Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.063%

Price spread now: OKX against Lighter−0.016%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$37 on $10k

Price spread, last 7 days+0.220%+$22 · spread now −0.016%, 7d avg −0.067%

Together, before fees−0.154%+ Points / potential airdropLighter: Season 3 · farm board−$15 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: OKX is 0.051% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	30.552	0.0096	pay 0.0012% / 1h	45m 30s	$2.0M	$5.1M	5x
Short	OKX VVV-USDT-SWAP	30.547	0.0100	get 0.0050% / 4h	3h 45m	$4.7M	$31.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.84
Price spread: −0.016% → −0.067%: $5.08
Slippage, 4 orders: −$30.95
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$35.04
Costs to cover: 0.410%
Break-even: 299.0 days

Slippage from Lighter: live order book, 7 min ago; OKX: live order book, 3 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	1.16 bp	3.0 bp −$3	45.9 bp −$459	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.95 bp	15.3 bp −$15	59.4 bp −$594	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	−0.0417%	1h	30.513	−0.129%	$374K	$645K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.688	+0.444%	$149K	$1.2M	25x	as long as short
Polymarket Perps VVV-USD	−0.0082%	1h	30.519	−0.108%	$127K	$1.2M	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.724	+0.563%	$104K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.691	+0.454%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.694	+0.466%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+7.424%	$2K	$1K	5.5x	as long as short
Lighter VVVlong	+0.0096%	1h	30.552	long leg	$2.0M	$5.1M	5x
Lighter RH VVV	+0.0096%	1h	30.578	+0.085%	$447K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	30.536	−0.052%	$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	30.567	+0.051%	$140K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.540	−0.039%	$69.5M	$48.8M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.604	+0.172%	$244K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.587	+0.115%	$180K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.557	+0.017%	$32.7M	$127.0M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.521	−0.102%	$38.0M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAPshort	+0.0100%	4h	30.547	−0.016%	$4.7M	$31.8M	20x
Gate VVV_USDT	+0.0100%	4h	30.536	−0.052%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.563	+0.036%	$6.2M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.580	+0.092%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.528	−0.078%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.551	−0.003%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.671	+0.389%	$1.8M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.681	+0.421%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.755	+0.665%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.537	−0.047%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.704	+0.497%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0106%	4h	30.688	+0.445%	$1.3M	$1.6M	25x	as long as short
edgeX VVVUSDC	+0.0110%	4h	30.694	+0.466%	$76K	$334K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.710	+0.517%	$32K	$257K	5x	as long as short
01 Exchange VVVUSD	+0.0160%	1h	30.532	−0.065%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0208%	1h	30.725	+0.566%	$121K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0174%	1h	30.682	+0.427%	$538K	—	100x	as long as short