Funding you earn now, next payment 22:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.008%
Price spread now: Lighter RH against Aster+0.055%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$90.093% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.055%, 7d avg −0.014%
=Together, before fees+0.063%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter RH is 0.069% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 741.87 | 0.0013 | pay 0.0013% / 8h | 2h 01m | $840K | $780K | 20x |
| Short | Lighter RH QQQ | 742.28 | 0.0112 | get 0.0014% / 1h | 1m 14s | $37.6M | $83.6M | 50x |
Aster QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $20.89
- Price spread: +0.055% → −0.014%
- $6.9
- Slippage, 4 orders
- −$1.32
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $18.48
- Costs to cover
- 0.093%
- Break-even
- 0.8 days
Slippage from Aster: live order book, 21 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 Aster live order book, 21 min ago | 0.47 bp | 4.5 bp −$4 | 5.4 bp −$54 | 24.9 bp −$2,487 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.14 bp | 0.1 bp $0 | 0.3 bp −$3 | 5.6 bp −$558 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0062% / S +0.0175% | 1h | 742.04 | +0.024% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0003% | 8h | 741.79 | −0.011% | $1.0M | $509K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.79 | −0.011% | $21.3M | $28.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.75 | −0.016% | $3.1M | $33.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.082% | $1K | $2.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.75 | −0.016% | $424K | $304K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.30 | +0.058% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.28 | +0.055% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDTlong | +0.0013% | 8h | 741.87 | long leg | $840K | $780K | 20x | |
| Arcus QQQ-USD | +0.0025% | 1h | 741.37 | −0.067% | $735K | $1.5M | 25x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Arcus QQQ-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | +0.0038% | 1h | 741.31 | −0.075% | $4.2M | $2.2M | 20x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.47 | +0.081% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0061% | 8h | 742.08 | +0.029% | $17.2M | $10.1M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.73 | −0.019% | $1.2M | $880K | 20x | as long as short |
| Phoenix QQQ | +0.0076% | 1h | 741.50 | −0.050% | $38K | $73K | 20x | as long as short |
| Bybit QQQUSDT | +0.0083% | 8h | 742.22 | +0.047% | $10.7M | $5.4M | 50x | as long as short |
| edgeX QQQUSDC | +0.0091% | 4h | 742.09 | +0.030% | $759K | $337K | 20x | as long as short |
| Binance QQQUSDT | +0.0093% | 8h | 742.05 | +0.024% | $69.8M | $164.8M | 25x | as long as short |
| Lighter QQQ | +0.0096% | 1h | 742.02 | +0.020% | $7.8M | $21.8M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.54 | −0.044% | $3.4M | $448K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.50 | −0.050% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.21 | −0.089% | $7K | $15K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.44 | −0.057% | $92K | $1K | 10x | as long as short |
| Lighter RH QQQshort | +0.0112% | 1h | 742.28 | +0.055% | $37.6M | $83.6M | 50x | |
| GRVT QQQ_USDT_Perp | +0.0185% | 8h | 742.17 | +0.040% | $316K | $1.7M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0212% | 1h | 742.20 | +0.044% | $5.4M | $9.3M | 25x | as long as short |
| Bitget QQQUSDT | +0.0229% | 8h | 742.05 | +0.024% | $16.7M | $7.8M | 20x | as long as short |
| Nado QQQ-PERP | +0.0242% | 1h | 741.49 | −0.051% | $1.5M | $1.3M | 20x | as long as short |
Ondo Perps QQQ-USD.P
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Phoenix QQQ
Bybit QQQUSDT
edgeX QQQUSDC
Binance QQQUSDT
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Bitget QQQUSDT
Nado QQQ-PERP