Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.023%

Price spread now: Lighter against MEXC−0.078%7-day average +0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.078%, 7d avg +0.035%

Together, before fees+0.350%+ Points / potential airdropLighter: Season 3 · farm board+$35 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 0.113% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VVV_USDT	31.345	0.0100	pay 0.0050% / 4h	1h 53m	$6.6M	$5.6M	50x
Short	Lighter VVV	31.321	0.0096	get 0.0012% / 1h	53m 27s	$2.0M	$4.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$0.84
Price spread: −0.078% → +0.035%: −$11.27
Slippage, 4 orders: −$38.34
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$50.44
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from MEXC: 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 MEXC live order book, 4 min ago	0.16 bp	13.8 bp −$14	61.2 bp −$612	231.5 bp −$23.2K	doesn't fit
Sell Lighter live order book, 4 min ago	6.94 bp	11.5 bp −$11	53.6 bp −$536	907.0 bp −$90.7K	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.302	−0.136%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.316	−0.093%	$384K	$649K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.264	−0.259%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.326	−0.062%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.324	−0.067%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.706%	$2K	$1K	5.5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.321	−0.078%	$2.0M	$4.5M	5x
Lighter RH VVV	+0.0096%	1h	31.337	−0.026%	$460K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.338	−0.023%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.277	−0.217%	$162K	$897K	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	31.359	+0.046%	$70.5M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.353	+0.026%	$250K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.346	+0.004%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.338	−0.023%	$33.8M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.309	−0.115%	$38.5M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.320	−0.080%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.329	−0.051%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDTlong	+0.0100%	4h	31.345	long leg	$6.6M	$5.6M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.346	+0.003%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.321	−0.077%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.313	−0.102%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.158	−0.596%	$1.9M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.312	−0.105%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.260	−0.270%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.269	−0.242%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.294	−0.162%	$78K	$332K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.340	−0.016%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.275	−0.223%	$6K	—	3x	as long as short
Kalshi KXVVVPERP	+0.0114%	8h	31.274	−0.227%	$114K	$5.5M	1.7x	as long as short
BloFin VVV-USDT	+0.0122%	4h	31.311	−0.108%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0307%	1h	31.250	−0.303%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0199%	1h	31.254	−0.289%	$500K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0465%	1h	31.353	+0.024%	$149K	$264K	5x	as long as short