Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.045%

Price spread now: KuCoin against Lighter+0.168%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$960.956% of the position

Long on Lighter Short on KuCoin

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−0.054%−$5 · spread now +0.168%, 7d avg −0.074%

Together, before fees−0.428%+ Points / potential airdropLighter: Season 3 · farm board−$43 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: KuCoin is 0.242% dearer against Lighter than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.513	0.0096	pay 0.0012% / 1h	58m 34s	$2.0M	$4.2M	5x
Short	KuCoin VVVUSDTM	31.566	0.0100	get 0.0050% / 4h	58m 34s	$1.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.168%Rate

Funding earned: $0.84
Price spread: +0.168% → −0.074%: $24.24
Slippage, 4 orders: −$83.56
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.48
Costs to cover: 0.956%
Break-even: 594.3 days

Slippage from Lighter: live order book, 4 min ago; KuCoin: live order book, 8 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	2.53 bp	4.4 bp −$4	35.7 bp −$357	300.8 bp −$30.1K	doesn't fit
Sell KuCoin live order book, 8 min ago	10.42 bp	47.4 bp −$47	220.4 bp −$2,204	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	31.455	−0.183%	$386K	$654K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	31.556	+0.136%	$188K	$1.3M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.607	+0.298%	$92K	$5.4M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.613	+0.317%	$88K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.613	+0.318%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.147%	$2K	$1K	5.5x	as long as short
Lighter VVVlong	+0.0096%	1h	31.513	long leg	$2.0M	$4.2M	5x
Lighter RH VVV	+0.0096%	1h	31.507	−0.019%	$466K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.499	−0.045%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.498	−0.048%	$141K	$925K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.516	+0.010%	$70.6M	$46.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.545	+0.100%	$250K	$772K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.526	+0.041%	$186K	$125K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.516	+0.008%	$33.8M	$116.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.479	−0.109%	$38.5M	$40.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.501	−0.038%	$4.9M	$29.5M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.495	−0.057%	$11.4M	$5.2M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.533	+0.063%	$6.9M	$5.3M	50x	as long as short
KuCoin VVVUSDTMshort	+0.0100%	4h	31.566	+0.168%	$1.7M	$2.7M	20x
Bitget VVVUSDT	+0.0100%	4h	31.469	−0.140%	$5.7M	$6.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.492	−0.067%	—	$4.7M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.531	+0.057%	$2.0M	$354K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.480	−0.105%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.624	+0.353%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.582	+0.219%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.489	−0.077%	$302K	$1.3M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.610	+0.307%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0119%	4h	31.576	+0.199%	$78K	$333K	10x	as long as short
BloFin VVV-USDT	+0.0152%	4h	31.616	+0.327%	$1.4M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0176%	1h	31.485	−0.089%	$11K	$2K	3x	as long as short
Phoenix VVV	+0.0307%	1h	31.564	+0.162%	$33K	$214K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0436% / S −0.0208%	1h	31.603	+0.286%	$508K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0829%	1h	31.588	+0.239%	$155K	$267K	5x	as long as short