VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.011%

Price spread now: Phoenix against Lighter RH−0.269%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.269%, 7d avg −0.064%

Together, before fees+0.004%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.205% cheaper against Lighter RH than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	32.007	0.0096	pay 0.0012% / 1h	50m 24s	$476K	$1.6M	5x
Short	Phoenix VVV	31.921	0	get 0.0000% / 1h	50m 24s	$56K	$298K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.269%Rate

Funding earned: −$20.16
Price spread: −0.269% → −0.064%: −$20.45
Slippage, 4 orders: −$48.95
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$96.56
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Phoenix: live order book, 20 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	5.78 bp	5.8 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell Phoenix live order book, 20 min ago	3.13 bp	19.8 bp −$20	57.3 bp −$573	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
Polymarket Perps VVV-USD	−0.0197%	1h	32.004	−0.009%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0040%	1h	32.014	+0.022%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.021	+0.043%	$394K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.937	−0.219%	$107K	$6.7M	1.7x	as long as short
Phoenix VVVshort	0.0000%	1h	31.921	−0.269%	$56K	$298K	5x
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.007	0.000%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.027	+0.063%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.540%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	32.012	+0.017%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	32.007	long leg	$476K	$1.6M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.010	+0.008%	$126K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.059	+0.162%	$74.3M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.017	+0.032%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.039	+0.101%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.036	+0.091%	$33.6M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.002	−0.016%	$39.3M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.989	−0.056%	$4.7M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.013	+0.019%	$10.8M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.037	+0.094%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.005	−0.006%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.996	−0.034%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.039	+0.100%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.917	−0.283%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.014	+0.021%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.945	−0.194%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.017	+0.031%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.008	+0.004%	$303K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.004	−0.011%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.859	−0.464%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0132%	1h	31.963	−0.137%	$124K	$339K	5x	as long as short
BloFin VVV-USDT	+0.0155%	4h	31.946	−0.191%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	32.028	+0.067%	$579K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.953	−0.167%	$240K	$1.3M	25x	as long as short