VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0697%/8h= +76.3% APRnext payment +$0.87 per $10,000 · paid last 24h +0.090%

Price spread now: Backpack against Lighter RH+0.012%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Lighter RH Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 4 days (all we have)−0.631%−$63 · spread now +0.012%, 7d avg −0.012%

Together, before fees−0.466%+ Points / potential airdropLighter RH: Points live · farm board−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Backpack is 0.024% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.012%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.165% in total (about 8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.280	0.0096	pay 0.0012% / 1h	32m 25s	$461K	$1.5M	5x
Short	Backpack VVV_USDC_PERP	31.284	0.0793	get 0.0099% / 1h	32m 25s	$168K	$261K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter RH. 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 Lighter RHbpFee BackpackbpOrdersPrice spread, now +0.012%Rate

Funding earned: $146.42
Price spread: +0.012% → −0.012%: $2.43
Slippage, 4 orders: −$35.02
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $103.83
Costs to cover: 0.450%
Break-even: 2.0 days

Slippage from Lighter RH: live order book, 5 min ago; Backpack: live order book, 1 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 RH live order book, 5 min ago	6.01 bp	7.2 bp −$7	17.6 bp −$176	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	3.19 bp	12.2 bp −$12	doesn't fit	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	−0.0349%	1h	31.249	−0.099%	$382K	$690K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0166%	1h	31.238	−0.133%	$87K	$20K	10x	as long as short
Gate VVV_USDT	−0.0016%	4h	31.234	−0.147%	$11.8M	$4.8M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.281	+0.003%	$92K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	+0.174%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.264	−0.051%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.923%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.274	−0.020%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.280	long leg	$461K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.267	−0.042%	$3K	$29	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	31.271	−0.029%	$157K	$990K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.283	+0.010%	$69.5M	$42.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.260	−0.065%	$247K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.289	+0.029%	$184K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.252	−0.089%	$33.3M	$106.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.239	−0.131%	$38.1M	$38.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.272	−0.026%	$4.8M	$25.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.270	−0.032%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.241	−0.125%	$1.6M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.259	−0.067%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.258	−0.070%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.276	−0.012%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.273	−0.022%	$129K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.298	+0.059%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.313	+0.105%	$2.0M	$2.1M	50x	as long as short
BloFin VVV-USDT	+0.0100%	4h	31.272	−0.026%	$1.3M	$1.4M	25x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.329	+0.157%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.267	−0.042%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.236	−0.140%	$6K	—	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.337	+0.182%	$32K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0320%	1h	31.265	−0.048%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0218%	1h	31.233	−0.151%	$503K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0793%	1h	31.284	+0.012%	$168K	$261K	5x