VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.082%

Price spread now: Polymarket Perps against Lighter+0.141%7-day average −0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.481%−$48 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.141%, 7d avg −0.084%

Together, before fees−0.481%+ Points / potential airdropLighter: Season 3 · farm board−$48 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: Polymarket Perps is 0.226% dearer against Lighter than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	32.560	0.0096	pay 0.0012% / 1h	48m 55s	$2.2M	$5.4M	5x
Short	Polymarket Perps VVV-USD	32.606	0.0100	get 0.0013% / 1h	48m 55s	$145K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0.84
Price spread: +0.141% → −0.084%: $22.57
Slippage, 4 orders: −$31.97
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$16.56
Costs to cover: 0.400%
Break-even: 145.0 days

Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: live order book, 4 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	2.60 bp	12.6 bp −$13	42.2 bp −$422	233.2 bp −$23.3K	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.31 bp	6.6 bp −$7	6.6 bp −$66	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
Deribit VVV_USDC-PERPETUAL	−0.0637%	1h	32.543	−0.051%	$92K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.646	+0.264%	$105K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.624	+0.197%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+0.799%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0076%	4h	32.558	−0.006%	$1.4M	$1.8M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	32.560	long leg	$2.2M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	32.563	+0.009%	$487K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.658	+0.301%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.602	+0.129%	$151K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.621	+0.189%	$276K	$1.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	32.617	+0.176%	$187K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.569	+0.028%	$34.3M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.547	−0.041%	$40.1M	$52.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.567	+0.021%	$4.8M	$42.8M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.569	+0.028%	$11.0M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.574	+0.043%	$17.6M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.596	+0.111%	$2.1M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.537	−0.071%	$5.9M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.575	+0.046%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.608	+0.148%	$2.1M	$180K	—	as long as short
Polymarket Perps VVV-USDshort	+0.0100%	1h	32.606	+0.141%	$145K	$1.2M	3x
Derive VVV-PERP	+0.0100%	1h	32.583	+0.070%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.578	+0.055%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.606	+0.143%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.541	−0.058%	$322K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.625	+0.199%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	32.677	+0.359%	$81K	$332K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.667	+0.328%	$199K	$1.1M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.613	+0.164%	$400K	$590K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0190% / S +0.0134%	1h	32.605	+0.137%	$593K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0393%	1h	32.571	+0.033%	$126K	$374K	5x	as long as short
01 Exchange VVVUSD	+0.0544%	1h	32.655	+0.292%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0840%	1h	32.594	+0.104%	$76.0M	$55.3M	3x	as long as short