Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.006%
Price spread now: Binance against Lighter+0.012%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$120.123% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days+0.133%+$13 · spread now +0.012%, 7d avg +0.085%
=Together, before fees+0.011%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.073% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.085%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 743.02 | 0.0032 | pay 0.0004% / 1h | 24m 51s | $7.7M | $15.8M | 30x |
| Short | Binance QQQUSDT | 743.11 | 0 | get 0.0000% / 8h | 3h 24m | $70.5M | $142.0M | 25x |
Lighter QQQ
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$6.72
- Price spread: +0.012% → +0.085%
- −$7.33
- Slippage, 4 orders
- −$2.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.38
- Costs to cover
- 0.123%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Binance: 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, 4 min ago | 0.61 bp | 1.3 bp −$1 | 2.6 bp −$26 | 12.6 bp −$1,263 | 47.8 bp −$23.9K |
| Sell Binance live order book, 3 min ago | 0.07 bp | 5.3 bp −$5 | 5.6 bp −$56 | 10.2 bp −$1,024 | 26.2 bp −$13.1K |
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 −0.0136% / S +0.0233% | 1h | 743.12 | +0.013% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0041% | 1h | 742.08 | −0.127% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.15 | +0.017% | $840K | $857K | 20x | as long as short |
| Binance QQQUSDTshort | 0.0000% | 8h | 743.11 | +0.012% | $70.5M | $142.0M | 25x | |
| Bybit QQQUSDT | 0.0000% | 8h | 743.11 | +0.012% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.90 | −0.016% | $21.5M | $27.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.55 | −0.063% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.33 | +0.042% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.08 | +0.008% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.61 | +0.079% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.79 | −0.031% | $424K | $150K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.051% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.44 | +0.057% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.28 | +0.035% | $361K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.24 | +0.030% | $5.4M | $7.3M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0028% | 8h | 743.11 | +0.012% | $1.1M | $256K | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 743.02 | long leg | $7.7M | $15.8M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 743.40 | +0.051% | $37.0M | $79.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.41 | −0.082% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.10 | +0.145% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0070% | 8h | 743.39 | +0.050% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0078% | 1h | 742.83 | −0.026% | $1.5M | $746K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.91 | −0.015% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.98 | −0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.92 | −0.013% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.33 | −0.093% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.83 | −0.026% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0886% | 4h | 743.23 | +0.029% | $760K | $334K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
BloFin QQQ-USDT
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC