Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.010%
Price spread now: Lighter against KuCoin+0.018%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.285% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.018%, 7d avg −0.028%
=Together, before fees−0.155%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.045% dearer against KuCoin than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.028%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin QQQUSDTM | 742.50 | 0.0100 | pay 0.0100% / 8h | 3h 07m | $3.4M | $344K | 20x |
| Short | Lighter QQQ | 742.63 | 0.0032 | get 0.0004% / 1h | 7m 26s | $7.7M | $15.9M | 30x |
KuCoin QQQUSDTM
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$14.28
- Price spread: +0.018% → −0.028%
- $4.52
- Slippage, 4 orders
- −$16.48
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$38.24
- Costs to cover
- 0.285%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Lighter: live order book, 6 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 KuCoin live order book, 5 min ago | 1.08 bp | 8.2 bp −$8 | 81.0 bp −$810 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.54 bp | 1.2 bp −$1 | 3.3 bp −$33 | 21.4 bp −$2,140 | 61.8 bp −$30.9K |
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 −0.0140% / S +0.0236% | 1h | 742.75 | +0.033% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 743.11 | +0.082% | $1.1M | $246K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0010% | 1h | 741.74 | −0.102% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.78 | +0.037% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.75 | +0.034% | $70.1M | $143.7M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.78 | +0.038% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.59 | +0.012% | $21.6M | $27.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.18 | −0.043% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.08 | +0.078% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.83 | +0.044% | $17.1M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
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 | 743.28 | +0.105% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.35 | −0.020% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.01 | +0.069% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.10 | +0.081% | $360K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0006% | 1h | 742.43 | −0.009% | $424K | $151K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 742.85 | +0.047% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 742.63 | +0.018% | $7.7M | $15.9M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.96 | +0.062% | $36.9M | $79.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.06 | −0.059% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.67 | +0.158% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0072% | 8h | 742.95 | +0.061% | $320K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTMlong | +0.0100% | 8h | 742.50 | long leg | $3.4M | $344K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.36 | −0.019% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.52 | +0.003% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0100% | 1h | 742.38 | −0.017% | $1.5M | $763K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.98 | −0.070% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.42 | −0.011% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0178% | 4h | 742.80 | +0.040% | $759K | $334K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC