Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.011%
Price spread now: ApeX Omni against Lighter−0.019%48s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as 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−$240.241% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 7 days+0.061%+$6 · spread now −0.019%, 7d avg +0.015%
=Together, before fees+0.180%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.034% cheaper against Lighter than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.015%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day). The two prices were read 48 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 | Lighter QQQ | 741.66 | 0.0032 | pay 0.0004% / 1h | 40m 47s | $7.6M | $15.4M | 30x |
| Short | ApeX Omni QQQUSDT | 741.52 | 0.0100 | get 0.0013% / 1h | 40m 47s | $20K | $2.2M | 50x |
Lighter QQQ
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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: −0.019% → +0.015%
- −$3.4
- Slippage, 4 orders
- −$14.13
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$13.25
- Costs to cover
- 0.241%
- Break-even
- 13.5 days
Slippage from Lighter: live order book, 8 min ago; ApeX Omni: live order book, 3 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 Lighter live order book, 8 min ago | 1.08 bp | 1.1 bp −$1 | 2.1 bp −$21 | 11.0 bp −$1,096 | 47.1 bp −$23.6K |
| Sell ApeX Omni live order book, 3 min ago | 3.84 bp | 11.1 bp −$11 | 36.6 bp −$366 | doesn't fit | 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 −0.0158% / S +0.0250% | 1h | 741.90 | +0.033% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0030% | 1h | 740.94 | −0.097% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0011% | 8h | 741.77 | +0.015% | $1.1M | $278K | 20x | as long as short |
| Gate QQQ_USDT | −0.0001% | 8h | 741.26 | −0.054% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.78 | +0.017% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.82 | +0.022% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.68 | +0.003% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.72 | +0.008% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.00 | +0.046% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.78 | +0.016% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Gate QQQ_USDT
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 | 742.36 | +0.094% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.96 | +0.040% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.05 | +0.053% | $360K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0001% | 8h | 741.88 | +0.030% | $70.1M | $145.4M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.73 | +0.009% | $1.2M | $550K | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 741.66 | long leg | $7.6M | $15.4M | 30x | |
| Lighter RH QQQ | +0.0040% | 1h | 742.06 | +0.054% | $36.9M | $80.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.05 | −0.082% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.82 | +0.156% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.50 | −0.022% | $3.4M | $352K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 741.52 | −0.019% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.61 | −0.007% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.11 | −0.075% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0111% | 8h | 742.20 | +0.073% | $318K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0145% | 1h | 741.52 | −0.018% | $1.5M | $758K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.77 | +0.015% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0211% | 4h | 741.89 | +0.030% | $759K | $336K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0276% | 1h | 741.70 | +0.005% | $424K | $154K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC
Deribit QQQ_USDC-PERPETUAL