Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.062%

Price spread now: Lighter RH against OKX+0.041%7-day average +0.108% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on OKX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.528%+$53 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.041%, 7d avg +0.108%

Together, before fees+0.637%+ Points / potential airdropLighter RH: Points live · farm board+$64 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 RH is 0.066% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX VVV-USDT-SWAP	31.625	0.0100	pay 0.0050% / 4h	2h 17m	$4.7M	$39.8M	20x
Short	Lighter RH VVV	31.638	0.0096	get 0.0012% / 1h	17m 54s	$467K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. 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 OKXbpFee Lighter RHbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$0.84
Price spread: +0.041% → +0.108%: −$6.64
Slippage, 4 orders: −$36.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$53.73
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Lighter RH: live order book, 5 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 OKX live order book, 1 min ago	1.89 bp	15.3 bp −$15	77.2 bp −$772	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	4.09 bp	7.4 bp −$7	28.9 bp −$289	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	31.701	+0.239%	$389K	$637K	5x	as long as short
Gate VVV_USDT	−0.0024%	4h	31.602	−0.073%	$10.6M	$7.1M	25x	as long as short
Polymarket Perps VVV-USD	−0.0007%	1h	31.704	+0.250%	$136K	$1.2M	3x	as long as short
Phoenix VVV	0.0000%	1h	31.726	+0.319%	$46K	$289K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.689	+0.204%	$88K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0005%	1h	31.721	+0.305%	$19K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+3.779%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.648	+0.071%	$2.1M	$5.6M	5x	as long as short
Lighter RH VVVshort	+0.0096%	1h	31.638	+0.041%	$467K	$1.5M	5x
Paradex VVV-USD-PERP	+0.0100%	8h	31.720	+0.299%	$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	31.716	+0.289%	$131K	$847K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.640	+0.047%	$72.9M	$53.7M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.639	+0.046%	$256K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.740	+0.363%	$190K	$162K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.619	−0.019%	$33.6M	$148.8M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.607	−0.056%	$38.7M	$50.4M	20x	as long as short
OKX VVV-USDT-SWAPlong	+0.0100%	4h	31.625	long leg	$4.7M	$39.8M	20x
MEXC VVV_USDT	+0.0100%	4h	31.625	0.000%	$6.4M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.649	+0.076%	$1.8M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.601	−0.076%	$5.7M	$8.5M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.633	+0.025%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.702	+0.244%	$2.1M	$185K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.697	+0.227%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.710	+0.269%	$2.0M	$2.1M	50x	as long as short
Kalshi KXVVVPERP	+0.0103%	8h	31.732	+0.338%	$119K	$6.4M	1.7x	as long as short
Extended VVV-USD	+0.0104%	1h	31.608	−0.055%	$300K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.714	+0.281%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0108%	4h	31.712	+0.274%	$79K	$335K	10x	as long as short
01 Exchange VVVUSD	+0.0120%	1h	31.720	+0.300%	$11K	$3K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0176% / S +0.0123%	1h	31.706	+0.256%	$573K	—	100x	as long as short
Coinbase International VVV-PERP-INTX	+0.0208%	1h	31.786	+0.508%	$233K	$1.2M	25x	as long as short
Backpack VVV_USDC_PERP	+0.0300%	1h	31.625	−0.001%	$122K	$316K	5x	as long as short