Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.032%

Price spread now: Gate against Lighter RH−0.033%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.632%−$63 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.033%, 7d avg −0.115%

Together, before fees−0.572%+ Points / potential airdropLighter RH: Points live · farm board−$57 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: Gate is 0.082% dearer against Lighter RH than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	30.717	0.0096	pay 0.0012% / 1h	30m 13s	$447K	$1.6M	5x
Short	Gate VVV_USDT	30.707	0.0100	get 0.0050% / 4h	2h 30m	$10.7M	$5.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.033%Rate

Funding earned: $0.84
Price spread: −0.033% → −0.115%: $8.21
Slippage, 4 orders: −$46.72
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.67
Costs to cover: 0.617%
Break-even: 445.9 days

Slippage from Lighter RH: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	3.74 bp	5.1 bp −$5	17.8 bp −$178	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	7.99 bp	23.8 bp −$24	132.3 bp −$1,323	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	−0.0329%	1h	30.696	−0.068%	$382K	$647K	5x	as long as short
Coinbase International VVV-PERP-INTX	−0.0040%	1h	30.630	−0.284%	$142K	$1.2M	25x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0002%	1h	30.699	−0.060%	$22K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.846%	$2K	$1K	5.5x	as long as short
Deribit VVV_USDC-PERPETUAL	+0.0043%	1h	30.712	−0.016%	$85K	$22K	10x	as long as short
BloFin VVV-USDT	+0.0065%	4h	30.736	+0.062%	$1.3M	$1.5M	25x	as long as short
01 Exchange VVVUSD	+0.0080%	1h	30.712	−0.016%	$11K	$3K	3x	as long as short
Polymarket Perps VVV-USD	+0.0081%	1h	30.695	−0.072%	$118K	$1.4M	3x	as long as short
Lighter VVV	+0.0096%	1h	30.709	−0.026%	$2.0M	$4.6M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	30.717	long leg	$447K	$1.6M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERP	+0.0100%	8h	30.708	−0.029%	$3K	$73	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	30.721	+0.015%	$134K	$870K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.717	0.000%	$69.2M	$47.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.740	+0.076%	$244K	$1.0M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.729	+0.040%	$181K	$130K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.726	+0.029%	$33.1M	$121.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.706	−0.035%	$38.0M	$41.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.726	+0.029%	$4.8M	$30.5M	20x	as long as short
Gate VVV_USDTshort	+0.0100%	4h	30.707	−0.033%	$10.7M	$5.6M	25x
MEXC VVV_USDT	+0.0100%	4h	30.721	+0.013%	$6.4M	$5.7M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.714	−0.010%	$1.9M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.692	−0.081%	$5.7M	$7.1M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.720	+0.010%	—	$4.9M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.708	−0.030%	$1.9M	$350K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.698	−0.062%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.720	+0.010%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.712	−0.015%	$294K	$2.2M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.719	+0.006%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0109%	4h	30.717	0.000%	$76K	$334K	10x	as long as short
Kalshi KXVVVPERP	+0.0199%	8h	30.727	+0.033%	$94K	$5.4M	1.7x	as long as short
Phoenix VVV	+0.0209%	1h	30.770	+0.173%	$32K	$243K	5x	as long as short
Backpack VVV_USDC_PERP	+0.0384%	1h	30.727	+0.034%	$115K	$238K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0428% / S −0.0176%	1h	30.695	−0.072%	$536K	—	100x	as long as short