Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.018%
Price spread now: ApeX Omni against Lighter RH−0.004%78s7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days−0.116%−$12 · spread now −0.004%, 7d avg −0.052%
=Together, before fees−0.025%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.048% dearer against Lighter RH than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.052%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 743.06 | 0.0032 | pay 0.0004% / 1h | 46m 00s | $38.6M | $76.8M | 50x |
| Short | ApeX Omni QQQUSDT | 743.03 | 0.0100 | get 0.0013% / 1h | 46m 00s | $20K | $2.2M | 50x |
Lighter RH QQQ
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter RH. 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
- $14.28
- Price spread: −0.004% → −0.052%
- $4.84
- Slippage, 4 orders
- −$11.17
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$2.05
- Costs to cover
- 0.212%
- Break-even
- 8.0 days
Slippage from Lighter RH: live order book, 6 min ago; ApeX Omni: live order book, 6 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 RH live order book, 6 min ago | 0.27 bp | 1.0 bp −$1 | 1.5 bp −$15 | 12.5 bp −$1,253 | doesn't fit |
| Sell ApeX Omni live order book, 6 min ago | 3.70 bp | 9.7 bp −$10 | 22.9 bp −$229 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.15 | +0.013% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0114% | 1h | 742.19 | −0.117% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0022% | 8h | 743.08 | +0.003% | $1.1M | $237K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.08 | +0.003% | $856K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.63 | −0.058% | $21.7M | $30.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.00 | −0.008% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.60 | −0.062% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.03 | −0.004% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.67 | +0.082% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.63 | −0.058% | $398K | $123K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 743.33 | +0.036% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.42 | +0.048% | $363K | $1.6M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.37 | −0.093% | $7.3M | $15.5M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 743.06 | long leg | $38.6M | $76.8M | 50x | |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.87 | −0.026% | $1.2M | $541K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.06 | −0.135% | $659K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.00 | +0.127% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0048% | 8h | 743.46 | +0.053% | $16.8M | $6.9M | — | as long as short |
| Bybit QQQUSDT | +0.0068% | 8h | 743.00 | −0.008% | $10.5M | $4.8M | 50x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 742.94 | −0.016% | $71.6M | $146.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.56 | −0.067% | $3.4M | $467K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 743.03 | −0.004% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.86 | −0.027% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.35 | −0.096% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0131% | 1h | 742.72 | −0.046% | $1.6M | $770K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0250% | 8h | 743.76 | +0.094% | $321K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 743.26 | +0.027% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0589% | 4h | 743.40 | +0.045% | $760K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC