Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.067%

Price spread now: KuCoin against Lighter+0.053%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$37 on $10k

Price spread, last 7 days+0.172%+$17 · spread now +0.053%, 7d avg −0.073%

Together, before fees−0.202%+ Points / potential airdropLighter: Season 3 · farm board−$20 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: KuCoin is 0.126% dearer against Lighter than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.712	0.0096	pay 0.0012% / 1h	35m 50s	$2.0M	$5.2M	5x
Short	KuCoin VVVUSDTM	30.728	0.0100	get 0.0050% / 4h	35m 50s	$2.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0.84
Price spread: +0.053% → −0.073%: $12.59
Slippage, 4 orders: −$80.64
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.21
Costs to cover: 0.926%
Break-even: 667.1 days

Slippage from Lighter: live order book, 7 min ago; KuCoin: 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, 7 min ago	1.84 bp	3.4 bp −$3	33.8 bp −$338	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	13.80 bp	38.0 bp −$38	226.9 bp −$2,269	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	−0.0299%	1h	30.689	−0.075%	$376K	$629K	5x	as long as short
Polymarket Perps VVV-USD	−0.0092%	1h	30.695	−0.054%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.683	−0.094%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.701	−0.036%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0028%	4h	30.724	+0.040%	$10.3M	$5.9M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.865%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.707	−0.015%	$11K	$3K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.768	+0.184%	$144K	$1.2M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	30.712	long leg	$2.0M	$5.2M	5x
Lighter RH VVV	+0.0096%	1h	30.701	−0.035%	$449K	$1.6M	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	30.712	+0.002%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.737	+0.084%	$111K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.723	+0.037%	$70.1M	$49.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.747	+0.114%	$246K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.769	+0.187%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.739	+0.088%	$32.8M	$130.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.720	+0.027%	$38.2M	$43.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.748	+0.119%	$4.8M	$33.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.738	+0.086%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	30.728	+0.053%	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	30.725	+0.044%	$5.6M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.734	+0.073%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.671	−0.132%	$1.9M	$306K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.687	−0.080%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.713	+0.005%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.725	+0.043%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.719	+0.023%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	30.779	+0.219%	$76K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0127%	4h	30.809	+0.317%	$1.3M	$1.6M	25x	as long as short
Kalshi KXVVVPERP	+0.0157%	8h	30.746	+0.112%	$96K	$5.7M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0169%	1h	30.737	+0.083%	$119K	$253K	5x	as long as short
Phoenix VVV	+0.0182%	1h	30.866	+0.503%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0174%	1h	30.687	−0.082%	$538K	—	100x	as long as short