Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.011%
Price spread now: Lighter against BloFin+0.051%90s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$140.139% of the position
Funding, last 7 days+0.235%+$23 on $10k
+Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.051%, 7d avg −0.020%
=Together, before fees+0.084%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.071% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.020%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin QQQ-USDT | 743.09 | −0.0016 | get 0.0016% / 8h | 17m 19s | $1.1M | $320K | 20x |
| Short | Lighter QQQ | 743.47 | 0.0064 | get 0.0008% / 1h | 17m 19s | $7.6M | $20.9M | 30x |
BloFin QQQ-USDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- $16.88
- Price spread: +0.051% → −0.020%
- $7.11
- Slippage, 4 orders
- −$1.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.1
- Costs to cover
- 0.139%
- Break-even
- 2.8 days
Slippage from BloFin: live order book, 5 min ago; Lighter: live order book, 6 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 BloFin live order book, 5 min ago | 0.07 bp | 6.9 bp −$7 | 8.1 bp −$81 | 10.6 bp −$1,058 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.47 bp | 0.5 bp $0 | 1.5 bp −$15 | 21.9 bp −$2,190 | 62.4 bp −$31.2K |
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 −0.0076% / S +0.0186% | 1h | 743.62 | +0.071% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0026% | 1h | 742.12 | −0.131% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDTlong | −0.0016% | 8h | 743.09 | long leg | $1.1M | $320K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | +0.036% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.44 | +0.047% | $21.6M | $27.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.24 | +0.020% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.05 | +0.129% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | +0.005% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.03 | +0.126% | $360K | $1.4M | 10x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.81 | +0.097% | $37.5M | $80.5M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.83 | −0.035% | $694K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.07 | +0.132% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.32 | +0.032% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQshort | +0.0064% | 1h | 743.47 | +0.051% | $7.6M | $20.9M | 30x | |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.85 | −0.032% | $1.2M | $865K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.60 | +0.069% | $71.1M | $160.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.13 | +0.005% | $3.4M | $416K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.07 | −0.003% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.29 | +0.027% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0101% | 8h | 743.58 | +0.066% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.89 | −0.028% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0172% | 1h | 743.15 | +0.008% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0182% | 8h | 743.63 | +0.073% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 743.65 | +0.075% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.73 | +0.086% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.09 | 0.000% | $38K | $73K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0208% | 1h | 743.41 | +0.043% | $425K | $164K | 20x | as long as short |
| edgeX QQQUSDC | +0.0658% | 4h | 743.31 | +0.030% | $760K | $337K | 20x | as long as short |
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC