Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.004%

Price spread now: edgeX against Lighter−0.024%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1051.049% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.294%−$29 on $10k

Price spread, last 4 days (all we have)+0.337%+$34 · spread now −0.024%, 7d avg −0.012%

Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.294%, 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	31.465	0.0096	pay 0.0012% / 1h	13m 34s	$1.9M	$4.2M	5x
Short	edgeX VVVUSDC	31.458	0.0115	get 0.0058% / 4h	13m 34s	$78K	$332K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $4.06
Price spread: −0.024% → −0.012%: −$1.24
Slippage, 4 orders: −$95.91
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$102.08
Costs to cover: 1.049%
Break-even: 182.9 days

Slippage from Lighter: live order book, 9 min ago; edgeX: live order book, 25 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, 9 min ago	3.10 bp	13.1 bp −$13	52.4 bp −$524	doesn't fit	doesn't fit
Sell edgeX live order book, 25 min ago	0.79 bp	50.0 bp −$50	doesn't fit	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	−0.0337%	1h	31.470	+0.016%	$386K	$665K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.499	+0.108%	$187K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.506	+0.130%	$96K	$5.3M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.507	+0.132%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.500	+0.109%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.306%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0052%	4h	31.449	−0.051%	$11.7M	$5.2M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	31.465	long leg	$1.9M	$4.2M	5x
Lighter RH VVV	+0.0096%	1h	31.459	−0.020%	$463K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.450	−0.049%	$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	31.523	+0.185%	$162K	$952K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.512	+0.149%	$70.4M	$44.5M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.486	+0.065%	$249K	$620K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.471	+0.018%	$185K	$122K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.500	+0.111%	$33.6M	$112.6M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.472	+0.022%	$38.3M	$39.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.507	+0.133%	$4.8M	$28.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.494	+0.092%	$6.9M	$5.4M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.471	+0.018%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.469	+0.012%	$5.7M	$6.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.475	+0.031%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.452	−0.043%	$2.0M	$357K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.475	+0.031%	$122K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.501	+0.114%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.548	+0.263%	$2.0M	$2.1M	50x	as long as short
BloFin VVV-USDT	+0.0104%	4h	31.466	+0.003%	$1.3M	$1.4M	25x	as long as short
Extended VVV-USD	+0.0104%	1h	31.492	+0.085%	$298K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.490	+0.078%	$6K	—	3x	as long as short
edgeX VVVUSDCshort	+0.0115%	4h	31.458	−0.024%	$78K	$332K	10x
01 Exchange VVVUSD	+0.0152%	1h	31.509	+0.139%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0203%	1h	31.579	+0.362%	$33K	$215K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0415%	1h	31.553	+0.279%	$160K	$272K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0440% / S −0.0213%	1h	31.449	−0.053%	$506K	—	100x	as long as short