VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.054%

Price spread now: Lighter RH against Backpack−0.129%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on Backpack Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.129%, 7d avg +0.025%

Together, before fees+0.099%+ Points / potential airdropLighter RH: Points live · farm board+$10 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 0.154% cheaper against Backpack than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack VVV_USDC_PERP	31.977	0.0100	pay 0.0013% / 1h	34m 00s	$124K	$331K	5x
Short	Lighter RH VVV	31.936	0.0096	get 0.0012% / 1h	34m 00s	$475K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Backpack. 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 BackpackbpFee Lighter RHbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$0.84
Price spread: −0.129% → +0.025%: −$15.44
Slippage, 4 orders: −$51.59
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$77.86
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from Backpack: live order book, 40 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 Backpack live order book, 40 min ago	3.50 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	11.24 bp	13.4 bp −$13	26.5 bp −$265	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
Polymarket Perps VVV-USD	−0.0323%	1h	31.908	−0.217%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0096%	1h	31.892	−0.267%	$11K	$3K	3x	as long as short
Gate VVV_USDT	−0.0066%	4h	31.929	−0.151%	$10.7M	$7.3M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.879	−0.308%	$392K	$602K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.942	−0.110%	$108K	$6.4M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	32.049	+0.224%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.944	−0.105%	$90K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.942	−0.111%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.635%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.940	−0.117%	$2.2M	$5.9M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVVshort	+0.0096%	1h	31.936	−0.129%	$475K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	31.926	−0.161%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.979	+0.005%	$74.1M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.935	−0.133%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.877	−0.315%	$190K	$189K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.991	+0.043%	$33.6M	$154.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.978	+0.002%	$39.2M	$51.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.985	+0.024%	$4.7M	$41.6M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.955	−0.070%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.909	−0.214%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.939	−0.120%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.961	−0.051%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERPlong	+0.0100%	1h	31.977	long leg	$124K	$331K	5x
Variational Omni VVV	+0.0100%	4h	32.001	+0.073%	$2.1M	$187K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.947	−0.095%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.940	−0.117%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.862	−0.361%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.948	−0.092%	$303K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.924	−0.166%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0115%	4h	32.094	+0.364%	$80K	$334K	10x	as long as short
BloFin VVV-USDT	+0.0145%	4h	31.849	−0.401%	$1.3M	$1.8M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0178% / S +0.0121%	1h	31.949	−0.087%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.985	+0.023%	$246K	$1.3M	25x	as long as short