Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter RH against Arcus+0.097%7-day average +0.139% · 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−$18as in the Price arb table
costs, in and out, $10k−$130.133% of the position
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days+0.032%+$3 · spread now +0.097%, 7d avg +0.139%
=Together, before fees+0.038%+ Points / potential airdropLighter RH: Points live · farm board+$4 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 0.042% cheaper against Arcus than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.139%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 741.28 | 0.0040 | pay 0.0005% / 1h | 36m 15s | $644K | $1.7M | 25x |
| Short | Lighter RH QQQ | 742.00 | 0.0032 | get 0.0004% / 1h | 36m 15s | $37.3M | $80.1M | 50x |
Arcus QQQ-USD
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.097% → +0.139%
- −$4.23
- Slippage, 4 orders
- −$8.82
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$19.29
- Costs to cover
- 0.133%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 3 min ago; Lighter RH: live order book, 3 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, 3 min ago | 0.61 bp | 6.3 bp −$6 | 9.1 bp −$91 | 25.9 bp −$2,594 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.07 bp | 0.2 bp $0 | 1.0 bp −$10 | 8.5 bp −$848 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0178% | 1h | 740.56 | −0.097% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0171% / S +0.0261% | 1h | 741.96 | +0.091% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0074% | 8h | 741.41 | +0.018% | $3.3M | $21.6M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.86 | +0.078% | $821K | $861K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.99 | +0.096% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.67 | +0.053% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.68 | +0.053% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.99 | +0.096% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.02 | +0.100% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.63 | +0.182% | $2K | $1.8M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
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 | 742.02 | +0.100% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.04 | +0.103% | $359K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0010% | 8h | 741.88 | +0.081% | $70.1M | $142.2M | 25x | as long as short |
| edgeX QQQUSDC | +0.0011% | 4h | 741.80 | +0.070% | $758K | $335K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.51 | +0.031% | $1.2M | $491K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0018% | 8h | 741.67 | +0.053% | $1.1M | $274K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.58 | +0.040% | $7.7M | $15.3M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 742.00 | +0.097% | $37.3M | $80.1M | 50x | |
| Arcus QQQ-USDlong | +0.0040% | 1h | 741.28 | long leg | $644K | $1.7M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.80 | +0.205% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.48 | +0.027% | $3.4M | $360K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.61 | +0.045% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.57 | +0.039% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.13 | −0.021% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0117% | 1h | 741.41 | +0.018% | $1.6M | $761K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0127% | 8h | 741.96 | +0.091% | $325K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0182% | 1h | 741.61 | +0.045% | $424K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.67 | +0.053% | $38K | $65K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
edgeX QQQUSDC
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Lighter QQQ
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ