VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.030%

Price spread now: Lighter against Hyperliquid−0.063%7-day average −0.002% · you buy dearer than you sell

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

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.063%, 7d avg −0.002%

Together, before fees+0.259%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$26 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 0.061% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	32.356	0.0100	pay 0.0013% / 1h	47m 46s	$74.9M	$55.9M	3x
Short	Lighter VVV	32.336	0.0096	get 0.0012% / 1h	47m 46s	$2.3M	$5.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$0.84
Price spread: −0.063% → −0.002%: −$6.08
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.92
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 min ago; Lighter: live order book, 5 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 Hyperliquid live order book, 6 min ago	0.62 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	3.96 bp	16.2 bp −$16	41.8 bp −$418	647.2 bp −$64.7K	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
Kalshi KXVVVPERP	0.0000%	8h	32.327	−0.090%	$112K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.313	−0.132%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.312	−0.135%	$19K	—	150x	as long as short
Polymarket Perps VVV-USD	+0.0008%	1h	32.304	−0.161%	$147K	$1.2M	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.434%	$2K	$1K	5.5x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.314	−0.129%	$397K	$603K	5x	as long as short
BloFin VVV-USDT	+0.0059%	4h	32.282	−0.229%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	32.321	−0.108%	$12K	$3K	3x	as long as short
Lighter VVVshort	+0.0096%	1h	32.336	−0.063%	$2.3M	$5.5M	5x
Lighter RH VVV	+0.0096%	1h	32.298	−0.179%	$480K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	32.320	−0.110%	$136K	$815K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	32.356	long leg	$74.9M	$55.9M	3x
Aster VVVUSDT	+0.0100%	4h	32.308	−0.148%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.331	−0.077%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.316	−0.124%	$33.8M	$157.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.304	−0.162%	$39.7M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.323	−0.102%	$4.7M	$42.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.299	−0.176%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.324	−0.099%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.316	−0.124%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.312	−0.136%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.314	−0.130%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.313	−0.131%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.310	−0.142%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.313	−0.133%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.322	−0.106%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.314	−0.131%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.309	−0.144%	$7K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	32.318	−0.117%	$80K	$333K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.295	−0.189%	$56K	$299K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0142%	1h	32.344	−0.038%	$122K	$359K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0183% / S +0.0170%	1h	32.315	−0.127%	$621K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	−0.242%	$242K	$1.3M	25x	as long as short