Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.013%

Price spread now: Lighter against BingX+0.048%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.314%+$31 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.048%, 7d avg +0.061%

Together, before fees+0.284%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VVV-USDT	31.294	0.0100	pay 0.0050% / 4h	2h 54m	—	$4.2M	—
Short	Lighter VVV	31.309	0.0096	get 0.0012% / 1h	54m 37s	$1.9M	$4.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$0.84
Price spread: +0.048% → +0.061%: −$1.32
Slippage, 4 orders: −$30.81
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.97
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Lighter: live order book, 3 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 BingX live order book, 6 min ago	0.48 bp	15.6 bp −$16	50.5 bp −$505	334.8 bp −$33.5K	723.9 bp −$362.0K
Sell Lighter live order book, 3 min ago	2.36 bp	8.8 bp −$9	52.0 bp −$520	1408.9 bp −$140.9K	doesn't fit

VVV on 32 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
Gate VVV_USDT	−0.0168%	4h	31.274	−0.064%	$12.0M	$4.5M	25x	as long as short
RISEx VVV/USDC	−0.0166%	1h	31.286	−0.026%	$383K	$700K	5x	as long as short
Polymarket Perps VVV-USD	−0.0105%	1h	31.321	+0.086%	$129K	$1.3M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.372	+0.249%	$100K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.341	+0.150%	$87K	$19K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.517	+0.714%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.876%	$2K	$1K	5.5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0040%	1h	31.334	+0.129%	$191K	$1.3M	25x	as long as short
BloFin VVV-USDT	+0.0070%	4h	31.354	+0.192%	$1.3M	$1.4M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	31.309	+0.048%	$1.9M	$4.1M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.296	+0.006%	$498K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.285	−0.028%	$3K	$50	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.331	+0.118%	$187K	$1.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.335	+0.130%	$246K	$486K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.302	+0.027%	$185K	$117K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.307	+0.042%	$33.1M	$103.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.258	−0.114%	$38.0M	$38.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.289	−0.016%	$4.7M	$24.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.300	+0.019%	$7.3M	$4.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.362	+0.217%	$1.7M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.272	−0.070%	$5.7M	$6.1M	20x	as long as short
BingX VVV-USDTlong	+0.0100%	4h	31.294	long leg	—	$4.2M	—
Variational Omni VVV	+0.0100%	4h	31.413	+0.381%	$2.0M	$346K	—	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.418	+0.396%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.271	−0.075%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.252	−0.134%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.488	+0.621%	$78K	$323K	10x	as long as short
Phoenix VVV	+0.0229%	1h	31.519	+0.719%	$33K	$188K	5x	as long as short
01 Exchange VVVUSD	+0.0248%	1h	31.320	+0.083%	$11K	$2K	3x	as long as short
Hyperliquid VVV	+0.0330%	1h	31.349	+0.176%	$69.8M	$42.8M	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0219%	1h	31.354	+0.190%	$504K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0490%	1h	31.373	+0.253%	$166K	$268K	5x	as long as short