Funding you earn now, next payment 22:00 UTC+0.0002%/8h= +0.3% APRpaid last 24h +0.107%
Price spread now: Lighter against Binance−0.012%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 2 days (all we have)+0.025%+$3 · spread now −0.012%, 7d avg −0.007%
=Together, before fees+0.153%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 742.03 | 0.0094 | pay 0.0094% / 8h | 2h 00m | $69.8M | $164.8M | 25x |
| Short | Lighter QQQ | 741.94 | 0.0096 | get 0.0012% / 1h | 0m 20s | $7.8M | $21.8M | 30x |
Binance QQQUSDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $0.5
- Price spread: −0.012% → −0.007%
- −$0.57
- Slippage, 4 orders
- −$1.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.67
- Costs to cover
- 0.116%
- Break-even
- 169.7 days
Slippage from Binance: live order book, 13 min ago; Lighter: 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 Binance live order book, 13 min ago | 0.07 bp | 5.1 bp −$5 | 6.5 bp −$65 | 10.4 bp −$1,040 | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.34 bp | 1.0 bp −$1 | 2.7 bp −$27 | 18.2 bp −$1,820 | 57.2 bp −$28.6K |
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 | +0.002% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0003% | 8h | 741.79 | −0.033% | $1.0M | $509K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.73 | −0.041% | $21.3M | $28.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.71 | −0.043% | $3.1M | $33.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.060% | $1K | $2.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.76 | −0.037% | $424K | $304K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.30 | +0.036% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.45 | +0.056% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0013% | 8h | 741.87 | −0.022% | $840K | $780K | 20x | as long as short |
| Arcus QQQ-USD | +0.0025% | 1h | 741.33 | −0.095% | $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
Aster 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 | −0.097% | $4.2M | $2.2M | 20x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.45 | +0.056% | — | $621K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.73 | −0.041% | $1.2M | $880K | 20x | as long as short |
| Variational Omni QQQ | +0.0065% | 8h | 742.02 | −0.002% | $17.2M | $10.1M | — | as long as short |
| Phoenix QQQ | +0.0076% | 1h | 741.50 | −0.072% | $38K | $73K | 20x | as long as short |
| Bybit QQQUSDT | +0.0084% | 8h | 742.13 | +0.013% | $10.7M | $5.4M | 50x | as long as short |
| edgeX QQQUSDC | +0.0091% | 4h | 742.09 | +0.008% | $759K | $337K | 20x | as long as short |
| Binance QQQUSDTlong | +0.0094% | 8h | 742.03 | long leg | $69.8M | $164.8M | 25x | |
| Lighter QQQshort | +0.0096% | 1h | 741.94 | −0.012% | $7.8M | $21.8M | 30x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.52 | −0.069% | $3.4M | $448K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.50 | −0.072% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.113% | $7K | $15K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.42 | −0.082% | $92K | $1K | 10x | as long as short |
| Lighter RH QQQ | +0.0112% | 1h | 742.27 | +0.032% | $37.6M | $83.6M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0185% | 8h | 742.17 | +0.018% | $316K | $1.7M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0212% | 1h | 742.20 | +0.023% | $5.4M | $9.3M | 25x | as long as short |
| Bitget QQQUSDT | +0.0229% | 8h | 742.05 | +0.002% | $16.7M | $7.8M | 20x | as long as short |
| Nado QQQ-PERP | +0.0242% | 1h | 741.43 | −0.081% | $1.5M | $1.3M | 20x | as long as short |
Ondo Perps QQQ-USD.P
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Phoenix QQQ
Bybit QQQUSDT
edgeX QQQUSDC
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