VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.067%

Price spread now: Lighter against Polymarket Perps+0.018%45s7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.275% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.485%+$49 on $10k

Price spread, last 7 days+0.018%+$2 · spread now +0.018%, 7d avg +0.094%

Together, before fees+0.503%+ Points / potential airdropLighter: Season 3 · farm board+$50 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 0.076% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.094%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps VVV-USD	30.781	0.0088	pay 0.0011% / 1h	48m 45s	$119K	$1.4M	3x
Short	Lighter VVV	30.787	0.0096	get 0.0012% / 1h	48m 45s	$2.0M	$4.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.018%Rate

Funding earned: $1.73
Price spread: +0.018% → +0.094%: −$7.63
Slippage, 4 orders: −$19.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.41
Costs to cover: 0.275%
Break-even: 142.1 days

Slippage from Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago	3.26 bp	8.8 bp −$9	9.4 bp −$94	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.97 bp	8.1 bp −$8	70.6 bp −$706	938.9 bp −$93.9K	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
RISEx VVV/USDC	−0.0329%	1h	30.774	−0.024%	$380K	$646K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.723	−0.188%	$143K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0006%	1h	30.782	+0.002%	$21K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.624%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.811	+0.097%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USDlong	+0.0088%	1h	30.781	long leg	$119K	$1.4M	3x
Lighter VVVshort	+0.0096%	1h	30.787	+0.018%	$2.0M	$4.6M	5x
Lighter RH VVV	+0.0096%	1h	30.789	+0.026%	$449K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.773	−0.026%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.818	+0.120%	$134K	$870K	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	30.784	+0.010%	$69.4M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.793	+0.039%	$245K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.780	−0.003%	$182K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.787	+0.019%	$33.2M	$123.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.770	−0.036%	$38.1M	$42.1M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.776	−0.016%	$4.8M	$30.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.782	+0.003%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.800	+0.062%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.767	−0.045%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.765	−0.052%	$5.7M	$7.2M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.795	+0.045%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.708	−0.237%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.784	+0.011%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.776	−0.016%	$2.0M	$2.1M	50x	as long as short
BloFin VVV-USDT	+0.0101%	4h	30.800	+0.062%	$1.3M	$1.5M	25x	as long as short
Extended VVV-USD	+0.0104%	1h	30.778	−0.009%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.800	+0.061%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.668	−0.367%	$76K	$333K	10x	as long as short
Phoenix VVV	+0.0209%	1h	30.802	+0.068%	$32K	$243K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0211%	1h	30.814	+0.107%	$86K	$22K	10x	as long as short
Kalshi KXVVVPERP	+0.0249%	8h	30.821	+0.130%	$94K	$5.5M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0176%	1h	30.779	−0.006%	$537K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0500%	1h	30.816	+0.115%	$120K	$240K	5x	as long as short