Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.010%

Price spread now: Bybit against Lighter RH−0.054%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.591%−$59 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.054%, 7d avg −0.104%

Together, before fees−0.475%+ Points / potential airdropLighter RH: Points live · farm board−$47 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: Bybit is 0.050% 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 −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.610	0.0096	pay 0.0012% / 1h	51m 11s	$465K	$1.6M	5x
Short	Bybit VVVUSDT	31.593	0.0100	get 0.0050% / 4h	51m 11s	$38.6M	$40.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0.84
Price spread: −0.054% → −0.104%: $5
Slippage, 4 orders: −$43.28
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.44
Costs to cover: 0.543%
Break-even: 410.7 days

Slippage from Lighter RH: live order book, 2 min ago; Bybit: 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, 2 min ago	2.53 bp	3.1 bp −$3	11.9 bp −$119	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.79 bp	22.8 bp −$23	55.8 bp −$558	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	−0.0337%	1h	31.570	−0.127%	$387K	$654K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.538	−0.227%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.618	+0.025%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.597	−0.040%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.600	−0.032%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.828%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.606	−0.011%	$2.0M	$4.2M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.610	long leg	$465K	$1.6M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.591	−0.059%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.605	−0.017%	$145K	$930K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.631	+0.066%	$70.8M	$45.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.626	+0.051%	$250K	$746K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.609	−0.004%	$187K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.610	+0.001%	$33.8M	$116.3M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	31.593	−0.054%	$38.6M	$40.5M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	31.615	+0.016%	$4.9M	$29.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.580	−0.095%	$11.5M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.616	+0.019%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.601	−0.028%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.596	−0.044%	$5.8M	$6.7M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.610	0.000%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.434	−0.558%	$2.0M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.587	−0.073%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.588	−0.069%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.611	+0.003%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.605	−0.016%	$302K	$1.4M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.606	−0.013%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	31.622	+0.039%	$79K	$331K	10x	as long as short
BloFin VVV-USDT	+0.0120%	4h	31.622	+0.038%	$1.4M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	31.604	−0.019%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.649	+0.123%	$33K	$215K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0437% / S −0.0208%	1h	31.577	−0.105%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0495%	1h	31.638	+0.090%	$153K	$272K	5x	as long as short