Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.021%

Price spread now: Bitget against Lighter−0.040%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.040%, 7d avg −0.103%

Together, before fees−0.346%+ Points / potential airdropLighter: Season 3 · farm board−$35 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: Bitget is 0.063% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.646	0.0096	pay 0.0012% / 1h	44m 49s	$1.9M	$4.1M	5x
Short	Bitget VVVUSDT	31.633	0.0100	get 0.0050% / 4h	3h 44m	$5.8M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0.84
Price spread: −0.040% → −0.103%: $6.28
Slippage, 4 orders: −$52.77
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$57.65
Costs to cover: 0.648%
Break-even: 487.4 days

Slippage from Lighter: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	4.13 bp	9.0 bp −$9	43.7 bp −$437	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.91 bp	16.7 bp −$17	40.4 bp −$404	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	−0.0349%	1h	31.633	−0.039%	$397K	$670K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.695	+0.156%	$99K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.624	−0.069%	$88K	$22K	10x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.791	+0.461%	$192K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.620	−0.082%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.711%	$2K	$1K	5.5x	as long as short
Phemex VVVUSDT	+0.0057%	4h	31.653	+0.023%	$2.0M	$2.1M	50x	as long as short
Lighter VVVlong	+0.0096%	1h	31.646	long leg	$1.9M	$4.1M	5x
Lighter RH VVV	+0.0096%	1h	31.647	+0.004%	$466K	$1.5M	5x	as long as short
BloFin VVV-USDT	+0.0098%	4h	31.652	+0.020%	$1.3M	$1.4M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	31.642	−0.012%	$3K	$63	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.669	+0.076%	$191K	$974K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.673	+0.087%	$250K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.662	+0.050%	$186K	$119K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.651	+0.017%	$33.8M	$108.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.622	−0.075%	$38.6M	$39.0M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.646	+0.001%	$4.8M	$26.6M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.637	−0.027%	$11.9M	$4.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.658	+0.039%	$7.0M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.649	+0.011%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDTshort	+0.0100%	4h	31.633	−0.040%	$5.8M	$6.4M	20x
BingX VVV-USDT	+0.0100%	4h	31.673	+0.087%	—	$4.6M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.735	+0.283%	$2.0M	$371K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.648	+0.008%	$131K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.507	−0.438%	$3K	$3K	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.641	−0.016%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.660	+0.046%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.540	−0.333%	$78K	$330K	10x	as long as short
Hyperliquid VVV	+0.0134%	1h	31.692	+0.147%	$70.7M	$43.4M	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.551	−0.299%	$33K	$201K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0444% / S −0.0217%	1h	31.616	−0.092%	$509K	—	100x	as long as short
01 Exchange VVVUSD	+0.0480%	1h	31.670	+0.077%	$11K	$2K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0923%	1h	31.680	+0.108%	$161K	$263K	5x	as long as short