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 +0.062%

Price spread now: Lighter RH against OKX−0.078%7-day average +0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on OKX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.542%+$54 on $10k

Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.078%, 7d avg +0.114%

Together, before fees+0.763%+ Points / potential airdropLighter RH: Points live · farm board+$76 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 RH is 0.191% cheaper against OKX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	32.130	0.0100	pay 0.0050% / 4h	1h 23m	$4.7M	$42.7M	20x
Short	Lighter RH VVV	32.105	0.0096	get 0.0012% / 1h	23m 42s	$477K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. 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 OKXbpFee Lighter RHbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$0.84
Price spread: −0.078% → +0.114%: −$19.13
Slippage, 4 orders: −$35.96
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$65.94
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Lighter RH: 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 OKX live order book, 5 min ago	0.93 bp	15.4 bp −$15	65.2 bp −$652	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	3.58 bp	9.9 bp −$10	27.8 bp −$278	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	0.0000%	1h	32.062	−0.211%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.092	−0.118%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.148%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0074%	4h	32.078	−0.162%	$1.4M	$1.8M	25x	as long as short
Lighter VVV	+0.0096%	1h	32.156	+0.081%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	32.105	−0.078%	$477K	$1.6M	5x
Phoenix VVV	+0.0098%	1h	32.033	−0.302%	$56K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.100	−0.092%	$148K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.096	−0.107%	$264K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.137	+0.022%	$184K	$183K	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	32.127	−0.010%	$33.6M	$157.5M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.133	+0.010%	$39.6M	$52.8M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	32.130	long leg	$4.7M	$42.7M	20x
Gate VVV_USDT	+0.0100%	4h	32.135	+0.016%	$10.8M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.124	−0.019%	$6.2M	$7.1M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.092	−0.118%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.099	−0.096%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.133	+0.009%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.077	−0.163%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.076	−0.168%	$135K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.062	−0.213%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.086	−0.137%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.128	−0.006%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0101%	4h	32.289	+0.495%	$80K	$331K	10x	as long as short
Kalshi KXVVVPERP	+0.0101%	8h	32.117	−0.040%	$105K	$6.9M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	32.120	−0.030%	$317K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.060	−0.217%	$6K	$13K	3x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.185	+0.171%	$190K	$1.3M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.136	+0.018%	$394K	$598K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0187% / S +0.0167%	1h	32.083	−0.147%	$617K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0234%	1h	32.071	−0.183%	$121K	$375K	5x	as long as short
01 Exchange VVVUSD	+0.0392%	1h	32.141	+0.034%	$11K	$3K	3x	as long as short
Hyperliquid VVV	+0.0429%	1h	32.145	+0.047%	$74.6M	$56.0M	3x	as long as short