Funding you earn now, next payment 10:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h −0.004%
Price spread now: Bybit against Lighter+0.055%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$180.176% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 7 days+0.078%+$8 · spread now +0.055%, 7d avg +0.090%
=Together, before fees+0.026%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.035% cheaper against Lighter than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.090%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 741.72 | 0.0032 | pay 0.0004% / 1h | 58m 04s | $7.7M | $14.7M | 30x |
| Short | Bybit QQQUSDT | 742.13 | 0.0083 | get 0.0083% / 8h | 6h 58m | $10.7M | $5.0M | 50x |
Lighter QQQ
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $10.71
- Price spread: +0.055% → +0.090%
- −$3.51
- Slippage, 4 orders
- −$6.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$10.37
- Costs to cover
- 0.176%
- Break-even
- 13.8 days
Slippage from Lighter: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago | 0.34 bp | 0.8 bp −$1 | 1.5 bp −$15 | 12.7 bp −$1,268 | 48.3 bp −$24.2K |
| Sell Bybit live order book, 5 min ago | 0.07 bp | 7.4 bp −$7 | 11.2 bp −$112 | 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 −0.0191% / S +0.0276% | 1h | 742.04 | +0.044% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0027% | 1h | 740.71 | −0.136% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0010% | 8h | 741.87 | +0.020% | $1.1M | $280K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.01 | +0.039% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.82 | +0.013% | $21.6M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.96 | +0.032% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.60 | −0.016% | $3.4M | $19.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.13 | +0.055% | $16.5M | $5.2M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.58 | +0.116% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.27 | +0.074% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.33 | +0.082% | $360K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0027% | 8h | 741.87 | +0.020% | $16.7M | $7.2M | — | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 741.72 | long leg | $7.7M | $14.7M | 30x | |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.51 | −0.028% | $1.2M | $509K | 20x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 742.07 | +0.047% | $38.3M | $76.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.22 | −0.067% | $647K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.95 | +0.166% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0054% | 8h | 742.01 | +0.039% | $70.9M | $141.8M | 25x | as long as short |
| Bybit QQQUSDTshort | +0.0083% | 8h | 742.13 | +0.055% | $10.7M | $5.0M | 50x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.61 | −0.015% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.48 | −0.032% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.85 | +0.018% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.25 | −0.064% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0156% | 1h | 741.56 | −0.022% | $1.6M | $754K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0222% | 1h | 741.70 | −0.003% | $424K | $125K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 741.51 | −0.028% | $38K | $59K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0282% | 8h | 742.11 | +0.053% | $315K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0476% | 4h | 741.96 | +0.033% | $759K | $337K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC