Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.067%

Price spread now: Gate against Lighter−0.022%7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$590.593% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.475%−$48 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.022%, 7d avg −0.133%

Together, before fees−0.461%+ Points / potential airdropLighter: Season 3 · farm board−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.112% dearer against Lighter than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.133%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.4 days. At the pace of the last 7 days (−0.475% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.892	0.0096	pay 0.0012% / 1h	23m 48s	$2.1M	$5.2M	5x
Short	Gate VVV_USDT	30.885	0.0038	get 0.0019% / 4h	23m 48s	$10.3M	$6.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: −$12.18
Price spread: −0.022% → −0.133%: $11.18
Slippage, 4 orders: −$44.3
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.3
Costs to cover: 0.593%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Gate: live order book, 5 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	2.03 bp	3.3 bp −$3	37.1 bp −$371	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.00 bp	28.7 bp −$29	137.4 bp −$1,374	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	−0.0299%	1h	30.851	−0.133%	$378K	$625K	5x	as long as short
Polymarket Perps VVV-USD	−0.0096%	1h	30.855	−0.119%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.897	+0.017%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.902	+0.032%	$23K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	30.868	−0.077%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.242%	$2K	$1K	5.5x	as long as short
Gate VVV_USDTshort	+0.0038%	4h	30.885	−0.022%	$10.3M	$6.0M	25x
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	−0.071%	$145K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0088%	4h	30.836	−0.180%	$1.3M	$1.6M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	30.892	long leg	$2.1M	$5.2M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	30.905	+0.043%	$451K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.858	−0.108%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.865	−0.085%	$112K	$858K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.911	+0.062%	$70.5M	$49.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.897	+0.017%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.888	−0.012%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.912	+0.066%	$33.1M	$130.1M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.894	+0.008%	$38.5M	$43.4M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.900	+0.027%	$4.8M	$33.3M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.915	+0.075%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.883	−0.028%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.876	−0.051%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.909	+0.056%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.801	−0.293%	$1.9M	$290K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.887	−0.017%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.878	−0.044%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.899	+0.025%	$290K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.873	−0.062%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0107%	4h	30.844	−0.155%	$77K	$332K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0118%	1h	30.925	+0.108%	$120K	$252K	5x	as long as short
Kalshi KXVVVPERP	+0.0149%	8h	30.879	−0.041%	$101K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.844	−0.154%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0174%	1h	30.887	−0.015%	$541K	—	100x	as long as short