Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against ApeX Omni+0.035%78s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.204% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 7 days−0.133%−$13 · spread now +0.035%, 7d avg −0.021%
=Together, before fees−0.253%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.056% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.021%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni QQQUSDT | 741.87 | 0.0100 | pay 0.0013% / 1h | 48m 16s | $20K | $2.2M | 50x |
| Short | Lighter QQQ | 742.13 | 0.0032 | get 0.0004% / 1h | 48m 16s | $7.8M | $21.5M | 30x |
ApeX Omni QQQUSDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14.28
- Price spread: +0.035% → −0.021%
- $5.55
- Slippage, 4 orders
- −$10.36
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.08
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 1 min ago; Lighter: 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 ApeX Omni live order book, 1 min ago | 3.77 bp | 9.9 bp −$10 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.34 bp | 0.3 bp $0 | 1.4 bp −$14 | 19.5 bp −$1,952 | 59.5 bp −$29.8K |
QQQ on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0065% / S +0.0178% | 1h | 742.13 | +0.034% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0014% | 1h | 741.25 | −0.084% | $4.2M | $2.2M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0006% | 8h | 742.10 | +0.031% | $1.0M | $483K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.99 | +0.016% | $21.5M | $28.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.89 | +0.003% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.54 | +0.090% | $1K | $2.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.79 | −0.011% | $424K | $305K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.63 | +0.102% | $257K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.56 | +0.093% | $362K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0008% | 8h | 741.87 | 0.000% | $840K | $780K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQshort | +0.0032% | 1h | 742.13 | +0.035% | $7.8M | $21.5M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.48 | +0.082% | $37.7M | $81.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.51 | −0.049% | $737K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.63 | +0.102% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0064% | 8h | 742.23 | +0.049% | $17.2M | $10.1M | — | as long as short |
| Bybit QQQUSDT | +0.0086% | 8h | 742.25 | +0.051% | $10.7M | $5.4M | 50x | as long as short |
| Binance QQQUSDT | +0.0087% | 8h | 742.19 | +0.043% | $69.6M | $163.0M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 741.80 | −0.009% | $1.2M | $873K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.78 | −0.012% | $3.4M | $440K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 741.87 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.092% | $7K | $16K | 20x | as long as short |
| edgeX QQQUSDC | +0.0103% | 4h | 742.22 | +0.047% | $759K | $336K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.45 | −0.056% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0163% | 1h | 741.92 | +0.007% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0187% | 8h | 742.41 | +0.073% | $323K | $1.7M | 10x | as long as short |
| Bitget QQQUSDT | +0.0220% | 8h | 742.16 | +0.039% | $16.7M | $7.3M | 20x | as long as short |
| Phoenix QQQ | +0.0259% | 1h | 741.88 | +0.001% | $38K | $73K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.49 | +0.084% | $5.4M | $9.3M | 25x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Bybit QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
edgeX QQQUSDC
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC