leg	$2.0M	$4.2M	5x
Lighter RH VVV	+0.0096%	1h	31.584	+0.041%	$465K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.563	−0.026%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.596	+0.077%	$145K	$930K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.615	+0.139%	$70.8M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.612	+0.130%	$250K	$750K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.603	+0.100%	$186K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.588	+0.054%	$33.8M	$116.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.581	+0.031%	$38.6M	$40.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.583	+0.038%	$4.9M	$29.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.558	−0.041%	$11.5M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.605	+0.107%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.588	+0.054%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.577	+0.019%	$5.8M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.598	+0.085%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.434	−0.435%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.570	−0.003%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.565	−0.018%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.602	+0.098%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.596	+0.079%	$304K	$1.4M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.588	+0.054%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.457	−0.360%	$78K	$330K	10x	as long as short
BloFin VVV-USDT	+0.0114%	4h	31.634	+0.199%	$1.4M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	31.590	+0.060%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.649	+0.247%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0437% / S −0.0208%	1h	31.577	+0.018%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0513%	1h	31.615	+0.138%	$153K	$272K	5x	as long as short