Funding you earn now, next payment 22:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%
Price spread now: Lighter against Aster−0.005%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$100.103% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now −0.005%, 7d avg −0.025%
=Together, before fees−0.047%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 741.87 | 0.0006 | pay 0.0006% / 8h | 2h 11m | $840K | $780K | 20x |
| Short | Lighter QQQ | 741.83 | 0.0096 | get 0.0012% / 1h | 11m 12s | $7.9M | $21.7M | 30x |
Aster QQQUSDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- $18.92
- Price spread: −0.005% → −0.025%
- $1.98
- Slippage, 4 orders
- −$2.29
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.6
- Costs to cover
- 0.103%
- Break-even
- 3.1 days
Slippage from Aster: live order book, 12 min ago; Lighter: live order book, 7 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 Aster live order book, 12 min ago | 0.47 bp | 4.5 bp −$4 | 5.4 bp −$54 | 24.9 bp −$2,487 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.67 bp | 0.7 bp −$1 | 3.1 bp −$31 | 15.7 bp −$1,569 | 52.9 bp −$26.5K |
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 −0.0060% / S +0.0173% | 1h | 741.98 | +0.014% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0014% | 8h | 741.77 | −0.013% | $1.0M | $509K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.78 | −0.012% | $21.3M | $28.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.67 | −0.027% | $3.1M | $33.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.40 | +0.071% | $2K | $2.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.042% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.22 | +0.047% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDTlong | +0.0006% | 8h | 741.87 | long leg | $840K | $780K | 20x | |
| Arcus QQQ-USD | +0.0025% | 1h | 741.20 | −0.090% | $735K | $1.5M | 25x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0028% | 1h | 740.94 | −0.125% | $4.2M | $2.2M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Arcus QQQ-USD
Ondo Perps QQQ-USD.PShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.44 | +0.077% | — | $621K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0047% | 1h | 741.76 | −0.015% | $424K | $304K | 20x | as long as short |
| Variational Omni QQQ | +0.0058% | 8h | 741.84 | −0.004% | $17.2M | $10.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.44 | −0.058% | $1.2M | $894K | 20x | as long as short |
| Bybit QQQUSDT | +0.0070% | 8h | 742.08 | +0.028% | $10.7M | $5.4M | 50x | as long as short |
| Phoenix QQQ | +0.0076% | 1h | 741.52 | −0.047% | $38K | $73K | 20x | as long as short |
| Binance QQQUSDT | +0.0088% | 8h | 741.97 | +0.013% | $69.8M | $165.4M | 25x | as long as short |
| Lighter QQQshort | +0.0096% | 1h | 741.83 | −0.005% | $7.9M | $21.7M | 30x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.45 | −0.057% | $3.4M | $449K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.45 | −0.057% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.092% | $7K | $15K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.30 | −0.077% | $92K | $1K | 10x | as long as short |
| Lighter RH QQQ | +0.0112% | 1h | 742.18 | +0.042% | $37.8M | $83.1M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0179% | 8h | 742.01 | +0.018% | $316K | $1.7M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0212% | 1h | 742.09 | +0.029% | $5.4M | $9.3M | 25x | as long as short |
| Bitget QQQUSDT | +0.0228% | 8h | 741.91 | +0.005% | $16.7M | $7.8M | 20x | as long as short |
| Nado QQQ-PERP | +0.0244% | 1h | 741.41 | −0.062% | $1.5M | $1.4M | 20x | as long as short |
| edgeX QQQUSDC | +0.0266% | 4h | 741.89 | +0.003% | $759K | $338K | 20x | as long as short |
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Phoenix QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Lighter RH QQQ
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Bitget QQQUSDT
Nado QQQ-PERP
edgeX QQQUSDC