Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.024%

Price spread now: BloFin against Lighter RH+0.546%541s7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.480% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 3 days (all we have)−0.461%−$46 · spread now +0.546%, 7d avg −0.034%

Together, before fees−0.795%+ Points / potential airdropLighter RH: Points live · farm board−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.580% dearer against Lighter RH than usual: you sell high and buy low (spread +0.546% now, against its 7-day average of −0.034%): +$58 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 45 days. At the pace of the last 7 days (−0.333% in total) that is about 12 days. The two prices were read 541 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.494	0.0096	pay 0.0012% / 1h	40m 10s	$465K	$1.5M	5x
Short	BloFin VVV-USDT	31.666	0.0053	get 0.0027% / 4h	2h 40m	$1.3M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.546%Rate

Funding earned: −$8.99
Price spread: +0.546% → −0.034%: $57.98
Slippage, 4 orders: −$36.05
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.94
Costs to cover: 0.480%
Break-even: from the start

Slippage from Lighter RH: live order book, 3 min ago; BloFin: live order book, 13 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	3.01 bp	3.0 bp −$3	14.1 bp −$141	doesn't fit	doesn't fit
Sell BloFin live order book, 13 min ago	2.69 bp	18.6 bp −$19	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
Bybit VVVUSDT	−0.0260%	4h	31.508	+0.046%	$38.6M	$51.5M	20x	as long as short
Polymarket Perps VVV-USD	−0.0138%	1h	31.455	−0.124%	$145K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0128%	4h	31.454	−0.127%	$10.6M	$7.1M	25x	as long as short
RISEx VVV/USDC	−0.0111%	1h	31.471	−0.074%	$386K	$615K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.520	+0.083%	$118K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.585	+0.289%	$50K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.487	−0.023%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.477	−0.052%	$20K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.473	−0.067%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.210%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin VVV-USDTshort	+0.0053%	4h	31.666	+0.546%	$1.3M	$1.8M	25x
Lighter VVV	+0.0096%	1h	31.504	+0.030%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.494	long leg	$465K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.479	−0.047%	$3K	$81	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.457	−0.117%	$124K	$844K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.469	−0.079%	$72.6M	$55.4M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.471	−0.074%	$255K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.509	+0.048%	$188K	$179K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.518	+0.078%	$33.3M	$152.5M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.510	+0.051%	$4.7M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.520	+0.083%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.484	−0.032%	$1.8M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.484	−0.032%	$5.7M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.468	−0.083%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.468	−0.084%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.481	−0.042%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.532	+0.121%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.482	−0.037%	$299K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.465	−0.093%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.594	+0.316%	$78K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0139%	1h	31.514	+0.064%	$123K	$329K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.464	−0.097%	$569K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.366	−0.408%	$235K	$1.2M	25x	as long as short