VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.047%

Price spread now: Hyperliquid against Lighter RH+0.096%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Lighter RH Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.323%−$32 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.096%, 7d avg −0.021%

Together, before fees−0.440%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · 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: Hyperliquid is 0.117% dearer against Lighter RH than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.269	0.0096	pay 0.0012% / 1h	4m 41s	$462K	$1.5M	5x
Short	Hyperliquid VVV	31.299	0.0100	get 0.0013% / 1h	4m 41s	$72.2M	$53.3M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0.84
Price spread: +0.096% → −0.021%: $11.66
Slippage, 4 orders: −$30.58
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$27.07
Costs to cover: 0.396%
Break-even: 232.6 days

Slippage from Lighter RH: live order book, 3 min ago; Hyperliquid: live order book, 9 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, 3 min ago	1.44 bp	2.7 bp −$3	17.0 bp −$170	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.95 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit

VVV on 32 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	−0.0111%	1h	31.272	+0.010%	$384K	$640K	5x	as long as short
Polymarket Perps VVV-USD	−0.0023%	1h	31.309	+0.128%	$134K	$1.2M	3x	as long as short
Gate VVV_USDT	−0.0020%	4h	31.282	+0.042%	$10.5M	$7.1M	25x	as long as short
Phoenix VVV	0.0000%	1h	31.370	+0.323%	$42K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.323	+0.171%	$87K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.335	+0.210%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.960%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.284	+0.048%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVVlong	+0.0096%	1h	31.269	long leg	$462K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.284	+0.048%	$3K	$73	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.331	+0.200%	$130K	$850K	3x	as long as short
Hyperliquid VVVshort	+0.0100%	1h	31.299	+0.096%	$72.2M	$53.3M	3x
Aster VVVUSDT	+0.0100%	4h	31.341	+0.230%	$254K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.310	+0.131%	$187K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.300	+0.100%	$33.3M	$147.7M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.292	+0.073%	$38.4M	$49.9M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.315	+0.147%	$4.7M	$39.1M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.301	+0.102%	$6.3M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.299	+0.096%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.261	−0.026%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.297	+0.090%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.307	+0.122%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.310	+0.132%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.337	+0.217%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	31.293	+0.078%	$296K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.337	+0.216%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0110%	4h	31.331	+0.199%	$78K	$335K	10x	as long as short
Kalshi KXVVVPERP	+0.0111%	8h	31.344	+0.240%	$112K	$6.3M	1.7x	as long as short
01 Exchange VVVUSD	+0.0112%	1h	31.290	+0.067%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0124%	1h	31.315	+0.147%	$565K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.333	+0.206%	$155K	$1.3M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0280%	1h	31.358	+0.283%	$121K	$311K	5x	as long as short