Funding you earn now, next payment 03:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.014%
Price spread now: Arcus against Lighter−0.109%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Funding, last 4 days (all we have)−0.024%−$2 on $10k
+Price spread, last 7 days+0.137%+$14 · spread now −0.109%, 7d avg −0.068%
=Together, before fees+0.113%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.041% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 744.28 | 0.0032 | pay 0.0004% / 1h | 56m 19s | $7.7M | $17.1M | 30x |
| Short | Arcus QQQ-USD | 743.47 | 0.0040 | get 0.0005% / 1h | 56m 19s | $705K | $1.6M | 25x |
Lighter QQQ
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $1.74
- Price spread: −0.109% → −0.068%
- −$4.12
- Slippage, 4 orders
- −$8.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$15.38
- Costs to cover
- 0.130%
- Break-even
- 68.9 days
Slippage from Lighter: live order book, 7 min ago; Arcus: 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, 7 min ago | 0.61 bp | 0.6 bp −$1 | 1.3 bp −$13 | 12.2 bp −$1,216 | 47.1 bp −$23.6K |
| Sell Arcus live order book, 3 min ago | 0.14 bp | 6.0 bp −$6 | 10.9 bp −$109 | doesn't fit | doesn't fit |
QQQ on 27 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 −0.0105% / S +0.0209% | 1h | 744.50 | +0.030% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | +0.017% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.46 | +0.024% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.55 | +0.036% | $5.4M | $7.9M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.14 | −0.019% | $3.3M | $20.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.57 | +0.039% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.089% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.72 | +0.059% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.95 | +0.090% | $357K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.41 | +0.017% | $841K | $713K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | +0.0016% | 1h | 743.51 | −0.103% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 744.28 | long leg | $7.7M | $17.1M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.80 | +0.070% | $37.4M | $78.2M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.054% | $1.2M | $532K | 20x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.47 | −0.109% | $705K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.41 | +0.152% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0053% | 8h | 744.24 | −0.005% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0077% | 8h | 744.50 | +0.030% | $71.2M | $144.8M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.13 | −0.020% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.90 | −0.051% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.21 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.69 | −0.079% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0105% | 1h | 744.09 | −0.026% | $1.5M | $926K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0126% | 1h | 744.28 | 0.000% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0174% | 8h | 744.47 | +0.026% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 744.04 | −0.032% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0258% | 4h | 744.28 | 0.000% | $761K | $335K | 20x | as long as short |
Ondo Perps QQQ-USD.P
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC