Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.020%
Price spread now: Lighter against HTX−0.051%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.051%, 7d avg −0.050%
=Together, before fees+0.106%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.050%, 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 | HTX QQQ-USDT | 743.44 | 0 | get 0.0000% / 8h | 3h 26m | $257K | $29K | 30x |
| Short | Lighter QQQ | 743.06 | 0.0032 | get 0.0004% / 1h | 26m 22s | $7.7M | $15.8M | 30x |
HTX QQQ-USDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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: −0.051% → −0.050%
- −$0.12
- Slippage, 4 orders
- −$7.55
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.95
- Costs to cover
- 0.196%
- Break-even
- 20.5 days
Slippage from HTX: live order book, 25 min ago; Lighter: live order book, 12 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 HTX live order book, 25 min ago | 2.69 bp | 8.7 bp −$9 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 0.34 bp | 1.2 bp −$1 | 3.8 bp −$38 | 16.2 bp −$1,615 | 53.7 bp −$26.9K |
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 −0.0136% / S +0.0233% | 1h | 743.22 | −0.030% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0045% | 1h | 742.32 | −0.151% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0028% | 8h | 743.11 | −0.044% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.22 | −0.029% | $840K | $714K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.19 | −0.034% | $70.5M | $141.9M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.20 | −0.032% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.02 | −0.056% | $21.5M | $27.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.58 | −0.116% | $3.3M | $21.1M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.33 | −0.015% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.21 | −0.030% | $17.1M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
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 | 743.67 | +0.031% | $2K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.88 | −0.075% | $424K | $150K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.108% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDTlong | 0.0000% | 8h | 743.44 | long leg | $257K | $29K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 743.46 | +0.003% | $360K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.25 | −0.026% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 743.06 | −0.051% | $7.7M | $15.8M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 743.37 | −0.009% | $37.0M | $79.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.45 | −0.133% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.17 | +0.098% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0070% | 8h | 743.39 | −0.007% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0077% | 1h | 742.88 | −0.076% | $1.5M | $746K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.92 | −0.070% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.92 | −0.070% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.97 | −0.063% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.39 | −0.142% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.84 | −0.081% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0725% | 4h | 743.13 | −0.042% | $760K | $333K | 20x | as long as short |
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
Phemex QQQUSDT
RISEx QQQ/USDC
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC