Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.036%

Price spread now: BingX against Lighter RH−0.016%7-day average −0.091% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Lighter RH Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.471%−$47 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now −0.016%, 7d avg −0.091%

Together, before fees−0.643%+ Points / potential airdropLighter RH: Points live · farm board−$64 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: BingX is 0.075% dearer against Lighter RH than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.929	0.0096	pay 0.0012% / 1h	51m 46s	$475K	$1.6M	5x
Short	BingX VVV-USDT	31.924	0.0100	get 0.0050% / 4h	3h 51m	—	$5.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.84
Price spread: −0.016% → −0.091%: $7.51
Slippage, 4 orders: −$31.04
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$32.69
Costs to cover: 0.410%
Break-even: 279.4 days

Slippage from Lighter RH: live order book, 1 min ago; BingX: live order book, 3 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, 1 min ago	5.78 bp	5.8 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.16 bp	12.4 bp −$12	38.6 bp −$386	221.7 bp −$22.2K	619.5 bp −$309.7K

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
Polymarket Perps VVV-USD	−0.0203%	1h	32.015	+0.269%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0032%	1h	32.043	+0.357%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.038	+0.342%	$394K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.977	+0.150%	$107K	$6.8M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.921	−0.025%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.032	+0.321%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.051	+0.383%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.791%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0069%	4h	31.849	−0.251%	$1.3M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.934	+0.017%	$2.2M	$5.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVVlong	+0.0096%	1h	31.929	long leg	$475K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	32.035	+0.334%	$126K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.921	−0.025%	$74.0M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.946	+0.053%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.957	+0.089%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.960	+0.097%	$33.6M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.939	+0.033%	$39.3M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.954	+0.078%	$4.7M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.920	−0.028%	$10.7M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.940	+0.034%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.946	+0.053%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.893	−0.113%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.924	−0.016%	—	$5.5M	—
Variational Omni VVV	+0.0100%	4h	31.948	+0.059%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.018	+0.279%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.990	+0.191%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.948	+0.059%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.958	+0.090%	$302K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.994	+0.204%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.933	+0.014%	$79K	$333K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0161%	1h	31.998	+0.217%	$124K	$339K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	32.053	+0.387%	$580K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.966	+0.116%	$240K	$1.3M	25x	as long as short