Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.054%

Price spread now: MEXC against Lighter+0.018%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.318%−$32 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.018%, 7d avg −0.038%

Together, before fees−0.382%+ Points / potential airdropLighter: Season 3 · farm board−$38 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: MEXC is 0.056% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.934	0.0096	pay 0.0012% / 1h	51m 33s	$2.2M	$5.9M	5x
Short	MEXC VVV_USDT	31.940	0.0100	get 0.0050% / 4h	3h 51m	$6.5M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.84
Price spread: +0.018% → −0.038%: $5.61
Slippage, 4 orders: −$18.67
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$12.23
Costs to cover: 0.187%
Break-even: 108.9 days

Slippage from Lighter: live order book, 7 min ago; MEXC: live order book, 6 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	1.90 bp	4.1 bp −$4	37.3 bp −$373	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.63 bp	4.7 bp −$5	59.5 bp −$595	238.1 bp −$23.8K	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
Polymarket Perps VVV-USD	−0.0203%	1h	32.015	+0.253%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0040%	1h	31.905	−0.092%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.912	−0.071%	$392K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.977	+0.134%	$107K	$6.8M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.921	−0.042%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.032	+0.305%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.051	+0.366%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.774%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0069%	4h	31.849	−0.267%	$1.3M	$1.8M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	31.934	long leg	$2.2M	$5.9M	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	31.929	−0.017%	$475K	$1.6M	5x	as long as short
Gate VVV_USDT	+0.0096%	4h	31.932	−0.007%	$10.7M	$7.3M	25x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.919	−0.046%	$125K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.921	−0.042%	$74.0M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.954	+0.063%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.957	+0.072%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.936	+0.005%	$33.5M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.935	+0.002%	$39.2M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.941	+0.021%	$4.7M	$41.9M	20x	as long as short
MEXC VVV_USDTshort	+0.0100%	4h	31.940	+0.018%	$6.5M	$6.9M	50x
KuCoin VVVUSDTM	+0.0100%	4h	31.946	+0.037%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.916	−0.057%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.938	+0.012%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.948	+0.042%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.018	+0.263%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.990	+0.174%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.948	+0.043%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.917	−0.055%	$301K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.994	+0.187%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.859	−0.237%	$79K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0161%	1h	31.998	+0.201%	$124K	$339K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	32.053	+0.371%	$580K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.966	+0.099%	$240K	$1.3M	25x	as long as short