Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Lighter against Lighter RH−0.050%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days+0.217%+$22 · spread now −0.050%, 7d avg +0.018%

Together, before fees+0.063%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$6 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: Lighter is 0.068% cheaper against Lighter RH than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	32.104	0.0096	pay 0.0012% / 1h	46m 33s	$485K	$1.4M	5x
Short	Lighter VVV	32.088	0.0096	get 0.0012% / 1h	46m 33s	$2.0M	$3.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → +0.018%: −$6.78
Slippage, 4 orders: −$30.13
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$36.91
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Lighter: 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, 4 min ago	3.26 bp	4.7 bp −$5	16.6 bp −$166	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.89 bp	6.7 bp −$7	35.9 bp −$359	503.0 bp −$50.3K	doesn't fit

VVV on 32 exchanges

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	−0.0142%	1h	32.046	−0.182%	$392K	$729K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0120%	1h	32.107	+0.010%	$85K	$20K	10x	as long as short
Gate VVV_USDT	−0.0032%	4h	32.066	−0.118%	$12.7M	$5.1M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	32.167	+0.196%	$138K	$5.4M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.102	−0.005%	$19K	—	150x	as long as short
Coinbase International VVV-PERP-INTX	+0.0024%	1h	32.000	−0.324%	$159K	$1.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.230%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0080%	1h	32.063	−0.128%	$132K	$1.3M	3x	as long as short
Lighter VVVshort	+0.0096%	1h	32.088	−0.050%	$2.0M	$3.8M	5x
Lighter RH VVVlong	+0.0096%	1h	32.104	long leg	$485K	$1.4M	5x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.082	−0.067%	$180K	$909K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.098	−0.020%	$253K	$506K	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.111	+0.021%	$189K	$111K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.083	−0.064%	$33.5M	$100.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.061	−0.134%	$38.0M	$39.2M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.066	−0.118%	$4.7M	$24.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.106	+0.006%	$7.7M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.100	−0.012%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.072	−0.100%	$5.9M	$5.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.085	−0.059%	—	$4.1M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.150	+0.144%	$2.0M	$331K	—	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.147	+0.134%	$2.0M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.078	−0.080%	$3K	$50	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.063	−0.128%	$306K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.123	+0.058%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	32.169	+0.202%	$80K	$321K	10x	as long as short
BloFin VVV-USDT	+0.0125%	4h	32.117	+0.040%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0198%	1h	32.206	+0.318%	$33K	$192K	5x	as long as short
Hyperliquid VVV	+0.0298%	1h	32.114	+0.031%	$75.0M	$45.4M	3x	as long as short
01 Exchange VVVUSD	+0.0328%	1h	32.094	−0.031%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0449% / S −0.0219%	1h	32.120	+0.049%	$517K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0621%	1h	32.138	+0.106%	$177K	$268K	5x	as long as short