Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.070%

Price spread now: Aster against Lighter−0.080%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.284%−$28 on $10k

Price spread, last 7 days+0.298%+$30 · spread now −0.080%, 7d avg −0.010%

Together, before fees+0.014%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$1 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: Aster is 0.070% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.187	0.0096	pay 0.0012% / 1h	11m 01s	$2.1M	$5.4M	5x
Short	Aster VVVUSDT	31.162	0.0100	get 0.0050% / 4h	1h 11m	$251K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0.84
Price spread: −0.080% → −0.010%: −$6.95
Slippage, 4 orders: −$40.32
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$54.44
Costs to cover: 0.483%
Break-even: 460.6 days

Slippage from Lighter: live order book, 7 min ago; Aster: live order book, 2 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 Lighter live order book, 7 min ago	3.70 bp	5.9 bp −$6	31.9 bp −$319	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	4.97 bp	19.6 bp −$20	73.2 bp −$732	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	−0.0152%	1h	31.152	−0.111%	$382K	$652K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.183	−0.012%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.161	−0.082%	$23K	—	150x	as long as short
Gate VVV_USDT	+0.0006%	4h	31.153	−0.108%	$10.4M	$6.3M	25x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.237%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0081%	1h	31.141	−0.147%	$130K	$1.2M	3x	as long as short
Lighter VVVlong	+0.0096%	1h	31.187	long leg	$2.1M	$5.4M	5x
Lighter RH VVV	+0.0096%	1h	31.179	−0.025%	$461K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.123	−0.203%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.137	−0.160%	$144K	$851K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.212	+0.081%	$71.7M	$51.6M	3x	as long as short
Aster VVVUSDTshort	+0.0100%	4h	31.162	−0.080%	$251K	$1.3M	10x
Pacifica VVV	+0.0100%	1h	31.152	−0.112%	$186K	$135K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.183	−0.012%	$33.1M	$138.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.178	−0.028%	$38.3M	$45.3M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.189	+0.007%	$4.7M	$36.5M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.191	+0.013%	$6.4M	$6.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.144	−0.137%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.172	−0.047%	$5.7M	$7.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.189	+0.007%	—	$5.2M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.125	−0.198%	$2.0M	$236K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.164	−0.073%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.190	+0.010%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.192	+0.018%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.150	−0.119%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0105%	4h	31.168	−0.060%	$77K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0130%	4h	31.202	+0.049%	$1.2M	$1.7M	25x	as long as short
01 Exchange VVVUSD	+0.0152%	1h	31.145	−0.134%	$11K	$3K	3x	as long as short
Phoenix VVV	+0.0153%	1h	31.247	+0.193%	$37K	$264K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0168%	1h	31.655	+1.503%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	+0.0172%	8h	31.171	−0.051%	$99K	$5.9M	1.7x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0174% / S +0.0126%	1h	31.150	−0.118%	$561K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0328%	1h	31.220	+0.106%	$123K	$285K	5x	as long as short