Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.050%

Price spread now: Bybit against Lighter RH−0.061%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.591%−$59 on $10k

Price spread, last 7 days−0.082%−$8 · spread now −0.061%, 7d avg −0.110%

Together, before fees−0.673%+ Points / potential airdropLighter RH: Points live · farm board−$67 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: Bybit is 0.048% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	30.898	0.0096	pay 0.0012% / 1h	17m 10s	$451K	$1.6M	5x
Short	Bybit VVVUSDT	30.879	0.0100	get 0.0050% / 4h	17m 10s	$38.4M	$43.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0.84
Price spread: −0.061% → −0.110%: $4.8
Slippage, 4 orders: −$35.45
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.81
Costs to cover: 0.465%
Break-even: 347.1 days

Slippage from Lighter RH: live order book, 1 min ago; Bybit: 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, 1 min ago	2.10 bp	7.5 bp −$8	21.6 bp −$216	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.16 bp	18.4 bp −$18	47.3 bp −$473	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	−0.0299%	1h	30.874	−0.077%	$379K	$630K	5x	as long as short
Polymarket Perps VVV-USD	−0.0079%	1h	30.863	−0.113%	$129K	$1.2M	3x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.882	−0.053%	$86K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.895	−0.010%	$23K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.220%	$2K	$1K	5.5x	as long as short
01 Exchange VVVUSD	+0.0040%	1h	30.886	−0.039%	$11K	$3K	3x	as long as short
Gate VVV_USDT	+0.0044%	4h	30.885	−0.042%	$10.3M	$6.0M	25x	as long as short
Coinbase International VVV-PERP-INTX	+0.0064%	1h	30.870	−0.091%	$145K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0065%	4h	30.891	−0.023%	$1.3M	$1.6M	25x	as long as short
Lighter VVV	+0.0096%	1h	30.881	−0.056%	$2.1M	$5.3M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVVlong	+0.0096%	1h	30.898	long leg	$451K	$1.6M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	30.865	−0.106%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.901	+0.010%	$142K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.901	+0.010%	$70.5M	$49.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.905	+0.023%	$247K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.897	−0.002%	$182K	$133K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.892	−0.018%	$33.1M	$129.4M	25x	as long as short
Bybit VVVUSDTshort	+0.0100%	4h	30.879	−0.061%	$38.4M	$43.2M	20x
OKX VVV-USDT-SWAP	+0.0100%	4h	30.902	+0.013%	$4.8M	$33.0M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.899	+0.003%	$6.3M	$6.2M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.871	−0.087%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.869	−0.094%	$5.7M	$7.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.893	−0.016%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.866	−0.104%	$1.9M	$288K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.881	−0.054%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.892	−0.019%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.886	−0.038%	$295K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.896	−0.008%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	30.875	−0.074%	$77K	$334K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0130%	1h	30.913	+0.047%	$120K	$249K	5x	as long as short
Kalshi KXVVVPERP	+0.0147%	8h	30.899	+0.003%	$103K	$5.7M	1.7x	as long as short
Phoenix VVV	+0.0182%	1h	30.882	−0.052%	$32K	$253K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0174%	1h	30.889	−0.030%	$541K	—	100x	as long as short