Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.084%

Price spread now: Gate against Lighter RH+0.019%7-day average −0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.643%−$64 on $10k

Price spread, last 4 days (all we have)−0.354%−$35 · spread now +0.019%, 7d avg −0.167%

Together, before fees−0.996%+ Points / potential airdropLighter RH: Points live · farm board−$100 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: Gate is 0.186% dearer against Lighter RH than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	32.154	0.0096	pay 0.0012% / 1h	4m 44s	$478K	$1.6M	5x
Short	Gate VVV_USDT	32.160	0.0100	get 0.0050% / 4h	1h 04m	$10.8M	$7.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.84
Price spread: +0.019% → −0.167%: $18.59
Slippage, 4 orders: −$58.62
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.19
Costs to cover: 0.736%
Break-even: 458.6 days

Slippage from Lighter RH: live order book, 3 min ago; Gate: live order book, 4 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	4.66 bp	5.0 bp −$5	15.1 bp −$151	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.76 bp	32.3 bp −$32	136.4 bp −$1,364	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
Deribit VVV_USDC-PERPETUAL	−0.0117%	1h	32.150	−0.012%	$91K	$23K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.199	+0.140%	$108K	$6.9M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.170	+0.050%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.071%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.189	+0.108%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	32.154	long leg	$478K	$1.6M	5x
Phoenix VVV	+0.0098%	1h	32.243	+0.277%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.195	+0.128%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.175	+0.067%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.175	+0.066%	$192K	$191K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	32.172	+0.056%	$33.7M	$157.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.164	+0.031%	$39.5M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.162	+0.025%	$4.7M	$42.8M	20x	as long as short
Gate VVV_USDTshort	+0.0100%	4h	32.160	+0.019%	$10.8M	$7.8M	25x
MEXC VVV_USDT	+0.0100%	4h	32.160	+0.019%	$6.3M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.169	+0.047%	$2.0M	$2.9M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.158	+0.012%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.154	0.000%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.211	+0.176%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.158	+0.012%	$145K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.156	+0.006%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.173	+0.059%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.168	+0.043%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.146	−0.024%	$323K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.231	+0.241%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0112%	4h	32.198	+0.138%	$80K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0143%	4h	32.168	+0.044%	$1.3M	$1.8M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.220	+0.204%	$239K	$1.4M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.191	+0.116%	$395K	$607K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0185% / S +0.0169%	1h	32.157	+0.010%	$618K	—	100x	as long as short
Hyperliquid VVV	+0.0215%	1h	32.192	+0.118%	$74.7M	$55.8M	3x	as long as short
Backpack VVV_USDC_PERP	+0.0217%	1h	32.186	+0.100%	$121K	$365K	5x	as long as short
01 Exchange VVVUSD	+0.0288%	1h	32.199	+0.140%	$12K	$3K	3x	as long as short