Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%

Price spread now: Lighter RH against Paradex+0.042%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter RH: Points live · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.042% dearer against Paradex than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	31.234	0.0100	pay 0.0100% / 8h	2h 10m	$3K	$73	5x
Short	Lighter RH VVV	31.247	0.0096	get 0.0012% / 1h	10m 41s	$458K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Paradex. 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 ParadexbpFee Lighter RHbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$0.84
Price spread: +0.042% → 0.000%: $4.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$0.68
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 2 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 2 min ago	3.05 bp	5.5 bp −$5	18.9 bp −$189	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
RISEx VVV/USDC	−0.0329%	1h	31.187	−0.152%	$393K	$646K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.112	−0.390%	$183K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.215	−0.062%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.078%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.227	−0.024%	$2.0M	$4.7M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.247	+0.042%	$458K	$1.6M	5x
Paradex VVV-USD-PERPlong	+0.0100%	8h	31.234	long leg	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	31.154	−0.258%	$164K	$895K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.262	+0.090%	$70.4M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.202	−0.103%	$248K	$1.0M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica VVV	+0.0100%	1h	31.243	+0.030%	$184K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.228	−0.019%	$33.7M	$121.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.203	−0.098%	$38.6M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.225	−0.029%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.207	−0.086%	$11.0M	$5.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.250	+0.051%	$6.6M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.194	−0.128%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.211	−0.074%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.233	−0.003%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.200	−0.109%	$1.9M	$355K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.198	−0.115%	$117K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.220	−0.046%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.191	−0.138%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.219	−0.048%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.196	−0.122%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0111%	4h	31.180	−0.173%	$77K	$331K	10x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	31.203	−0.099%	$11K	$3K	3x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0131%	1h	31.235	+0.002%	$87K	$22K	10x	as long as short
BloFin VVV-USDT	+0.0144%	4h	31.247	+0.042%	$1.3M	$1.5M	25x	as long as short
Kalshi KXVVVPERP	+0.0154%	8h	31.169	−0.208%	$104K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.069	−0.528%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0413%	1h	31.268	+0.109%	$110K	$242K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0422% / S −0.0197%	1h	31.214	−0.064%	$499K	—	100x	as long as short