Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.004%
Price spread now: Lighter RH against Coinbase International+0.199%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$140.138% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.199%, 7d avg +0.043%
=Together, before fees−0.389%+ Points / potential airdropLighter RH: Points live · farm board−$39 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 0.156% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 742.64 | 0 | get 0.0000% / 1h | 45m 56s | $1.2M | $536K | 20x |
| Short | Lighter RH QQQ | 744.12 | 0.0048 | get 0.0006% / 1h | 45m 56s | $37.0M | $78.2M | 50x |
Coinbase International QQQ-PERP-INTX
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Coinbase International. 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: +0.199% → +0.043%
- $15.62
- Slippage, 4 orders
- −$3.84
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $11.86
- Costs to cover
- 0.138%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 0.07 bp | 6.8 bp −$7 | 8.5 bp −$85 | 37.5 bp −$3,752 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.07 bp | 0.6 bp −$1 | 1.7 bp −$17 | 8.8 bp −$878 | 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 −0.0132% / S +0.0230% | 1h | 743.79 | +0.156% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0033% | 1h | 742.29 | −0.047% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 743.60 | +0.129% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.82 | +0.159% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.72 | +0.145% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.50 | +0.116% | $21.5M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.23 | +0.079% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.92 | +0.172% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.66 | +0.138% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.25 | +0.217% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTXlong | 0.0000% | 1h | 742.64 | long leg | $1.2M | $536K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 743.53 | +0.120% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.08 | +0.194% | $360K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.85 | +0.163% | $5.4M | $7.3M | 25x | as long as short |
| Binance QQQUSDT | +0.0011% | 8h | 743.69 | +0.141% | $70.9M | $141.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.69 | +0.141% | $7.7M | $15.8M | 30x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0032% | 1h | 743.63 | +0.133% | $425K | $150K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.92 | +0.038% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.77 | +0.287% | — | $337K | 50x | as long as short |
| Lighter RH QQQshort | +0.0048% | 1h | 744.12 | +0.199% | $37.0M | $78.2M | 50x | |
| GRVT QQQ_USDT_Perp | +0.0079% | 8h | 743.34 | +0.094% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0093% | 1h | 743.50 | +0.116% | $1.5M | $780K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.37 | +0.098% | $3.4M | $343K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.82 | +0.024% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.58 | +0.127% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.04 | +0.053% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.09 | +0.061% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0649% | 4h | 743.23 | +0.079% | $760K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Binance QQQUSDT
Lighter QQQ
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC