Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.029%
Price spread now: Lighter RH against Bitget+0.036%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.036%, 7d avg −0.036%
=Together, before fees−0.010%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.072% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget QQQUSDT | 744.60 | 0 | get 0.0000% / 8h | 4h 20m | $16.9M | $5.7M | 20x |
| Short | Lighter RH QQQ | 744.87 | 0.0048 | get 0.0006% / 1h | 20m 06s | $37.0M | $79.5M | 50x |
Bitget QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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
- $10.08
- Price spread: +0.036% → −0.036%
- $7.24
- Slippage, 4 orders
- −$1.39
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $3.93
- Costs to cover
- 0.134%
- Break-even
- 4.3 days
Slippage from Bitget: live order book, 4 min ago; Lighter RH: live order book, 4 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 Bitget live order book, 4 min ago | 0.07 bp | 6.6 bp −$7 | 8.8 bp −$88 | 12.3 bp −$1,231 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.13 bp | 0.1 bp $0 | 1.0 bp −$10 | 7.8 bp −$780 | 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 | −0.0155% | 1h | 743.39 | −0.163% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0125% / S +0.0224% | 1h | 744.59 | −0.002% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.51 | −0.012% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | −0.026% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.23 | −0.050% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.66 | +0.008% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.00 | −0.081% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDTlong | 0.0000% | 8h | 744.60 | long leg | $16.9M | $5.7M | 20x | |
| Variational Omni QQQ | 0.0000% | 8h | 744.50 | −0.014% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.08 | +0.064% | $2K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
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 | 744.93 | +0.044% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.90 | +0.040% | $361K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0003% | 8h | 744.39 | −0.028% | $1.1M | $261K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.107% | $1.2M | $537K | 20x | as long as short |
| Binance QQQUSDT | +0.0031% | 8h | 744.47 | −0.017% | $71.0M | $141.4M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.41 | −0.026% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.85 | −0.101% | $699K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.60 | +0.134% | — | $337K | 50x | as long as short |
| Lighter RH QQQshort | +0.0048% | 1h | 744.87 | +0.036% | $37.0M | $79.5M | 50x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0086% | 1h | 744.36 | −0.032% | $425K | $149K | 20x | as long as short |
| Nado QQQ-PERP | +0.0091% | 1h | 744.28 | −0.043% | $1.5M | $871K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0099% | 8h | 744.70 | +0.013% | $324K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.19 | −0.055% | $3.4M | $366K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.02 | −0.078% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.29 | −0.042% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.77 | −0.111% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.15 | −0.060% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0230% | 4h | 744.39 | −0.028% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC