VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.005%

Price spread now: Extended against Lighter−0.019%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 on $10k

Price spread, last 7 days−0.179%−$18 · spread now −0.019%, 7d avg −0.100%

Together, before fees−0.487%+ Points / potential airdropLighter: Season 3 · Extended: Active · 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: Extended is 0.082% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	32.265	0.0096	pay 0.0012% / 1h	6m 37s	$2.0M	$3.8M	5x
Short	Extended VVV-USD	32.259	0.0104	get 0.0013% / 1h	6m 37s	$301K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.019%Rate

Funding earned: $1.68
Price spread: −0.019% → −0.100%: $8.16
Slippage, 4 orders: −$50.7
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$45.86
Costs to cover: 0.557%
Break-even: 198.1 days

Slippage from Lighter: live order book, 4 min ago; Extended: 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 Lighter live order book, 4 min ago	2.01 bp	9.2 bp −$9	25.0 bp −$250	192.9 bp −$19.3K	doesn't fit
Sell Extended live order book, 5 min ago	1.45 bp	19.2 bp −$19	176.0 bp −$1,760	doesn't fit	doesn't fit

VVV on 33 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
RISEx VVV/USDC	−0.0142%	1h	32.250	−0.047%	$365K	$740K	5x	as long as short
Gate VVV_USDT	−0.0096%	4h	32.231	−0.105%	$12.9M	$5.1M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.217	−0.149%	$140K	$5.4M	1.6x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.237	−0.087%	$86K	$20K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.132	−0.412%	$19K	—	150x	as long as short
Coinbase International VVV-PERP-INTX	+0.0024%	1h	32.127	−0.426%	$168K	$1.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.720%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0045%	1h	32.231	−0.105%	$88K	$1.4M	3x	as long as short
Lighter VVVlong	+0.0096%	1h	32.265	long leg	$2.0M	$3.8M	5x
Lighter RH VVV	+0.0096%	1h	32.269	+0.012%	$487K	$1.4M	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.248	−0.054%	$163K	$911K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.281	+0.050%	$75.2M	$43.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.265	0.000%	$257K	$508K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.289	+0.075%	$199K	$119K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.271	+0.019%	$33.5M	$98.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.258	−0.022%	$38.0M	$38.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.268	+0.009%	$4.7M	$23.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.266	+0.003%	$7.8M	$4.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.236	−0.090%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.237	−0.087%	$5.9M	$5.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.264	−0.003%	—	$4.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.120	−0.448%	$2.0M	$345K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.121	−0.446%	$2K	$4K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.270	+0.015%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.246	−0.058%	$3K	$50	5x	as long as short
Extended VVV-USDshort	+0.0104%	1h	32.259	−0.019%	$301K	$1.8M	5x
Aevo VVV-PERP	+0.0104%	1h	32.232	−0.102%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	32.145	−0.371%	$80K	$320K	10x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	32.275	+0.031%	$12K	$2K	3x	as long as short
BloFin VVV-USDT	+0.0151%	4h	32.246	−0.059%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0198%	1h	32.156	−0.338%	$33K	$192K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0355%	1h	32.284	+0.060%	$177K	$256K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0450% / S −0.0219%	1h	32.245	−0.062%	$518K	—	100x	as long as short