Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.037%

Price spread now: Binance against Lighter RH−0.009%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

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

costs, in and out, $10k−$390.388% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.470%−$47 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.009%, 7d avg −0.064%

Together, before fees−0.585%+ Points / potential airdropLighter RH: Points live · farm board−$58 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: Binance is 0.054% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.769	0.0096	pay 0.0012% / 1h	19m 21s	$469K	$1.5M	5x
Short	Binance VVVUSDT	31.766	0.0100	get 0.0050% / 4h	2h 19m	$33.7M	$148.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0.84
Price spread: −0.009% → −0.064%: $5.45
Slippage, 4 orders: −$28.79
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.5
Costs to cover: 0.388%
Break-even: 277.8 days

Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 9 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, 3 min ago	4.09 bp	6.0 bp −$6	21.6 bp −$216	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.16 bp	10.6 bp −$11	40.1 bp −$401	doesn't fit	doesn't fit

VVV on 32 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	−0.0111%	1h	31.756	−0.040%	$390K	$635K	5x	as long as short
Gate VVV_USDT	−0.0026%	4h	31.733	−0.113%	$10.7M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0011%	1h	31.766	−0.009%	$136K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.729	−0.126%	$119K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.726	−0.135%	$46K	$289K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.754	−0.048%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.308%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.773	+0.014%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.769	long leg	$469K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.764	−0.016%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.785	+0.049%	$132K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.803	+0.108%	$73.3M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.783	+0.044%	$257K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.795	+0.083%	$190K	$162K	10x	as long as short
Binance VVVUSDTshort	+0.0100%	4h	31.766	−0.009%	$33.7M	$148.8M	25x
Bybit VVVUSDT	+0.0100%	4h	31.765	−0.011%	$38.9M	$50.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.776	+0.022%	$4.7M	$40.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.770	+0.003%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.745	−0.076%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.763	−0.019%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.784	+0.047%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.702	−0.210%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.767	−0.007%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.781	+0.038%	$2.1M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.778	+0.029%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.759	−0.030%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.712	−0.181%	$79K	$335K	10x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.798	+0.091%	$11K	$3K	3x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0121%	1h	31.787	+0.056%	$88K	$24K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.772	+0.009%	$575K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.711	−0.183%	$232K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0296%	1h	31.805	+0.115%	$123K	$317K	5x	as long as short