Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Lighter RH against Lighter−0.033%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.033%, 7d avg +0.026%

Together, before fees+0.247%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$25 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: Lighter RH is 0.059% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.712	0.0096	pay 0.0012% / 1h	31m 24s	$2.2M	$5.4M	5x
Short	Lighter RH VVV	31.701	0.0096	get 0.0012% / 1h	31m 24s	$478K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.026%: −$5.93
Slippage, 4 orders: −$37.5
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$43.43
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Lighter RH: 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, 7 min ago	3.48 bp	11.7 bp −$12	37.1 bp −$371	247.3 bp −$24.7K	doesn't fit
Sell Lighter RH live order book, 2 min ago	4.57 bp	6.9 bp −$7	20.4 bp −$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
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.757	+0.144%	$91K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.588	−0.390%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.496%	$2K	$1K	5.5x	as long as short
Gate VVV_USDT	+0.0070%	4h	31.554	−0.497%	$10.7M	$7.6M	25x	as long as short
BloFin VVV-USDT	+0.0072%	4h	31.756	+0.140%	$1.3M	$1.7M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	31.712	long leg	$2.2M	$5.4M	5x
Lighter RH VVVshort	+0.0096%	1h	31.701	−0.033%	$478K	$1.5M	5x
Nado VVV-PERP	+0.0100%	1h	31.578	−0.419%	$147K	$775K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.706	−0.019%	$279K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.720	+0.025%	$182K	$168K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VVVUSDT	+0.0100%	4h	31.544	−0.527%	$33.1M	$152.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.509	−0.639%	$39.2M	$50.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.498	−0.673%	$4.7M	$40.4M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.598	−0.358%	$16.8M	$6.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.622	−0.282%	$2.0M	$2.5M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.520	−0.604%	$5.8M	$8.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.553	−0.500%	—	$5.3M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.733	+0.068%	$2.1M	$184K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.610	−0.320%	$155K	$1.0M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.520	−0.604%	$421	$343	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.722	+0.033%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.708	−0.010%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.679	−0.102%	$318K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.579	−0.417%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.736	+0.076%	$79K	$331K	10x	as long as short
Kalshi KXVVVPERP	+0.0169%	8h	31.774	+0.197%	$135K	$6.8M	1.7x	as long as short
Phoenix VVV	+0.0174%	1h	31.683	−0.090%	$55K	$279K	5x	as long as short
RISEx VVV/USDC	+0.0208%	1h	31.627	−0.267%	$387K	$578K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0249%	1h	31.718	+0.020%	$140K	$368K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0296%	1h	31.829	+0.369%	$194K	$1.1M	25x	as long as short
Hyperliquid VVV	+0.0325%	1h	31.610	−0.320%	$73.3M	$52.0M	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0439% / S −0.0193%	1h	31.579	−0.418%	$537K	—	100x	as long as short
01 Exchange VVVUSD	+0.0456%	1h	31.652	−0.188%	$11K	$3K	3x	as long as short