Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.055%

Price spread now: Bybit against Lighter+0.089%7-day average −0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.437%−$44 on $10k

Price spread, last 7 days−0.182%−$18 · spread now +0.089%, 7d avg −0.123%

Together, before fees−0.619%+ Points / potential airdropLighter: Season 3 · farm board−$62 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: Bybit is 0.212% dearer against Lighter than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.659	0.0096	pay 0.0012% / 1h	33m 29s	$2.0M	$4.6M	5x
Short	Bybit VVVUSDT	30.686	0.0100	get 0.0050% / 4h	2h 33m	$38.0M	$41.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0.84
Price spread: +0.089% → −0.123%: $21.19
Slippage, 4 orders: −$42.36
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.33
Costs to cover: 0.534%
Break-even: 268.1 days

Slippage from Lighter: live order book, 4 min ago; Bybit: live order book, 10 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, 4 min ago	2.68 bp	8.0 bp −$8	48.1 bp −$481	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	2.12 bp	19.8 bp −$20	33.4 bp −$334	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	−0.0329%	1h	30.681	+0.073%	$381K	$648K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.094%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.694	+0.114%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.050%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0040%	1h	30.658	−0.003%	$85K	$22K	10x	as long as short
Polymarket Perps VVV-USD	+0.0068%	1h	30.669	+0.034%	$121K	$1.4M	3x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.702	+0.141%	$11K	$3K	3x	as long as short
BloFin VVV-USDT	+0.0083%	4h	30.771	+0.366%	$1.3M	$1.5M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	30.659	long leg	$2.0M	$4.6M	5x
Lighter RH VVV	+0.0096%	1h	30.668	+0.030%	$446K	$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
Paradex VVV-USD-PERP	+0.0100%	8h	30.651	−0.025%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.713	+0.176%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.703	+0.144%	$69.2M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.697	+0.125%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.681	+0.073%	$181K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.703	+0.146%	$33.1M	$121.4M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	30.686	+0.089%	$38.0M	$41.7M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	30.668	+0.030%	$4.8M	$30.4M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.669	+0.034%	$10.7M	$5.6M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.698	+0.128%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.691	+0.105%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.692	+0.109%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.691	+0.105%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.640	−0.062%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.650	−0.030%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.689	+0.099%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.674	+0.050%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.671	+0.040%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0113%	4h	30.730	+0.232%	$76K	$333K	10x	as long as short
Kalshi KXVVVPERP	+0.0198%	8h	30.691	+0.105%	$93K	$5.4M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.770	+0.363%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0390%	1h	30.689	+0.099%	$120K	$236K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0176%	1h	30.682	+0.076%	$535K	—	100x	as long as short