Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.021%

Price spread now: Lighter against Variational Omni−0.131%7-day average +0.096% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.281%+$28 on $10k

Price spread, last 7 days+0.253%+$25 · spread now −0.131%, 7d avg +0.096%

Together, before fees+0.534%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$53 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 0.227% cheaper against Variational Omni than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni VVV	31.210	0.0100	pay 0.0050% / 4h	3h 29m	$2.0M	$362K	—
Short	Lighter VVV	31.169	0.0096	get 0.0012% / 1h	29m 40s	$1.9M	$4.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$0.84
Price spread: −0.131% → +0.096%: −$22.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.56
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: live order book, 8 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 Variational Omni RFQ quote, 4 min ago	3.35 bp	doesn't fit	38.9 bp −$389	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	9.20 bp	12.6 bp −$13	56.1 bp −$561	1358.0 bp −$135.8K	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	−0.0349%	1h	31.186	−0.077%	$382K	$689K	5x	as long as short
Gate VVV_USDT	−0.0158%	4h	31.199	−0.036%	$11.8M	$4.8M	25x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0014%	1h	31.078	−0.424%	$86K	$20K	10x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.167	−0.139%	$92K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	+0.398%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.109	−0.325%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.157%	$2K	$1K	5.5x	as long as short
Lighter VVVshort	+0.0096%	1h	31.169	−0.131%	$1.9M	$4.1M	5x
Lighter RH VVV	+0.0096%	1h	31.217	+0.021%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.215	+0.015%	$3K	$29	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	31.067	−0.458%	$156K	$991K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.206	−0.014%	$69.2M	$43.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.174	−0.116%	$246K	$497K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.207	−0.011%	$184K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.212	+0.005%	$33.2M	$106.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.231	+0.067%	$38.0M	$38.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.219	+0.028%	$4.8M	$25.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.228	+0.057%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.113	−0.312%	$1.6M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.174	−0.116%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.212	+0.005%	—	$4.4M	—	as long as short
Variational Omni VVVlong	+0.0100%	4h	31.210	long leg	$2.0M	$362K	—
Polymarket Perps VVV-USD	+0.0100%	1h	31.085	−0.402%	$128K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.083	−0.408%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.144	−0.213%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.283	+0.231%	$78K	$331K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.202	−0.028%	$291K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.125	−0.273%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0150%	4h	31.240	+0.095%	$1.3M	$1.4M	25x	as long as short
Phoenix VVV	+0.0229%	1h	31.337	+0.406%	$32K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0304%	1h	31.065	−0.466%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0442% / S −0.0219%	1h	31.115	−0.305%	$500K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0754%	1h	31.137	−0.234%	$167K	$261K	5x	as long as short