Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h −0.011%
Price spread now: Variational Omni against Lighter+0.015%7-day average +0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.028%−$3 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now +0.015%, 7d avg +0.075%
=Together, before fees+0.067%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$7 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: Variational Omni is 0.060% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 743.72 | 0.0032 | pay 0.0004% / 1h | 54m 27s | $7.6M | $18.1M | 30x |
| Short | Variational Omni QQQ | 743.83 | 0.0040 | get 0.0040% / 8h | 7h 54m | $17.1M | $10.8M | — |
Lighter QQQ
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $1.58
- Price spread: +0.015% → +0.075%
- −$5.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$4.38
- Costs to cover
- 0.000%
- Break-even
- 26.4 days
Slippage unknown: Lighter: live order book, 14 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
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, 14 min ago | 0.07 bp | 0.7 bp −$1 | 2.7 bp −$27 | 13.5 bp −$1,345 | 47.6 bp −$23.8K |
| Sell Variational Omni RFQ quote, 5 min ago | 1.90 bp | doesn't fit | 2.9 bp −$29 | 12.4 bp −$1,239 | 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 | −0.0350% | 1h | 742.30 | −0.191% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0080% / S +0.0190% | 1h | 743.86 | +0.018% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0028% | 8h | 743.32 | −0.054% | $3.1M | $26.0M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0018% | 8h | 743.81 | +0.012% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.51 | −0.028% | $841K | $757K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.76 | +0.005% | $21.5M | $25.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.28 | +0.075% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.14 | −0.078% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.92 | +0.027% | $362K | $1.4M | 10x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 743.72 | long leg | $7.6M | $18.1M | 30x |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 744.09 | +0.050% | $37.4M | $78.5M | 50x | as long as short |
| Variational Omni QQQshort | +0.0040% | 8h | 743.83 | +0.015% | $17.1M | $10.8M | — | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.99 | −0.098% | $747K | $1.5M | 25x | as long as short |
| Bybit QQQUSDT | +0.0041% | 8h | 744.05 | +0.044% | $10.7M | $4.8M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.49 | +0.104% | — | $388K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.51 | −0.028% | $1.2M | $630K | 20x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 743.94 | +0.029% | $70.9M | $156.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.54 | −0.024% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.44 | −0.038% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.57 | −0.020% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.24 | −0.065% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0107% | 1h | 743.45 | −0.036% | $1.5M | $1.2M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0116% | 8h | 743.95 | +0.031% | $316K | $1.8M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0167% | 1h | 743.69 | −0.004% | $425K | $147K | 20x | as long as short |
| Bitget QQQUSDT | +0.0170% | 8h | 743.95 | +0.031% | $16.9M | $6.6M | 20x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.43 | −0.039% | $38K | $66K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 743.89 | +0.023% | $5.6M | $9.0M | 25x | as long as short |
| edgeX QQQUSDC | +0.0662% | 4h | 743.73 | +0.002% | $760K | $335K | 20x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Bybit QQQUSDT
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC
edgeX QQQUSDC