Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.063%

Price spread now: Lighter against Bitget+0.004%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$37 on $10k

Price spread, last 7 days−0.179%−$18 · spread now +0.004%, 7d avg +0.094%

Together, before fees+0.196%+ Points / potential airdropLighter: Season 3 · farm board+$20 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 0.090% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VVVUSDT	30.400	0.0100	pay 0.0050% / 4h	3h 28m	$5.6M	$7.3M	20x
Short	Lighter VVV	30.401	0.0096	get 0.0012% / 1h	28m 38s	$2.0M	$5.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$0.84
Price spread: +0.004% → +0.094%: −$9.02
Slippage, 4 orders: −$40.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.49
Costs to cover: 0.526%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 9 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 Bitget live order book, 5 min ago	4.93 bp	23.8 bp −$24	64.5 bp −$645	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	2.31 bp	8.3 bp −$8	57.0 bp −$570	1459.8 bp −$146.0K	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	−0.0417%	1h	30.390	−0.033%	$373K	$638K	5x	as long as short
Polymarket Perps VVV-USD	−0.0129%	1h	30.410	+0.033%	$111K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.400	0.000%	$148K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.429	+0.095%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.961%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0064%	1h	30.409	+0.030%	$11K	$3K	3x	as long as short
Lighter VVVshort	+0.0096%	1h	30.401	+0.004%	$2.0M	$5.2M	5x
Lighter RH VVV	+0.0096%	1h	30.416	+0.053%	$444K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.404	+0.013%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.421	+0.068%	$140K	$867K	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	30.423	+0.075%	$68.8M	$49.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.395	−0.016%	$242K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.419	+0.062%	$179K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.409	+0.030%	$32.7M	$126.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.392	−0.027%	$38.0M	$42.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.413	+0.043%	$4.7M	$31.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.408	+0.026%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.413	+0.043%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.382	−0.059%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDTlong	+0.0100%	4h	30.400	long leg	$5.6M	$7.3M	20x
BingX VVV-USDT	+0.0100%	4h	30.417	+0.056%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.479	+0.259%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.424	+0.079%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.442	+0.138%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0103%	4h	30.462	+0.203%	$76K	$335K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	30.403	+0.008%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.409	+0.028%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0128%	4h	30.441	+0.135%	$1.3M	$1.5M	25x	as long as short
Phoenix VVV	+0.0129%	1h	30.417	+0.056%	$32K	$257K	5x	as long as short
Kalshi KXVVVPERP	+0.0157%	8h	30.340	−0.197%	$102K	$5.5M	1.7x	as long as short
Backpack VVV_USDC_PERP	+0.0222%	1h	30.432	+0.107%	$120K	$244K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0223%	1h	30.446	+0.150%	$85K	$23K	10x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0424% / S −0.0174%	1h	30.429	+0.097%	$533K	—	100x	as long as short