Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%
Price spread now: Lighter RH against Gate+0.058%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.058%, 7d avg +0.002%
=Together, before fees+0.092%+ Points / potential airdropLighter RH: Points live · farm board+$9 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 0.056% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QQQ_USDT | 743.89 | 0 | get 0.0000% / 8h | 6h 41m | $3.2M | $21.2M | 50x |
| Short | Lighter RH QQQ | 744.32 | 0.0032 | get 0.0004% / 1h | 41m 26s | $37.4M | $79.5M | 50x |
Gate QQQ_USDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.058% → +0.002%
- $5.6
- Slippage, 4 orders
- −$3.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$6.07
- Costs to cover
- 0.184%
- Break-even
- 13.3 days
Slippage from Gate: 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 Gate live order book, 2 min ago | 0.34 bp | 9.4 bp −$9 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.20 bp | 0.8 bp −$1 | 1.3 bp −$13 | 7.0 bp −$701 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0178% | 1h | 743.00 | −0.120% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0096% / S +0.0201% | 1h | 744.14 | +0.034% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.13 | +0.032% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.90 | +0.001% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 743.89 | long leg | $3.2M | $21.2M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 744.66 | +0.104% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.46 | +0.077% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.47 | +0.078% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0013% | 8h | 744.12 | +0.031% | $841K | $712K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 743.80 | −0.012% | $425K | $148K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0026% | 8h | 744.31 | +0.056% | $1.1M | $319K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.90 | +0.001% | $7.7M | $17.7M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 744.32 | +0.058% | $37.4M | $79.5M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.34 | −0.074% | $747K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.12 | +0.165% | — | $356K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.05 | +0.022% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0066% | 8h | 744.26 | +0.050% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0090% | 8h | 744.15 | +0.035% | $71.1M | $147.4M | 25x | as long as short |
| Bitget QQQUSDT | +0.0090% | 8h | 744.17 | +0.038% | $16.9M | $5.9M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.85 | −0.005% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.76 | −0.017% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.87 | −0.003% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.34 | −0.074% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 743.79 | −0.013% | $1.5M | $1.0M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.15 | +0.035% | $5.4M | $8.2M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.78 | −0.015% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0257% | 8h | 744.49 | +0.080% | $319K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0480% | 4h | 744.13 | +0.032% | $761K | $333K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
Bitget QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC