Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.002%
Price spread now: Lighter RH against Bybit+0.015%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now +0.015%, 7d avg −0.023%
=Together, before fees+0.109%+ Points / potential airdropLighter RH: Points live · farm board+$11 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 0.037% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit QQQUSDT | 743.00 | 0 | get 0.0000% / 8h | 2h 01m | $10.6M | $5.2M | 50x |
| Short | Lighter RH QQQ | 743.11 | 0.0032 | get 0.0004% / 1h | 1m 25s | $36.9M | $81.1M | 50x |
Bybit QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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
- $6.72
- Price spread: +0.015% → −0.023%
- $3.74
- Slippage, 4 orders
- −$4.81
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$5.35
- Costs to cover
- 0.158%
- Break-even
- 12.6 days
Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 0.07 bp | 7.8 bp −$8 | 12.0 bp −$120 | 84.0 bp −$8,401 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.07 bp | 0.1 bp $0 | 0.5 bp −$5 | 7.2 bp −$723 | 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 −0.0154% / S +0.0247% | 1h | 742.96 | −0.006% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0010% | 8h | 742.76 | −0.032% | $1.1M | $278K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0009% | 1h | 741.72 | −0.172% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.51 | −0.067% | $823K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.96 | −0.005% | $70.2M | $145.2M | 25x | as long as short |
| Bybit QQQUSDTlong | 0.0000% | 8h | 743.00 | long leg | $10.6M | $5.2M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.75 | −0.034% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.79 | −0.029% | $5.4M | $6.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.21 | −0.106% | $3.3M | $21.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.00 | 0.000% | $16.6M | $5.6M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | 0.0000% | 8h | 742.98 | −0.002% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.45 | +0.061% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.63 | −0.050% | $1.2M | $542K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.32 | +0.043% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.13 | +0.017% | $364K | $1.6M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.73 | −0.036% | $7.6M | $15.8M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 743.11 | +0.015% | $36.9M | $81.1M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.04 | −0.129% | $688K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.79 | +0.106% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0097% | 8h | 743.13 | +0.017% | $322K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.54 | −0.062% | $3.4M | $365K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.58 | −0.057% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.58 | −0.057% | $12K | $21K | 20x | as long as short |
| edgeX QQQUSDC | +0.0104% | 4h | 742.82 | −0.024% | $759K | $336K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.11 | −0.120% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0124% | 1h | 742.48 | −0.070% | $1.5M | $748K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.61 | −0.052% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0208% | 1h | 742.61 | −0.052% | $424K | $153K | 20x | as long as short |
Variational Omni QQQ
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
edgeX QQQUSDC
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL