Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.014%

Price spread now: Lighter RH against HTX+0.009%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.009%, 7d avg −0.047%

Together, before fees+0.122%+ Points / potential airdropLighter RH: Points live · farm board+$12 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 0.057% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX QQQ-USDT	743.12	0	get 0.0000% / 8h	1h 04m	$257K	$26K	30x
Short	Lighter RH QQQ	743.19	0.0032	get 0.0004% / 1h	4m 42s	$37.7M	$82.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee Lighter RHbpOrdersPrice spread, now +0.009%Rate

Funding earned: $6.72
Price spread: +0.009% → −0.047%: $5.66
Slippage, 4 orders: −$5.79
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$5.41
Costs to cover: 0.178%
Break-even: 12.6 days

Slippage from HTX: live order book, 12 min ago; Lighter RH: live order book, 4 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, 12 min ago	2.69 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	0.20 bp	0.2 bp $0	0.3 bp −$3	6.2 bp −$619	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 −0.0066% / S +0.0178%	1h	743.09	−0.005%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0036%	1h	742.00	−0.151%	$4.2M	$2.1M	20x	as long as short
BloFin QQQ-USDT	−0.0016%	8h	742.23	−0.120%	$1.0M	$468K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.71	−0.055%	$841K	$780K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.82	−0.040%	$21.5M	$27.7M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.61	−0.069%	$3.1M	$32.9M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.46	+0.046%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDTlong	0.0000%	8h	743.12	long leg	$257K	$26K	30x
Phemex QQQUSDT	0.0000%	8h	743.21	+0.012%	$359K	$1.4M	10x	as long as short
Lighter RH QQQshort	+0.0032%	1h	743.19	+0.009%	$37.7M	$82.0M	50x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QQQ	+0.0036%	8h	742.77	−0.046%	$17.6M	$10.3M	—	as long as short
Lighter QQQ	+0.0040%	1h	742.90	−0.030%	$7.7M	$21.6M	30x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.14	−0.132%	$737K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.42	+0.040%	—	$621K	50x	as long as short
Binance QQQUSDT	+0.0070%	8h	743.07	−0.007%	$70.7M	$160.7M	25x	as long as short
Bybit QQQUSDT	+0.0083%	8h	743.09	−0.004%	$10.7M	$5.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0088%	1h	742.43	−0.093%	$1.2M	$868K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.47	−0.087%	$3.4M	$429K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.27	−0.114%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.37	−0.101%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.30	−0.110%	$92K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0127%	1h	742.71	−0.055%	$424K	$227K	20x	as long as short
Nado QQQ-PERP	+0.0161%	1h	742.47	−0.088%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0171%	8h	742.97	−0.020%	$319K	$1.8M	10x	as long as short
Bitget QQQUSDT	+0.0192%	8h	742.87	−0.034%	$16.9M	$7.0M	20x	as long as short
Phoenix QQQ	+0.0259%	1h	742.27	−0.114%	$38K	$73K	20x	as long as short
RISEx QQQ/USDC	+0.0315%	1h	743.00	−0.016%	$5.3M	$9.0M	25x	as long as short
edgeX QQQUSDC	+0.0315%	4h	742.72	−0.053%	$759K	$336K	20x	as long as short