VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0445%/8h= +48.7% APRnext payment +$0.56 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against RISEx−0.005%7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.005%, 7d avg +0.081%

Together, before fees−0.015%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.086% cheaper against RISEx than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.081%). If the spread goes back, that is −$9 on $10k: about 16 hours of funding at the current rate (+$13 a day).

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.037% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx VVV/USDC	31.600	−0.0349	get 0.0044% / 1h	37m 01s	$387K	$685K	5x
Short	Lighter VVV	31.598	0.0096	get 0.0012% / 1h	37m 01s	$1.9M	$4.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now −0.005%Rate

Funding earned: $93.48
Price spread: −0.005% → +0.081%: −$8.63
Slippage, 4 orders: −$23.52
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $55.32
Costs to cover: 0.295%
Break-even: 2.9 days

Slippage from RISEx: live order book, 61 min ago; Lighter: live order book, 6 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 RISEx live order book, 61 min ago	2.40 bp	5.4 bp −$5	34.7 bp −$347	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	4.13 bp	12.2 bp −$12	63.6 bp −$636	1556.2 bp −$155.6K	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/USDClong	−0.0349%	1h	31.600	long leg	$387K	$685K	5x
Kalshi KXVVVPERP	0.0000%	8h	31.627	+0.086%	$98K	$5.2M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.607	+0.022%	$88K	$20K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.791	+0.607%	$192K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.605	+0.017%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.861%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0062%	4h	31.611	+0.035%	$1.3M	$1.4M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	31.598	−0.005%	$1.9M	$4.1M	5x
Lighter RH VVV	+0.0096%	1h	31.604	+0.013%	$465K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.604	+0.012%	$3K	$40	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.625	+0.080%	$189K	$975K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.622	+0.069%	$250K	$498K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.626	+0.082%	$186K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.613	+0.042%	$33.7M	$106.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.580	−0.064%	$38.5M	$38.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.595	−0.015%	$4.8M	$26.2M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.584	−0.050%	$11.9M	$4.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.614	+0.045%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.604	+0.013%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.576	−0.075%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.608	+0.026%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.453	−0.464%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.616	+0.051%	$130K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.599	−0.004%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.623	+0.073%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.612	+0.039%	$294K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.613	+0.040%	$6K	—	3x	as long as short
Hyperliquid VVV	+0.0112%	1h	31.632	+0.102%	$70.4M	$42.7M	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.500	−0.314%	$78K	$329K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.608	+0.026%	$33K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0376%	1h	31.630	+0.096%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0445% / S −0.0218%	1h	31.598	−0.006%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0865%	1h	31.626	+0.084%	$169K	$262K	5x	as long as short