Funding you earn now, next payment 07:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.056%
Price spread now: Lighter RH against GRVT+0.041%49s7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$120.118% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.041%, 7d avg −0.050%
=Together, before fees−0.206%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.092% dearer against GRVT than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.050%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT QQQ_USDT_Perp | 741.97 | 0.0115 | pay 0.0115% / 8h | 1h 28m | $322K | $2.0M | 10x |
| Short | Lighter RH QQQ | 742.28 | 0.0032 | get 0.0004% / 1h | 28m 40s | $37.0M | $80.5M | 50x |
GRVT QQQ_USDT_Perp
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$17.43
- Price spread: +0.041% → −0.050%
- $9.18
- Slippage, 4 orders
- −$2.76
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$20.01
- Costs to cover
- 0.118%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 5 min ago; Lighter RH: live order book, 5 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, 5 min ago | 0.81 bp | 5.8 bp −$6 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 0.14 bp | 0.3 bp $0 | 0.4 bp −$4 | 7.3 bp −$735 | 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 −0.0160% / S +0.0252% | 1h | 741.82 | −0.021% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0022% | 8h | 741.36 | −0.083% | $3.3M | $21.5M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0009% | 8h | 741.84 | −0.018% | $1.1M | $278K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0001% | 1h | 740.66 | −0.177% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.03 | +0.008% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.05 | +0.010% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.81 | −0.022% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.84 | −0.017% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.26 | +0.039% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.69 | −0.039% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.73 | +0.102% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.56 | +0.079% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.33 | +0.048% | $363K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.07 | +0.013% | $70.1M | $144.5M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.36 | −0.083% | $1.2M | $547K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.88 | −0.012% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 742.28 | +0.041% | $37.0M | $80.5M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.05 | −0.124% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.94 | +0.130% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.61 | −0.049% | $3.4M | $353K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.39 | −0.079% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.77 | −0.027% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.33 | −0.087% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perplong | +0.0115% | 8h | 741.97 | long leg | $322K | $2.0M | 10x | |
| Nado QQQ-PERP | +0.0134% | 1h | 741.49 | −0.065% | $1.5M | $764K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0141% | 1h | 741.80 | −0.023% | $424K | $154K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.41 | −0.076% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0956% | 4h | 741.64 | −0.045% | $758K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC