Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.079%

Price spread now: Lighter against Gate+0.142%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.142%, 7d avg +0.133%

Together, before fees+0.363%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.133%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate VVV_USDT	31.278	−0.0010	get 0.0005% / 4h	1h 59m	$10.5M	$7.1M	25x
Short	Lighter VVV	31.322	0.0096	get 0.0012% / 1h	59m 51s	$2.1M	$5.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.142%Rate

Funding earned: $22.26
Price spread: +0.142% → +0.133%: $0.87
Slippage, 4 orders: −$49.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.5
Costs to cover: 0.646%
Break-even: 20.0 days

Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 8 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 Gate live order book, 4 min ago	5.76 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	1.57 bp	5.3 bp −$5	38.9 bp −$389	815.3 bp −$81.5K	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
RISEx VVV/USDC	−0.0111%	1h	31.305	+0.087%	$384K	$643K	5x	as long as short
Polymarket Perps VVV-USD	−0.0012%	1h	31.312	+0.109%	$134K	$1.2M	3x	as long as short
Gate VVV_USDTlong	−0.0010%	4h	31.278	long leg	$10.5M	$7.1M	25x
Phoenix VVV	0.0000%	1h	31.370	+0.294%	$39K	$289K	5x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.323	+0.144%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.930%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0053%	1h	31.324	+0.148%	$87K	$24K	10x	as long as short
Lighter VVVshort	+0.0096%	1h	31.322	+0.142%	$2.1M	$5.6M	5x
Lighter RH VVV	+0.0096%	1h	31.311	+0.106%	$462K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.317	+0.124%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.343	+0.206%	$130K	$845K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.324	+0.147%	$72.3M	$53.3M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.311	+0.106%	$253K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.342	+0.204%	$187K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.317	+0.126%	$33.3M	$146.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.294	+0.051%	$38.4M	$49.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.305	+0.086%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.315	+0.118%	$6.3M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.312	+0.109%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.281	+0.010%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.333	+0.176%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.347	+0.219%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.317	+0.124%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.322	+0.141%	$2.0M	$2.1M	50x	as long as short
edgeX VVVUSDC	+0.0102%	4h	31.316	+0.120%	$78K	$336K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.290	+0.039%	$294K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.323	+0.142%	$6K	—	3x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.315	+0.118%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0121%	8h	31.345	+0.214%	$110K	$6.3M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0175% / S +0.0125%	1h	31.320	+0.135%	$565K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.333	+0.177%	$155K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0290%	1h	31.343	+0.208%	$121K	$311K	5x	as long as short