Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.028%
Price spread now: Lighter against Gate+0.005%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days−0.186%−$19 · spread now +0.005%, 7d avg −0.062%
=Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 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 is 0.067% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QQQ_USDT | 741.61 | 0 | get 0.0000% / 8h | 7h 00m | $3.4M | $21.1M | 50x |
| Short | Lighter QQQ | 741.65 | 0.0032 | get 0.0004% / 1h | 0m 23s | $7.7M | $15.7M | 30x |
Gate QQQ_USDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: +0.005% → −0.062%
- $6.74
- Slippage, 4 orders
- −$8.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.96
- Costs to cover
- 0.234%
- Break-even
- 17.4 days
Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 8 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 Gate live order book, 3 min ago | 0.61 bp | 8.6 bp −$9 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.54 bp | 0.5 bp −$1 | 3.6 bp −$36 | 23.2 bp −$2,325 | 62.7 bp −$31.4K |
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 −0.0191% / S +0.0276% | 1h | 742.04 | +0.059% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.01 | +0.054% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.90 | +0.039% | $21.6M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.84 | +0.030% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 741.61 | long leg | $3.4M | $21.1M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 742.14 | +0.071% | $16.5M | $5.2M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.67 | +0.143% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.27 | +0.089% | $251K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.51 | +0.121% | $358K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0023% | 8h | 741.88 | +0.036% | $1.1M | $280K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 741.51 | −0.013% | $1.2M | $510K | 20x | as long as short |
| Variational Omni QQQ | +0.0027% | 8h | 741.87 | +0.035% | $16.7M | $7.2M | — | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 741.65 | +0.005% | $7.7M | $15.7M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.08 | +0.063% | $38.3M | $82.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.16 | −0.061% | $647K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.95 | +0.181% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0047% | 1h | 740.90 | −0.096% | $4.2M | $1.8M | 20x | as long as short |
| Binance QQQUSDT | +0.0053% | 8h | 742.12 | +0.069% | $70.7M | $141.4M | 25x | as long as short |
| Bybit QQQUSDT | +0.0075% | 8h | 742.06 | +0.061% | $10.7M | $5.0M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.62 | +0.001% | $3.4M | $409K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.54 | −0.009% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.81 | +0.027% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.31 | −0.041% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0128% | 1h | 741.72 | +0.015% | $424K | $125K | 20x | as long as short |
| Nado QQQ-PERP | +0.0143% | 1h | 741.44 | −0.023% | $1.6M | $751K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 741.49 | −0.016% | $38K | $65K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0300% | 8h | 742.11 | +0.068% | $322K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0565% | 4h | 741.97 | +0.049% | $759K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
Binance QQQUSDT
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC