Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: Lighter RH against Lighter+0.010%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.010%, 7d avg −0.017%

Together, before fees+0.004%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board$0 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: Lighter RH is 0.027% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.510	0.0096	pay 0.0012% / 1h	10m 15s	$1.9M	$4.2M	5x
Short	Lighter RH VVV	31.513	0.0096	get 0.0012% / 1h	10m 15s	$464K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.017%: $2.68
Slippage, 4 orders: −$35.43
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$32.75
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Lighter: live order book, 12 min ago; Lighter RH: live order book, 3 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, 12 min ago	3.10 bp	13.1 bp −$13	52.4 bp −$524	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	4.45 bp	5.4 bp −$5	18.9 bp −$189	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	−0.0337%	1h	31.460	−0.159%	$391K	$669K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.499	−0.034%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.509	−0.003%	$94K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.520	+0.033%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.513	+0.010%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.157%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0062%	4h	31.498	−0.038%	$11.7M	$5.2M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	31.510	long leg	$1.9M	$4.2M	5x
Lighter RH VVVshort	+0.0096%	1h	31.513	+0.010%	$464K	$1.6M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.475	−0.110%	$3K	$73	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.494	−0.049%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.548	+0.121%	$70.5M	$44.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.503	−0.022%	$249K	$618K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.495	−0.049%	$185K	$122K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.526	+0.049%	$33.6M	$112.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.485	−0.079%	$38.4M	$39.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.524	+0.044%	$4.8M	$28.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.527	+0.054%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.509	−0.003%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.499	−0.035%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.529	+0.060%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.433	−0.246%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.480	−0.095%	$122K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.516	+0.018%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.538	+0.089%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.523	+0.042%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.506	−0.012%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0115%	4h	31.489	−0.067%	$1.3M	$1.4M	25x	as long as short
edgeX VVVUSDC	+0.0115%	4h	31.458	−0.166%	$78K	$332K	10x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	31.495	−0.048%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.519	+0.029%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0214%	1h	31.525	+0.049%	$506K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0466%	1h	31.556	+0.145%	$160K	$272K	5x	as long as short