Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h −0.013%

Price spread now: BloFin against Lighter+0.116%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now +0.116%, 7d avg −0.028%

Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.144% dearer against Lighter than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.028%. Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.349	0.0096	pay 0.0012% / 1h	45m 18s	$2.0M	$4.5M	5x
Short	BloFin VVV-USDT	31.385	0.0159	get 0.0080% / 4h	1h 45m	$1.4M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.116%Rate

Funding earned: $13.28
Price spread: +0.116% → −0.028%: $14.45
Slippage, 4 orders: −$54.58
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$38.85
Costs to cover: 0.666%
Break-even: 27.5 days

Slippage from Lighter: live order book, 2 min ago; BloFin: 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, 2 min ago	17.77 bp	19.9 bp −$20	45.1 bp −$451	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.48 bp	13.2 bp −$13	25.0 bp −$250	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.474	+0.402%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.306	−0.135%	$384K	$649K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.404	+0.177%	$87K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.364	+0.049%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.369	+0.065%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.320	−0.091%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.694%	$2K	$1K	5.5x	as long as short
Lighter VVVlong	+0.0096%	1h	31.349	long leg	$2.0M	$4.5M	5x
Lighter RH VVV	+0.0096%	1h	31.365	+0.053%	$460K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.297	−0.163%	$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	31.351	+0.008%	$162K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.400	+0.164%	$70.6M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.356	+0.022%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.345	−0.011%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.368	+0.061%	$33.8M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.340	−0.027%	$38.6M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.372	+0.075%	$4.9M	$30.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.362	+0.043%	$11.2M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.370	+0.069%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.348	−0.002%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.355	+0.021%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.375	+0.085%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.270	−0.250%	$2.0M	$352K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.363	+0.046%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.362	+0.043%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.352	+0.011%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.381	+0.102%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.357	+0.026%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.371	+0.072%	$78K	$333K	10x	as long as short
BloFin VVV-USDTshort	+0.0159%	4h	31.385	+0.116%	$1.4M	$1.5M	25x
Phoenix VVV	+0.0307%	1h	31.402	+0.171%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0200%	1h	31.377	+0.092%	$502K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0449%	1h	31.353	+0.013%	$149K	$264K	5x	as long as short