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 −0.083%

Price spread now: Variational Omni against Lighter−0.127%7-day average −0.108% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.285%−$29 on $10k

Price spread, last 7 days−0.077%−$8 · spread now −0.127%, 7d avg −0.108%

Together, before fees−0.363%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$36 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.988	0.0096	pay 0.0012% / 1h	55m 07s	$2.2M	$5.9M	5x
Short	Variational Omni VVV	31.948	0.0100	get 0.0050% / 4h	3h 55m	$2.1M	$183K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.127%Rate

Funding earned: $0.84
Price spread: −0.127% → −0.108%: −$1.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.09
Costs to cover: 0.000%
Break-even: 16.1 days

Slippage unknown: Lighter: live order book, 13 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 13 min ago	1.85 bp	3.4 bp −$3	32.7 bp −$327	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.35 bp	doesn't fit	49.2 bp −$492	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
Polymarket Perps VVV-USD	−0.0159%	1h	31.971	−0.054%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0016%	1h	31.940	−0.151%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.968	−0.063%	$393K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.965	−0.073%	$109K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.005	+0.053%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.600%	$2K	$1K	5.5x	as long as short
Lighter VVVlong	+0.0096%	1h	31.988	long leg	$2.2M	$5.9M	5x
Lighter RH VVV	+0.0096%	1h	31.975	−0.042%	$476K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.983	−0.017%	$126K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	32.019	+0.096%	$74.2M	$55.4M	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster VVVUSDT	+0.0100%	4h	31.968	−0.063%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.938	−0.157%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.000	+0.038%	$33.5M	$155.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.988	−0.001%	$39.3M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.006	+0.055%	$4.7M	$42.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.975	−0.042%	$10.7M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.002	+0.043%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.981	−0.023%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.997	+0.027%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.001	+0.039%	—	$5.5M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.948	−0.127%	$2.1M	$183K	—
Derive VVV-PERP	+0.0100%	1h	31.997	+0.027%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.984	−0.014%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.937	−0.160%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.996	+0.024%	$303K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.994	+0.018%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.933	−0.172%	$79K	$333K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0119%	1h	32.031	+0.134%	$124K	$339K	5x	as long as short
BloFin VVV-USDT	+0.0122%	4h	32.022	+0.105%	$1.3M	$1.8M	25x	as long as short
Phoenix VVV	+0.0124%	1h	31.945	−0.136%	$56K	$298K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	31.993	+0.015%	$579K	—	100x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0250%	1h	32.006	+0.055%	$91K	$23K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	32.278	+0.904%	$242K	$1.3M	25x	as long as short