Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.031%
Price spread now: Gate against Lighter−0.027%7-day average +0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 7 days+0.168%+$17 · spread now −0.027%, 7d avg +0.074%
=Together, before fees+0.069%+ Points / potential airdropLighter: Season 3 · farm board+$7 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 Gate is 0.101% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 741.88 | 0.0096 | pay 0.0012% / 1h | 8m 37s | $7.8M | $21.7M | 30x |
| Short | Gate QQQ_USDT | 741.68 | 0 | get 0.0000% / 8h | 2h 08m | $3.1M | $33.3M | 50x |
Lighter QQQ
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$20.16
- Price spread: −0.027% → +0.074%
- −$10.09
- Slippage, 4 orders
- −$12.35
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$57.6
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 10 min ago; Gate: 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, 10 min ago | 0.67 bp | 0.7 bp −$1 | 3.0 bp −$30 | 18.0 bp −$1,798 | 56.0 bp −$28.0K |
| Sell Gate live order book, 5 min ago | 0.07 bp | 14.6 bp −$15 | 19.1 bp −$191 | 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 −0.0060% / S +0.0174% | 1h | 741.98 | +0.013% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0012% | 8h | 741.77 | −0.015% | $1.0M | $509K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.77 | −0.015% | $21.3M | $28.1M | 50x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 741.68 | −0.027% | $3.1M | $33.3M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 742.40 | +0.070% | $1K | $2.4M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.040% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.20 | +0.043% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0006% | 8h | 741.87 | −0.001% | $840K | $780K | 20x | as long as short |
| Arcus QQQ-USD | +0.0025% | 1h | 741.20 | −0.092% | $735K | $1.5M | 25x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0030% | 1h | 740.96 | −0.124% | $4.2M | $2.2M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster 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 | +0.071% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0058% | 8h | 741.96 | +0.011% | $17.2M | $10.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.44 | −0.059% | $1.2M | $894K | 20x | as long as short |
| Bybit QQQUSDT | +0.0073% | 8h | 742.08 | +0.027% | $10.7M | $5.4M | 50x | as long as short |
| Phoenix QQQ | +0.0076% | 1h | 741.46 | −0.057% | $38K | $73K | 20x | as long as short |
| Binance QQQUSDT | +0.0088% | 8h | 741.98 | +0.013% | $69.8M | $165.0M | 25x | as long as short |
| Lighter QQQlong | +0.0096% | 1h | 741.88 | long leg | $7.8M | $21.7M | 30x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.48 | −0.054% | $3.4M | $449K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.45 | −0.058% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.093% | $7K | $15K | 20x | as long as short |
| Lighter RH QQQ | +0.0104% | 1h | 742.22 | +0.046% | $37.8M | $83.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.30 | −0.079% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0128% | 1h | 741.82 | −0.008% | $424K | $304K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0180% | 8h | 742.06 | +0.025% | $316K | $1.7M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0212% | 1h | 742.13 | +0.033% | $5.4M | $9.3M | 25x | as long as short |
| Bitget QQQUSDT | +0.0227% | 8h | 741.91 | +0.004% | $16.7M | $7.8M | 20x | as long as short |
| Nado QQQ-PERP | +0.0244% | 1h | 741.41 | −0.063% | $1.5M | $1.3M | 20x | as long as short |
| edgeX QQQUSDC | +0.0489% | 4h | 741.96 | +0.011% | $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
Lighter RH QQQ
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Bitget QQQUSDT
Nado QQQ-PERP
edgeX QQQUSDC