Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.096%
Price spread now: Lighter RH against Binance+0.019%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 2 days (all we have)−0.076%−$8 · spread now +0.019%, 7d avg −0.008%
=Together, before fees+0.083%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.027% dearer against Binance than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.008%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.159%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 743.53 | 0.0079 | pay 0.0079% / 8h | 46m 06s | $71.0M | $160.6M | 25x |
| Short | Lighter RH QQQ | 743.67 | 0.0048 | get 0.0006% / 1h | 46m 06s | $37.6M | $79.0M | 50x |
Binance QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$6.54
- Price spread: +0.019% → −0.008%
- $2.68
- Slippage, 4 orders
- −$1.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$14.87
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago | 0.07 bp | 5.1 bp −$5 | 5.5 bp −$55 | 10.3 bp −$1,026 | 26.9 bp −$13.4K |
| Sell Lighter RH live order book, 3 min ago | 0.14 bp | 0.1 bp $0 | 0.8 bp −$8 | 5.6 bp −$561 | 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 −0.0070% / S +0.0181% | 1h | 743.48 | −0.007% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.20 | −0.044% | $841K | $780K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.41 | −0.016% | $21.5M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.97 | −0.075% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.84 | +0.042% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | −0.054% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.68 | +0.020% | $360K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0016% | 8h | 742.84 | −0.093% | $1.0M | $468K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.64 | −0.119% | $738K | $1.4M | 25x | as long as short |
| edgeX QQQUSDC | +0.0045% | 4h | 743.18 | −0.047% | $760K | $337K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Arcus QQQ-USD
edgeX QQQUSDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.80 | +0.037% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.13 | −0.053% | $17.6M | $10.3M | — | as long as short |
| Lighter RH QQQshort | +0.0048% | 1h | 743.67 | +0.019% | $37.6M | $79.0M | 50x | |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.08 | −0.195% | $4.2M | $2.1M | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.80 | −0.098% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDTlong | +0.0079% | 8h | 743.53 | long leg | $71.0M | $160.6M | 25x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0087% | 1h | 743.14 | −0.052% | $425K | $185K | 20x | as long as short |
| Lighter QQQ | +0.0088% | 1h | 743.32 | −0.028% | $7.6M | $20.9M | 30x | as long as short |
| Bybit QQQUSDT | +0.0098% | 8h | 743.68 | +0.020% | $10.7M | $5.2M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.93 | −0.080% | $3.4M | $424K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.72 | −0.109% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.14 | −0.052% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.70 | −0.111% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0178% | 1h | 742.89 | −0.086% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0188% | 8h | 743.36 | −0.023% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.56 | +0.004% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 742.87 | −0.088% | $38K | $73K | 20x | as long as short |
| Bitget QQQUSDT | +0.0196% | 8h | 743.50 | −0.004% | $16.9M | $7.1M | 20x | as long as short |
Vest QQQ-USD-PERP
Variational Omni QQQ
Ondo Perps QQQ-USD.P
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUAL
Lighter QQQ
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
Bitget QQQUSDT