Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.041%

Price spread now: Lighter RH against KuCoin−0.023%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$840.835% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.528%+$53 on $10k

Price spread, last 7 days−0.165%−$17 · spread now −0.023%, 7d avg +0.056%

Together, before fees+0.363%+ Points / potential airdropLighter RH: Points live · farm board+$36 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 0.079% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin VVVUSDTM	30.568	0.0100	pay 0.0050% / 4h	3h 42m	$1.9M	$2.8M	20x
Short	Lighter RH VVV	30.561	0.0096	get 0.0012% / 1h	42m 24s	$447K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.84
Price spread: −0.023% → +0.056%: −$7.85
Slippage, 4 orders: −$71.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$92.24
Costs to cover: 0.835%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Lighter RH: live order book, just now.

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, 5 min ago	11.57 bp	33.8 bp −$34	483.0 bp −$4,830	doesn't fit	doesn't fit
Sell Lighter RH live order book, just now	3.93 bp	6.0 bp −$6	20.7 bp −$207	doesn't fit	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
RISEx VVV/USDC	−0.0417%	1h	30.534	−0.110%	$374K	$648K	5x	as long as short
Polymarket Perps VVV-USD	−0.0102%	1h	30.526	−0.137%	$127K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.555	−0.044%	$149K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.607	+0.128%	$105K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.536	−0.104%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.546	−0.073%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.367%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	30.542	−0.086%	$2.0M	$5.1M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	30.561	−0.023%	$447K	$1.6M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	30.546	−0.073%	$3K	$73	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	30.550	−0.059%	$140K	$872K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.546	−0.072%	$69.4M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.568	−0.001%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.568	+0.001%	$180K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.553	−0.049%	$32.8M	$127.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.534	−0.111%	$38.0M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.530	−0.124%	$4.7M	$31.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.546	−0.072%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.555	−0.043%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTMlong	+0.0100%	4h	30.568	long leg	$1.9M	$2.8M	20x
Bitget VVVUSDT	+0.0100%	4h	30.546	−0.072%	$5.6M	$7.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.539	−0.095%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.671	+0.336%	$1.8M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.530	−0.125%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.598	+0.098%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.534	−0.112%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.551	−0.057%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.694	+0.413%	$76K	$334K	10x	as long as short
BloFin VVV-USDT	+0.0120%	4h	30.588	+0.065%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0128%	1h	30.548	−0.065%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0129%	1h	30.551	−0.056%	$32K	$257K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0206%	1h	30.606	+0.125%	$121K	$247K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0174%	1h	30.538	−0.099%	$535K	—	100x	as long as short