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: OKX against Lighter+0.085%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Lighter Short on OKX

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+0.010%+$1 · spread now +0.085%, 7d avg −0.071%

Together, before fees−0.364%+ Points / potential airdropLighter: Season 3 · farm board−$36 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: OKX is 0.156% dearer against Lighter than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.922	0.0096	pay 0.0012% / 1h	13m 23s	$2.1M	$5.3M	5x
Short	OKX VVV-USDT-SWAP	30.948	0.0100	get 0.0050% / 4h	13m 23s	$4.8M	$32.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0.84
Price spread: +0.085% → −0.071%: $15.64
Slippage, 4 orders: −$29.66
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.18
Costs to cover: 0.397%
Break-even: 200.2 days

Slippage from Lighter: live order book, 5 min ago; OKX: 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, 5 min ago	1.52 bp	3.2 bp −$3	37.3 bp −$373	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.43 bp	14.8 bp −$15	58.0 bp −$580	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	30.918	−0.010%	$379K	$631K	5x	as long as short
Polymarket Perps VVV-USD	−0.0087%	1h	30.922	+0.001%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.866	−0.179%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.941	+0.061%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.139%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.946	+0.079%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0048%	4h	30.888	−0.109%	$1.3M	$1.6M	25x	as long as short
Gate VVV_USDT	+0.0052%	4h	30.944	+0.072%	$10.4M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	−0.167%	$145K	$1.2M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	30.922	long leg	$2.1M	$5.3M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.933	+0.037%	$452K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.936	+0.045%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.953	+0.103%	$142K	$872K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.955	+0.109%	$70.6M	$49.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.934	+0.041%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.940	+0.060%	$183K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.949	+0.089%	$33.1M	$128.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.933	+0.037%	$38.5M	$43.0M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	30.948	+0.085%	$4.8M	$32.8M	20x
MEXC VVV_USDT	+0.0100%	4h	30.937	+0.050%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.910	−0.038%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.930	+0.027%	$5.7M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.944	+0.072%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.848	−0.239%	$1.9M	$283K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.872	−0.159%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.880	−0.135%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	30.880	−0.134%	$77K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.929	+0.024%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.872	−0.160%	$6K	—	3x	as long as short
Backpack VVV_USDC_PERP	+0.0128%	1h	30.902	−0.062%	$120K	$249K	5x	as long as short
Kalshi KXVVVPERP	+0.0145%	8h	30.923	+0.005%	$103K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.894	−0.089%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.937	+0.050%	$542K	—	100x	as long as short