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: Variational Omni against Lighter−0.031%7-day average −0.098% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.285%−$29 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.031%, 7d avg −0.098%

Together, before fees−0.305%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$30 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: Variational Omni is 0.067% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.875	0.0096	pay 0.0012% / 1h	17m 40s	$2.1M	$5.3M	5x
Short	Variational Omni VVV	30.866	0.0100	get 0.0050% / 4h	17m 40s	$1.9M	$288K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.031%Rate

Funding earned: $0.84
Price spread: −0.031% → −0.098%: $6.69
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.53
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 5 min ago	2.44 bp	3.8 bp −$4	31.4 bp −$314	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.88 bp	doesn't fit	34.8 bp −$348	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	30.845	−0.097%	$378K	$630K	5x	as long as short
Polymarket Perps VVV-USD	−0.0081%	1h	30.858	−0.056%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.877	+0.004%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.884	+0.027%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.299%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.866	−0.030%	$11K	$3K	3x	as long as short
Gate VVV_USDT	+0.0042%	4h	30.860	−0.050%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	−0.017%	$145K	$1.2M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	30.875	long leg	$2.1M	$5.3M	5x
Lighter RH VVV	+0.0096%	1h	30.891	+0.051%	$451K	$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	30.865	−0.033%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.866	−0.029%	$142K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.887	+0.038%	$70.4M	$49.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.895	+0.063%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.897	+0.072%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.890	+0.048%	$33.1M	$129.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.860	−0.048%	$38.4M	$43.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.885	+0.031%	$4.8M	$33.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.888	+0.041%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.863	−0.040%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.861	−0.046%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.897	+0.070%	—	$5.0M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	30.866	−0.031%	$1.9M	$288K	—
Derive VVV-PERP	+0.0100%	1h	30.874	−0.003%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.896	+0.067%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.862	−0.044%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.880	+0.016%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0117%	4h	30.937	+0.200%	$77K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0118%	4h	30.888	+0.041%	$1.3M	$1.6M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0130%	1h	30.926	+0.165%	$120K	$250K	5x	as long as short
Kalshi KXVVVPERP	+0.0147%	8h	30.885	+0.031%	$103K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.941	+0.213%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.874	−0.006%	$541K	—	100x	as long as short