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 +0.006%

Price spread now: BingX against Lighter RH+0.070%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Lighter RH Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.468%−$47 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.070%, 7d avg −0.042%

Together, before fees−0.441%+ Points / potential airdropLighter RH: Points live · farm board−$44 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: BingX is 0.113% dearer against Lighter RH than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.370	0.0096	pay 0.0012% / 1h	48m 15s	$461K	$1.6M	5x
Short	BingX VVV-USDT	31.392	0.0100	get 0.0050% / 4h	1h 48m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter RH. 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 Lighter RHbpFee BingXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0.84
Price spread: +0.070% → −0.042%: $11.25
Slippage, 4 orders: −$29.78
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.69
Costs to cover: 0.398%
Break-even: 237.7 days

Slippage from Lighter RH: live order book, 4 min ago; BingX: 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 RH live order book, 4 min ago	7.18 bp	9.3 bp −$9	23.3 bp −$233	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	0.16 bp	12.1 bp −$12	34.7 bp −$347	235.4 bp −$23.5K	757.4 bp −$378.7K

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	31.384	+0.046%	$189K	$1.3M	25x	as long as short
RISEx VVV/USDC	−0.0085%	1h	31.336	−0.109%	$384K	$649K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.381	+0.035%	$87K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	31.374	+0.012%	$22K	—	150x	as long as short
01 Exchange VVVUSD	+0.0032%	1h	31.350	−0.064%	$11K	$3K	3x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.622%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.341	−0.091%	$2.0M	$4.5M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.370	long leg	$461K	$1.6M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.378	+0.024%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.358	−0.037%	$163K	$897K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid VVV	+0.0100%	1h	31.403	+0.105%	$70.6M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.396	+0.081%	$249K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.405	+0.112%	$185K	$128K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.385	+0.047%	$33.9M	$121.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.357	−0.041%	$38.6M	$41.6M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.374	+0.013%	$4.9M	$31.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.379	+0.029%	$11.1M	$5.4M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.387	+0.054%	$6.7M	$5.6M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.373	+0.010%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.375	+0.016%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDTshort	+0.0100%	4h	31.392	+0.070%	—	$4.9M	—
Variational Omni VVV	+0.0100%	4h	31.407	+0.119%	$2.0M	$351K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.361	−0.029%	$122K	$1.4M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.370	0.000%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.370	0.000%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.371	+0.003%	$300K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.390	+0.063%	$6K	—	3x	as long as short
BloFin VVV-USDT	+0.0105%	4h	31.332	−0.121%	$1.3M	$1.5M	25x	as long as short
Kalshi KXVVVPERP	+0.0106%	8h	31.408	+0.121%	$86K	$5.6M	1.7x	as long as short
edgeX VVVUSDC	+0.0118%	4h	31.336	−0.107%	$78K	$332K	10x	as long as short
Phoenix VVV	+0.0307%	1h	31.250	−0.383%	$33K	$232K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0427% / S −0.0200%	1h	31.373	+0.009%	$502K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0513%	1h	31.406	+0.114%	$150K	$265K	5x	as long as short