Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.055%

Price spread now: Variational Omni against Lighter−0.376%7-day average −0.096% · 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 4 days (all we have)−0.283%−$28 on $10k

Price spread, last 7 days+0.273%+$27 · spread now −0.376%, 7d avg −0.096%

Together, before fees−0.010%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$1 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: Variational Omni is 0.280% cheaper against Lighter than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter VVV	31.276	0.0096	pay 0.0012% / 1h	55m 25s	$2.0M	$4.5M	5x
Short	Variational Omni VVV	31.158	0.0100	get 0.0050% / 4h	1h 55m	$1.9M	$355K	—

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 −0.376%Rate

Funding earned: $0.84
Price spread: −0.376% → −0.096%: −$27.96
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27.12
Costs to cover: 0.000%
Break-even: 233.0 days

Slippage unknown: Lighter: live order book, 2 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, 2 min ago	6.94 bp	9.4 bp −$9	41.0 bp −$410	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.48 bp	doesn't fit	48.9 bp −$489	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
Coinbase International VVV-PERP-INTX	−0.0088%	1h	31.204	−0.229%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.283	+0.025%	$384K	$648K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.270	−0.020%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	31.278	+0.007%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0016%	1h	31.297	+0.068%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.938%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0056%	4h	31.235	−0.130%	$1.3M	$1.5M	25x	as long as short
Lighter VVVlong	+0.0096%	1h	31.276	long leg	$2.0M	$4.5M	5x
Lighter RH VVV	+0.0096%	1h	31.300	+0.078%	$459K	$1.6M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.302	+0.083%	$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	31.301	+0.083%	$162K	$897K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.332	+0.180%	$70.5M	$48.0M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.311	+0.113%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.305	+0.095%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.310	+0.110%	$33.8M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.302	+0.084%	$38.6M	$41.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.300	+0.078%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.298	+0.072%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.312	+0.116%	$6.6M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.296	+0.065%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.298	+0.072%	$5.8M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.297	+0.068%	—	$4.9M	—	as long as short
Variational Omni VVVshort	+0.0100%	4h	31.158	−0.376%	$1.9M	$355K	—
Polymarket Perps VVV-USD	+0.0100%	1h	31.285	+0.030%	$121K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.269	−0.023%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.261	−0.047%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.296	+0.067%	$298K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.235	−0.130%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.281	+0.017%	$78K	$331K	10x	as long as short
Kalshi KXVVVPERP	+0.0118%	8h	31.222	−0.171%	$96K	$5.5M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	31.283	+0.024%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0426% / S −0.0199%	1h	31.296	+0.064%	$501K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0484%	1h	31.320	+0.143%	$149K	$264K	5x	as long as short