Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.079%

Price spread now: Lighter against KuCoin+0.093%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$960.964% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

Price spread, last 7 days−0.263%−$26 · spread now +0.093%, 7d avg +0.071%

Together, before fees+0.113%+ Points / potential airdropLighter: Season 3 · farm board+$11 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 0.022% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	32.236	0.0100	pay 0.0050% / 4h	38m 04s	$2.0M	$2.8M	20x
Short	Lighter VVV	32.266	0.0096	get 0.0012% / 1h	38m 04s	$2.3M	$5.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$0.84
Price spread: +0.093% → +0.071%: $2.2
Slippage, 4 orders: −$84.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$95.06
Costs to cover: 0.964%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Lighter: live order book, 5 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 KuCoin live order book, 4 min ago	11.95 bp	24.9 bp −$25	779.9 bp −$7,799	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	2.96 bp	13.8 bp −$14	38.8 bp −$388	707.6 bp −$70.8K	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	32.244	+0.025%	$113K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.240	+0.011%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.245	+0.028%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+1.812%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0036%	1h	32.210	−0.081%	$147K	$1.2M	3x	as long as short
RISEx VVV/USDC	+0.0040%	1h	32.226	−0.030%	$396K	$603K	5x	as long as short
BloFin VVV-USDT	+0.0067%	4h	32.238	+0.006%	$1.3M	$1.8M	25x	as long as short
01 Exchange VVVUSD	+0.0072%	1h	32.226	−0.031%	$12K	$3K	3x	as long as short
Lighter VVVshort	+0.0096%	1h	32.266	+0.093%	$2.3M	$5.5M	5x
Lighter RH VVV	+0.0096%	1h	32.232	−0.012%	$479K	$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	32.233	−0.008%	$161K	$833K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.274	+0.118%	$74.8M	$55.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.252	+0.049%	$265K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.246	+0.030%	$193K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.241	+0.017%	$33.8M	$156.9M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	32.234	−0.006%	$39.6M	$52.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.235	−0.003%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.240	+0.012%	$10.9M	$7.5M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.247	+0.034%	$6.4M	$7.0M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	32.236	long leg	$2.0M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	32.237	+0.003%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.252	+0.050%	—	$5.5M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	32.270	+0.105%	$122K	$358K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	32.185	−0.157%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.243	+0.022%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.242	+0.019%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.239	+0.010%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.231	−0.015%	$325K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.247	+0.033%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	32.213	−0.070%	$80K	$332K	10x	as long as short
Phoenix VVV	+0.0124%	1h	32.246	+0.031%	$56K	$299K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0182% / S +0.0171%	1h	32.243	+0.022%	$620K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0192%	1h	32.278	+0.129%	$242K	$1.3M	25x	as long as short