VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.074%

Price spread now: Lighter against Derive+0.066%7-day average — · you sell dearer than you buy

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

Long on Derive Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.066% dearer against Derive than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive VVV-PERP	31.126	0.0100	pay 0.0013% / 1h	10m 04s	$3K	$3K	5x
Short	Lighter VVV	31.147	0.0096	get 0.0012% / 1h	10m 04s	$2.1M	$5.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Derive. 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 DerivebpFee LighterbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$0.84
Price spread: +0.066% → 0.000%: $6.58
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.26
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; Lighter: live order book, 3 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 Derive no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	2.06 bp	6.6 bp −$7	53.7 bp −$537	1662.8 bp −$166.3K	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0152%	1h	31.147	+0.068%	$382K	$652K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.131	+0.014%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.140	+0.043%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0012%	4h	31.123	−0.010%	$10.4M	$6.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.442%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0078%	1h	31.161	+0.112%	$130K	$1.2M	3x	as long as short
Lighter VVVshort	+0.0096%	1h	31.147	+0.066%	$2.1M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	31.138	+0.038%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.169	+0.138%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.157	+0.099%	$144K	$842K	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	31.144	+0.057%	$71.5M	$51.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.150	+0.077%	$251K	$1.3M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.195	+0.221%	$186K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.137	+0.036%	$33.1M	$137.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.131	+0.016%	$38.3M	$45.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.131	+0.016%	$4.7M	$36.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.128	+0.006%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.132	+0.019%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.131	+0.016%	$5.7M	$7.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.146	+0.064%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.125	−0.004%	$2.0M	$236K	—	as long as short
Derive VVV-PERPlong	+0.0100%	1h	31.126	long leg	$3K	$3K	5x
Phemex VVVUSDT	+0.0100%	4h	31.178	+0.167%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.117	−0.028%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.141	+0.048%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.168	+0.135%	$77K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0130%	4h	31.202	+0.244%	$1.2M	$1.7M	25x	as long as short
01 Exchange VVVUSD	+0.0144%	1h	31.166	+0.128%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0153%	1h	31.247	+0.388%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	+1.701%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	+0.0172%	8h	31.190	+0.205%	$99K	$5.9M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.124	−0.006%	$562K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0335%	1h	31.165	+0.125%	$123K	$285K	5x	as long as short