Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.011%
Price spread now: Coinbase International against Lighter−0.118%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$140.143% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 4 days (all we have)+0.323%+$32 · spread now −0.118%, 7d avg −0.037%
=Together, before fees+0.465%+ Points / potential airdropLighter: Season 3 · farm board+$47 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: Coinbase International is 0.080% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 740.01 | 0.0032 | pay 0.0004% / 1h | 21m 50s | $7.6M | $15.5M | 30x |
| Short | Coinbase International QQQ-PERP-INTX | 739.14 | 0.0024 | get 0.0003% / 1h | 21m 50s | $1.2M | $497K | 20x |
Lighter QQQ
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$1.68
- Price spread: −0.118% → −0.037%
- −$8.05
- Slippage, 4 orders
- −$4.28
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$24.01
- Costs to cover
- 0.143%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 2 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 | 0.34 bp | 1.3 bp −$1 | 3.1 bp −$31 | 14.4 bp −$1,438 | 52.4 bp −$26.2K |
| Sell Coinbase International live order book, 2 min ago | 0.74 bp | 6.2 bp −$6 | 7.8 bp −$78 | 41.9 bp −$4,194 | 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 −0.0187% / S +0.0272% | 1h | 739.95 | −0.009% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 739.59 | −0.057% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 739.61 | −0.053% | $820K | $903K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.37 | +0.049% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.01 | 0.000% | $21.8M | $29.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.04 | +0.004% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.67 | −0.046% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.30 | +0.039% | $16.5M | $5.1M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 739.24 | −0.104% | $16.7M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.75 | +0.100% | $2K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 739.87 | −0.019% | $423K | $128K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 739.76 | −0.034% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.40 | +0.053% | $364K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0024% | 1h | 739.14 | −0.118% | $1.2M | $497K | 20x | |
| Binance QQQUSDT | +0.0029% | 8h | 740.28 | +0.036% | $70.3M | $141.0M | 25x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 740.01 | long leg | $7.6M | $15.5M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 740.42 | +0.055% | $37.6M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.39 | −0.084% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.19 | +0.159% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 738.51 | −0.203% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.75 | −0.035% | $3.4M | $391K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.17 | −0.114% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.82 | −0.026% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.47 | −0.072% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0114% | 8h | 739.63 | −0.051% | $314K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0151% | 1h | 739.66 | −0.047% | $1.6M | $745K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.00 | −0.136% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0597% | 4h | 739.30 | −0.096% | $756K | $335K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC