Funding you earn now, next payment 03:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h +0.006%
Price spread now: Lighter against GRVT−0.043%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$110.113% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.043%, 7d avg −0.049%
=Together, before fees−0.237%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QQQ_USDT_Perp | 744.62 | 0.0172 | pay 0.0172% / 8h | 5h 55m | $322K | $1.9M | 10x |
| Short | Lighter QQQ | 744.30 | 0.0032 | get 0.0004% / 1h | 55m 04s | $7.7M | $17.1M | 30x |
GRVT QQQ_USDT_Perp
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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
- −$29.4
- Price spread: −0.043% → −0.049%
- $0.56
- Slippage, 4 orders
- −$2.28
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$40.12
- Costs to cover
- 0.113%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Lighter: live order book, 9 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 GRVT live order book, 3 min ago | 0.54 bp | 5.0 bp −$5 | 5.9 bp −$59 | 1412.0 bp −$141.2K | doesn't fit |
| Sell Lighter live order book, 9 min ago | 0.61 bp | 0.6 bp −$1 | 1.2 bp −$12 | 19.8 bp −$1,985 | 59.6 bp −$29.8K |
QQQ on 27 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 −0.0105% / S +0.0209% | 1h | 744.50 | −0.015% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.40 | −0.029% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.54 | −0.011% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.46 | −0.021% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.52 | −0.014% | $5.4M | $7.9M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.08 | −0.072% | $3.3M | $20.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.62 | 0.000% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.043% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.72 | +0.014% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.76 | +0.019% | $358K | $1.4M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | +0.0011% | 1h | 743.51 | −0.149% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 744.30 | −0.043% | $7.7M | $17.1M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.72 | +0.014% | $37.4M | $78.3M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.099% | $1.2M | $532K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.50 | −0.150% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.44 | +0.110% | — | $337K | 50x | as long as short |
| edgeX QQQUSDC | +0.0046% | 4h | 744.33 | −0.039% | $761K | $333K | 20x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.38 | −0.032% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 744.52 | −0.013% | $71.2M | $144.7M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.14 | −0.064% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.08 | −0.072% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.17 | −0.060% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.70 | −0.124% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0107% | 1h | 744.13 | −0.066% | $1.5M | $923K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 744.28 | −0.046% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0172% | 8h | 744.62 | long leg | $322K | $1.9M | 10x | |
| Phoenix QQQ | +0.0183% | 1h | 744.04 | −0.078% | $38K | $66K | 20x | as long as short |
Ondo Perps QQQ-USD.P
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
edgeX QQQUSDC
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ