Funding you earn now, next payment 22:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.027%
Price spread now: Aster against Lighter+0.003%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$100.103% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.003%, 7d avg +0.025%
=Together, before fees+0.049%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.022% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.025%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 741.85 | 0.0096 | pay 0.0012% / 1h | 9m 24s | $7.8M | $21.7M | 30x |
| Short | Aster QQQUSDT | 741.87 | 0.0006 | get 0.0006% / 8h | 2h 09m | $840K | $780K | 20x |
Lighter QQQ
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$18.86
- Price spread: +0.003% → +0.025%
- −$2.24
- Slippage, 4 orders
- −$2.29
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$31.39
- Costs to cover
- 0.103%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Aster: live order book, 13 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, 9 min ago | 0.67 bp | 0.7 bp −$1 | 3.0 bp −$30 | 18.0 bp −$1,798 | 56.0 bp −$28.0K |
| Sell Aster live order book, 13 min ago | 0.47 bp | 4.5 bp −$4 | 6.4 bp −$64 | 30.4 bp −$3,041 | 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 −0.0060% / S +0.0174% | 1h | 741.98 | +0.017% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0012% | 8h | 741.77 | −0.011% | $1.0M | $509K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.77 | −0.011% | $21.3M | $28.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.71 | −0.019% | $3.1M | $33.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.40 | +0.074% | $1K | $2.4M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.044% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.20 | +0.047% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDTshort | +0.0006% | 8h | 741.87 | +0.003% | $840K | $780K | 20x | |
| Arcus QQQ-USD | +0.0025% | 1h | 741.20 | −0.088% | $735K | $1.5M | 25x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0030% | 1h | 740.94 | −0.123% | $4.2M | $2.2M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Arcus QQQ-USD
Ondo Perps QQQ-USD.PShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.41 | +0.075% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0058% | 8h | 741.96 | +0.015% | $17.2M | $10.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.44 | −0.055% | $1.2M | $894K | 20x | as long as short |
| Bybit QQQUSDT | +0.0072% | 8h | 742.07 | +0.030% | $10.7M | $5.4M | 50x | as long as short |
| Phoenix QQQ | +0.0076% | 1h | 741.46 | −0.053% | $38K | $73K | 20x | as long as short |
| Binance QQQUSDT | +0.0088% | 8h | 741.97 | +0.016% | $69.8M | $165.1M | 25x | as long as short |
| Lighter QQQlong | +0.0096% | 1h | 741.85 | long leg | $7.8M | $21.7M | 30x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.46 | −0.053% | $3.4M | $449K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.45 | −0.054% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.089% | $7K | $15K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.30 | −0.075% | $92K | $1K | 10x | as long as short |
| Lighter RH QQQ | +0.0112% | 1h | 742.20 | +0.047% | $37.8M | $83.2M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0128% | 1h | 741.82 | −0.004% | $424K | $304K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0180% | 8h | 742.06 | +0.029% | $316K | $1.7M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0212% | 1h | 742.11 | +0.034% | $5.4M | $9.3M | 25x | as long as short |
| Bitget QQQUSDT | +0.0227% | 8h | 741.91 | +0.008% | $16.7M | $7.8M | 20x | as long as short |
| Nado QQQ-PERP | +0.0244% | 1h | 741.41 | −0.059% | $1.5M | $1.3M | 20x | as long as short |
| edgeX QQQUSDC | +0.0489% | 4h | 741.96 | +0.015% | $759K | $335K | 20x | as long as short |
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Phoenix QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Bitget QQQUSDT
Nado QQQ-PERP
edgeX QQQUSDC