Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against Lighter RH+0.052%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.052%, 7d avg −0.023%

Together, before fees−0.257%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board−$26 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: Lighter is 0.075% 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 −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH VVV	31.968	0.0096	pay 0.0012% / 1h	52m 06s	$476K	$1.6M	5x
Short	Lighter VVV	31.985	0.0096	get 0.0012% / 1h	52m 06s	$2.2M	$5.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.023%: $7.52
Slippage, 4 orders: −$27
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.49
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; Lighter: 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	5.78 bp	5.8 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	1.90 bp	6.5 bp −$7	33.7 bp −$337	1144.7 bp −$114.5K	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
Polymarket Perps VVV-USD	−0.0203%	1h	32.015	+0.147%	$146K	$1.2M	3x	as long as short
01 Exchange VVVUSD	−0.0032%	1h	32.043	+0.235%	$11K	$3K	3x	as long as short
RISEx VVV/USDC	−0.0015%	1h	32.038	+0.219%	$394K	$599K	5x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.977	+0.028%	$107K	$6.8M	1.7x	as long as short
Phoenix VVV	0.0000%	1h	31.921	−0.147%	$56K	$298K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.032	+0.199%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.051	+0.261%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+2.665%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0069%	4h	31.849	−0.372%	$1.3M	$1.8M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	31.985	+0.052%	$2.2M	$5.9M	5x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVVlong	+0.0096%	1h	31.968	long leg	$476K	$1.6M	5x
Nado VVV-PERP	+0.0100%	1h	32.035	+0.211%	$126K	$851K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.979	+0.034%	$74.1M	$55.2M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.975	+0.022%	$261K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.980	+0.038%	$191K	$191K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.986	+0.057%	$33.6M	$155.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.968	−0.001%	$39.3M	$51.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.978	+0.031%	$4.7M	$41.9M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.976	+0.025%	$10.7M	$7.3M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.024	+0.175%	$6.5M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.008	+0.125%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.988	+0.063%	$5.8M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.960	−0.025%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.948	−0.064%	$2.1M	$183K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	32.018	+0.157%	$2K	$2K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.990	+0.069%	$2.1M	$2.1M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.975	+0.022%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.013	+0.140%	$305K	$1.7M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.994	+0.081%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0104%	4h	31.933	−0.108%	$79K	$333K	10x	as long as short
Backpack VVV_USDC_PERP	+0.0161%	1h	31.998	+0.095%	$124K	$339K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0179% / S +0.0120%	1h	32.053	+0.265%	$580K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0320%	1h	31.966	−0.007%	$240K	$1.3M	25x	as long as short