Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.063%

Price spread now: Lighter against Paradex−0.038%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.038% cheaper against Paradex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	30.707	0.0100	pay 0.0100% / 8h	3h 47m	$3K	$73	5x
Short	Lighter VVV	30.695	0.0096	get 0.0012% / 1h	47m 49s	$2.0M	$5.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$0.83
Price spread: −0.038% → 0.000%: −$3.76
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.59
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	1.16 bp	6.0 bp −$6	63.3 bp −$633	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0417%	1h	30.676	−0.099%	$376K	$644K	5x	as long as short
Polymarket Perps VVV-USD	−0.0094%	1h	30.678	−0.093%	$128K	$1.2M	3x	as long as short
Coinbase International VVV-PERP-INTX	−0.0088%	1h	30.832	+0.410%	$145K	$1.2M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	30.721	+0.047%	$104K	$5.6M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	30.691	−0.050%	$85K	$24K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0003%	1h	30.708	+0.003%	$20K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+6.883%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0090%	4h	30.706	−0.002%	$1.3M	$1.6M	25x	as long as short
Lighter VVVshort	+0.0096%	1h	30.695	−0.038%	$2.0M	$5.1M	5x
Lighter RH VVV	+0.0096%	1h	30.710	+0.011%	$449K	$1.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex VVV-USD-PERPlong	+0.0100%	8h	30.707	long leg	$3K	$73	5x
Nado VVV-PERP	+0.0100%	1h	30.727	+0.065%	$141K	$873K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	30.703	−0.012%	$69.9M	$48.6M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	30.709	+0.008%	$245K	$1.1M	10x	as long as short
Pacifica VVV	+0.0100%	1h	30.731	+0.080%	$181K	$132K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	30.709	+0.010%	$32.9M	$127.2M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	30.690	−0.054%	$38.2M	$42.5M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	30.706	−0.002%	$4.8M	$32.0M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	30.676	−0.099%	$10.3M	$5.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	30.718	+0.037%	$6.3M	$5.8M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	30.702	−0.015%	$1.9M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	30.688	−0.060%	$5.6M	$7.4M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	30.697	−0.031%	—	$5.0M	—	as long as short
Variational Omni VVV	+0.0100%	4h	30.667	−0.128%	$1.8M	$284K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	30.685	−0.069%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	30.741	+0.112%	$2.0M	$2.1M	50x	as long as short
Extended VVV-USD	+0.0104%	1h	30.697	−0.031%	$292K	$1.9M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	30.709	+0.007%	$6K	—	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	30.775	+0.222%	$76K	$333K	10x	as long as short
Phoenix VVV	+0.0129%	1h	30.710	+0.011%	$32K	$257K	5x	as long as short
01 Exchange VVVUSD	+0.0136%	1h	30.707	+0.001%	$11K	$3K	3x	as long as short
Backpack VVV_USDC_PERP	+0.0220%	1h	30.717	+0.035%	$121K	$249K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0425% / S −0.0174%	1h	30.688	−0.061%	$538K	—	100x	as long as short