Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.012%
Price spread now: Lighter against Arcus+0.100%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$120.117% of the position
Funding, last 4 days (all we have)+0.024%+$2 on $10k
+Price spread, last 7 days−0.130%−$13 · spread now +0.100%, 7d avg +0.068%
=Together, before fees−0.107%+ Points / potential airdropLighter: Season 3 · farm board−$11 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 0.031% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 743.58 | 0.0040 | pay 0.0005% / 1h | 7m 36s | $695K | $1.6M | 25x |
| Short | Lighter QQQ | 744.32 | 0.0032 | get 0.0004% / 1h | 7m 36s | $7.7M | $17.2M | 30x |
Arcus QQQ-USD
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$1.74
- Price spread: +0.100% → +0.068%
- $3.12
- Slippage, 4 orders
- −$7.24
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.36
- Costs to cover
- 0.117%
- Break-even
- never at this rate
Slippage from Arcus: 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 Arcus live order book, 1 min ago | 1.01 bp | 5.2 bp −$5 | 8.2 bp −$82 | 27.1 bp −$2,710 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.07 bp | 1.1 bp −$1 | 3.1 bp −$31 | 22.4 bp −$2,244 | 62.6 bp −$31.3K |
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 −0.0115% / S +0.0217% | 1h | 744.54 | +0.130% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0072% | 1h | 743.09 | −0.066% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0016% | 8h | 744.32 | +0.100% | $1.1M | $293K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.41 | +0.112% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.59 | +0.136% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.36 | +0.105% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.56 | +0.132% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.12 | +0.073% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.64 | +0.143% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.90 | +0.178% | $1K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.62 | +0.140% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.07 | +0.200% | $359K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0022% | 8h | 744.27 | +0.093% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 744.32 | +0.100% | $7.7M | $17.2M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.74 | +0.156% | $37.1M | $80.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.97 | +0.052% | $1.2M | $535K | 20x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 743.58 | long leg | $695K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.52 | +0.261% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0053% | 8h | 744.54 | +0.129% | $71.2M | $142.9M | 25x | as long as short |
| Nado QQQ-PERP | +0.0082% | 1h | 744.14 | +0.075% | $1.5M | $875K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.14 | +0.075% | $3.4M | $404K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.09 | +0.069% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.27 | +0.093% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.67 | +0.012% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0122% | 8h | 744.53 | +0.127% | $322K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0126% | 1h | 744.29 | +0.095% | $425K | $149K | 20x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.07 | +0.066% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0656% | 4h | 744.38 | +0.108% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC