Funding you earn now, next payment 06:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.015%
Price spread now: Lighter RH against BloFin+0.035%91s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as 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−$150.146% of the position
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.035%, 7d avg −0.010%
=Together, before fees+0.160%+ Points / potential airdropLighter RH: Points live · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.045% dearer against BloFin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 91 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 | 742.82 | 0.0027 | pay 0.0027% / 8h | 2h 03m | $1.1M | $278K | 20x |
| Short | Lighter RH QQQ | 743.08 | 0.0032 | get 0.0004% / 1h | 3m 38s | $37.0M | $81.0M | 50x |
BloFin QQQ-USDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $0.96
- Price spread: +0.035% → −0.010%
- $4.53
- Slippage, 4 orders
- −$2.62
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$9.13
- Costs to cover
- 0.146%
- Break-even
- 73.7 days
Slippage from BloFin: live order book, 4 min ago; Lighter RH: live order book, 5 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, 4 min ago | 0.07 bp | 7.0 bp −$7 | 7.4 bp −$74 | 12.6 bp −$1,265 | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 0.47 bp | 0.5 bp $0 | 0.5 bp −$5 | 6.5 bp −$648 | 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 −0.0153% / S +0.0246% | 1h | 742.96 | +0.018% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0010% | 1h | 741.84 | −0.132% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.58 | −0.033% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.94 | +0.016% | $70.3M | $145.2M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.91 | +0.012% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.65 | −0.023% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.83 | +0.001% | $5.4M | $6.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.21 | −0.082% | $3.3M | $21.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.00 | +0.024% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.98 | +0.022% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.47 | +0.088% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.63 | −0.026% | $1.2M | $542K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.32 | +0.067% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.96 | +0.019% | $363K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDTlong | +0.0027% | 8h | 742.82 | long leg | $1.1M | $278K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 742.68 | −0.019% | $7.6M | $15.8M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 743.08 | +0.035% | $37.0M | $81.0M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.08 | −0.100% | $689K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.86 | +0.140% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0087% | 1h | 742.62 | −0.027% | $424K | $153K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0097% | 8h | 743.30 | +0.065% | $315K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.60 | −0.030% | $3.4M | $365K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.73 | −0.012% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.65 | −0.023% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.14 | −0.092% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.58 | −0.032% | $1.5M | $749K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.79 | −0.004% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0567% | 4h | 743.11 | +0.039% | $760K | $335K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC