VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.047%

Price spread now: Lighter RH against Hyperliquid−0.125%7-day average +0.021% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Hyperliquid Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.323%+$32 on $10k

Price spread, last 4 days (all we have)+0.145%+$14 · spread now −0.125%, 7d avg +0.021%

Together, before fees+0.468%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board+$47 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 RH is 0.145% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid VVV	31.323	0.0100	pay 0.0013% / 1h	4m 01s	$72.3M	$53.3M	3x
Short	Lighter RH VVV	31.284	0.0096	get 0.0012% / 1h	4m 01s	$462K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$0.84
Price spread: −0.125% → +0.021%: −$14.52
Slippage, 4 orders: −$30.58
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$54.94
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Lighter RH: live order book, 4 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 Hyperliquid live order book, 10 min ago	0.95 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.44 bp	8.0 bp −$8	26.2 bp −$262	doesn't fit	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	31.272	−0.163%	$384K	$640K	5x	as long as short
Polymarket Perps VVV-USD	−0.0024%	1h	31.282	−0.131%	$134K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0020%	4h	31.291	−0.102%	$10.5M	$7.1M	25x	as long as short
Phoenix VVV	0.0000%	1h	31.370	+0.150%	$42K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.277	−0.146%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.295	−0.091%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.779%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.287	−0.116%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.284	−0.125%	$462K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.284	−0.125%	$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	31.298	−0.078%	$130K	$845K	3x	as long as short
Hyperliquid VVVlong	+0.0100%	1h	31.323	long leg	$72.3M	$53.3M	3x
Aster VVVUSDT	+0.0100%	4h	31.318	−0.017%	$253K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.310	−0.042%	$187K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.316	−0.021%	$33.3M	$147.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.303	−0.064%	$38.4M	$49.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.304	−0.061%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.296	−0.086%	$6.3M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.300	−0.073%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.283	−0.128%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.305	−0.057%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.307	−0.051%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.275	−0.154%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.314	−0.029%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.302	−0.066%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.291	−0.101%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	31.331	+0.027%	$78K	$335K	10x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.290	−0.105%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	+0.0113%	8h	31.314	−0.029%	$112K	$6.3M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0124%	1h	31.279	−0.140%	$564K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.333	+0.033%	$155K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0279%	1h	31.325	+0.007%	$121K	$311K	5x	as long as short