Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter RH against Lighter+0.044%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$40.036% of the position

Long on Lighter Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.123%+$12 · spread now +0.044%, 7d avg +0.069%

Together, before fees+0.153%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$15 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: Lighter RH is 0.024% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter QQQ	741.70	0.0032	pay 0.0004% / 1h	14m 29s	$7.7M	$15.5M	30x
Short	Lighter RH QQQ	742.03	0.0032	get 0.0004% / 1h	14m 29s	$37.1M	$81.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Lighter RHbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.069%: −$2.42
Slippage, 4 orders: −$3.63
Fee Lighter: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.04
Costs to cover: 0.036%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Lighter RH: 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, 4 min ago	0.61 bp	0.7 bp −$1	1.8 bp −$18	12.9 bp −$1,292	49.0 bp −$24.5K
Sell Lighter RH live order book, 5 min ago	0.47 bp	0.9 bp −$1	1.4 bp −$14	10.0 bp −$995	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 −0.0163% / S +0.0254%	1h	741.88	+0.024%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0040%	8h	741.36	−0.046%	$3.4M	$21.6M	50x	as long as short
BloFin QQQ-USDT	−0.0021%	8h	741.78	+0.011%	$1.1M	$271K	20x	as long as short
Ondo Perps QQQ-USD.P	−0.0009%	1h	741.10	−0.081%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.86	+0.021%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.80	+0.013%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.59	−0.015%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.61	−0.012%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.93	+0.031%	$16.5M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.86	+0.021%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.67	+0.131%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.09	+0.053%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.07	+0.050%	$361K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0004%	8h	741.88	+0.024%	$70.0M	$144.4M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.35	−0.047%	$1.2M	$492K	20x	as long as short
Lighter QQQlong	+0.0032%	1h	741.70	long leg	$7.7M	$15.5M	30x
Lighter RH QQQshort	+0.0032%	1h	742.03	+0.044%	$37.1M	$81.2M	50x
Arcus QQQ-USD	+0.0040%	1h	741.15	−0.074%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.83	+0.152%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.53	−0.023%	$3.4M	$354K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.75	+0.007%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.54	−0.022%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.12	−0.079%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0119%	8h	742.25	+0.074%	$322K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0124%	1h	741.50	−0.027%	$1.6M	$769K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.63	−0.009%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0209%	1h	741.64	−0.008%	$424K	$155K	20x	as long as short
edgeX QQQUSDC	+0.0566%	4h	742.09	+0.053%	$759K	$336K	20x	as long as short