Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.025%
Price spread now: HTX against Lighter+0.054%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.197% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.054%, 7d avg +0.049%
=Together, before fees−0.084%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 743.92 | 0.0032 | pay 0.0004% / 1h | 37m 57s | $7.7M | $17.7M | 30x |
| Short | HTX QQQ-USDT | 744.32 | 0 | get 0.0000% / 8h | 6h 37m | $257K | $29K | 30x |
Lighter QQQ
HTX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.054% → +0.049%
- $0.45
- Slippage, 4 orders
- −$7.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$25.95
- Costs to cover
- 0.197%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; HTX: live order book, 29 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 | 0.54 bp | 1.2 bp −$1 | 2.5 bp −$25 | 13.8 bp −$1,381 | 48.3 bp −$24.1K |
| Sell HTX live order book, 29 min ago | 2.68 bp | 8.7 bp −$9 | 15.4 bp −$154 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0172% | 1h | 743.00 | −0.124% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0096% / S +0.0202% | 1h | 744.12 | +0.026% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.07 | +0.020% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.94 | +0.003% | $21.5M | $25.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.86 | −0.008% | $3.2M | $21.5M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.57 | +0.087% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDTshort | 0.0000% | 8h | 744.32 | +0.054% | $257K | $29K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 744.38 | +0.062% | $359K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0011% | 8h | 744.15 | +0.030% | $841K | $712K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0026% | 8h | 744.31 | +0.052% | $1.1M | $319K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQlong | +0.0032% | 1h | 743.92 | long leg | $7.7M | $17.7M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.34 | +0.056% | $37.4M | $79.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.18 | −0.099% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.08 | +0.156% | — | $356K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.05 | +0.017% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0065% | 8h | 744.04 | +0.016% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDT | +0.0078% | 8h | 744.15 | +0.031% | $16.9M | $5.9M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0086% | 1h | 743.91 | −0.001% | $425K | $148K | 20x | as long as short |
| Binance QQQUSDT | +0.0088% | 8h | 744.17 | +0.034% | $71.1M | $147.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.89 | −0.004% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.76 | −0.022% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.87 | −0.007% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.34 | −0.077% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 743.74 | −0.025% | $1.5M | $1.0M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.10 | +0.024% | $5.4M | $8.2M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.78 | −0.019% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0241% | 8h | 744.31 | +0.053% | $318K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0480% | 4h | 744.13 | +0.028% | $761K | $333K | 20x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Bitget QQQUSDT
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC