VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.029%

Price spread now: Injective against Lighter+2.688%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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. Injective is 2.688% dearer against Lighter than usual: you sell high and buy low (spread +2.688% now, against zero (this spread has no 7-day history yet)): +$269 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.961	0.0096	pay 0.0012% / 1h	18m 51s	$2.3M	$5.5M	5x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	18m 51s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.688%Rate

Funding earned: −$13.16
Price spread: +2.688% → 0.000%: $268.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $255.62
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Injective: 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, 4 min ago	3.20 bp	9.0 bp −$9	33.3 bp −$333	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Kalshi KXVVVPERP	0.0000%	8h	32.002	+0.129%	$106K	$6.8M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.998	+0.115%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.007	+0.145%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0027%	1h	31.999	+0.119%	$146K	$1.2M	3x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+2.688%	$2K	$1K	5.5x
01 Exchange VVVUSD	+0.0040%	1h	32.022	+0.191%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.011	+0.158%	$394K	$604K	5x	as long as short
Lighter VVVlong	+0.0096%	1h	31.961	long leg	$2.3M	$5.5M	5x
Lighter RH VVV	+0.0096%	1h	31.960	−0.003%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.023	+0.193%	$126K	$850K	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	31.974	+0.040%	$74.0M	$55.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.960	−0.001%	$262K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.984	+0.071%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.968	+0.022%	$33.5M	$156.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.927	−0.106%	$39.2M	$52.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.950	−0.034%	$4.6M	$42.1M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.964	+0.010%	$10.7M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.963	+0.007%	$6.4M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.985	+0.075%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.954	−0.022%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.956	−0.015%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.987	+0.082%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.998	+0.115%	$2K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.011	+0.157%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.976	+0.048%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.952	−0.027%	$321K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.005	+0.139%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.032	+0.222%	$80K	$334K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.000	+0.122%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0130%	1h	32.005	+0.136%	$123K	$360K	5x	as long as short
BloFin VVV-USDT	+0.0158%	4h	32.021	+0.188%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0180% / S +0.0119%	1h	32.001	+0.126%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.991%	$242K	$1.3M	25x	as long as short