Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h −0.024%

Price spread now: BloFin against Lighter RH+0.254%91s7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.336%−$34 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.254%, 7d avg −0.034%

Together, before fees−0.464%+ Points / potential airdropLighter RH: Points live · farm board−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.288% dearer against Lighter RH than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.336%, so the current rate has only just turned in your favour. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.864	0.0096	pay 0.0012% / 1h	1m 47s	$471K	$1.6M	5x
Short	BloFin VVV-USDT	31.945	0.0145	get 0.0073% / 4h	3h 01m	$1.3M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.254%Rate

Funding earned: $10.34
Price spread: +0.254% → −0.034%: $28.8
Slippage, 4 orders: −$25.17
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $1.98
Costs to cover: 0.372%
Break-even: 5.7 days

Slippage from Lighter RH: live order book, 1 min ago; BloFin: 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 RH live order book, 1 min ago	5.49 bp	6.4 bp −$6	15.4 bp −$154	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.47 bp	11.0 bp −$11	30.0 bp −$300	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
Bybit VVVUSDT	−0.0263%	4h	31.847	−0.053%	$38.9M	$51.5M	20x	as long as short
Polymarket Perps VVV-USD	−0.0229%	1h	31.880	+0.050%	$159K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0148%	4h	31.867	+0.009%	$10.7M	$7.4M	25x	as long as short
RISEx VVV/USDC	−0.0015%	1h	31.875	+0.033%	$391K	$597K	5x	as long as short
01 Exchange VVVUSD	0.0000%	1h	31.894	+0.094%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.936	+0.226%	$114K	$6.5M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.910	+0.144%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.892	+0.087%	$89K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.898	+0.105%	$796	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.000%	$2K	$1K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.881	+0.052%	$2.2M	$5.9M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.864	long leg	$471K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	31.895	+0.096%	$125K	$850K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.894	+0.094%	$74.1M	$54.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.883	+0.061%	$260K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.968	+0.326%	$191K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.893	+0.089%	$33.5M	$153.3M	25x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.871	+0.022%	$4.7M	$41.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.866	+0.006%	$6.5M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.887	+0.072%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.843	−0.066%	$5.7M	$8.8M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.865	+0.003%	—	$5.4M	—	as long as short
Backpack VVV_USDC_PERP	+0.0100%	1h	31.899	+0.109%	$123K	$331K	5x	as long as short
Variational Omni VVV	+0.0100%	4h	31.882	+0.055%	$2.1M	$190K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.902	+0.118%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.894	+0.094%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.913	+0.154%	$3K	$106	5x	as long as short
edgeX VVVUSDC	+0.0100%	4h	31.926	+0.196%	$79K	$334K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.849	−0.048%	$304K	$2.0M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.894	+0.095%	$6K	—	3x	as long as short
BloFin VVV-USDTshort	+0.0145%	4h	31.945	+0.254%	$1.3M	$1.8M	25x
GMX VVV/USD [ETH-USDC]	L +0.0177% / S +0.0122%	1h	31.902	+0.120%	$577K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.927	+0.198%	$245K	$1.2M	25x	as long as short