Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against Deribit+0.015%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$120.119% of the position
Funding, last 5 days (all we have)−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.015%, 7d avg +0.029%
=Together, before fees−0.188%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 739.87 | 0 | get 0.0000% / 1h | 22m 06s | $423K | $128K | 20x |
| Short | Lighter QQQ | 739.98 | 0.0032 | get 0.0004% / 1h | 22m 06s | $7.6M | $15.5M | 30x |
Deribit QQQ_USDC-PERPETUAL
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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% → +0.029%
- −$1.37
- Slippage, 4 orders
- −$4.91
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.56
- Costs to cover
- 0.119%
- Break-even
- 13.8 days
Slippage from Deribit: live order book, 12 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 Deribit live order book, 12 min ago | 0.07 bp | 3.6 bp −$4 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.34 bp | 1.0 bp −$1 | 2.3 bp −$23 | 19.2 bp −$1,920 | 55.2 bp −$27.6K |
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 −0.0187% / S +0.0272% | 1h | 739.95 | +0.010% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 739.59 | −0.038% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 739.59 | −0.038% | $820K | $903K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.33 | +0.062% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 739.99 | +0.016% | $21.8M | $29.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.04 | +0.023% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.57 | −0.041% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.30 | +0.058% | $16.5M | $5.1M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 739.24 | −0.085% | $16.7M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.75 | +0.119% | $2K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUALlong | 0.0000% | 1h | 739.87 | long leg | $423K | $128K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 739.76 | −0.015% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.40 | +0.072% | $364K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 739.14 | −0.099% | $1.2M | $497K | 20x | as long as short |
| Binance QQQUSDT | +0.0028% | 8h | 740.25 | +0.051% | $70.3M | $141.0M | 25x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 739.98 | +0.015% | $7.6M | $15.5M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 740.41 | +0.073% | $37.6M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.39 | −0.065% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.19 | +0.178% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 738.51 | −0.184% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.70 | −0.023% | $3.4M | $391K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.17 | −0.095% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.82 | −0.007% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.47 | −0.054% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0114% | 8h | 739.63 | −0.032% | $314K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0151% | 1h | 739.66 | −0.028% | $1.6M | $745K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.00 | −0.118% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0597% | 4h | 739.30 | −0.077% | $756K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC