Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Aster against Lighter RH+0.006%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$100.103% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.006%, 7d avg +0.007%
=Together, before fees−0.135%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, 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 RH QQQ | 739.71 | 0.0032 | pay 0.0004% / 1h | 29m 36s | $37.5M | $79.8M | 50x |
| Short | Aster QQQUSDT | 739.76 | 0 | get 0.0000% / 8h | 7h 29m | $822K | $869K | 20x |
Lighter RH QQQ
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$6.72
- Price spread: +0.006% → +0.007%
- −$0.14
- Slippage, 4 orders
- −$2.3
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$17.15
- Costs to cover
- 0.103%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Aster: live order book, 3 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, 4 min ago | 0.27 bp | 0.3 bp $0 | 1.1 bp −$11 | 11.6 bp −$1,158 | doesn't fit |
| Sell Aster live order book, 3 min ago | 0.88 bp | 4.9 bp −$5 | 6.6 bp −$66 | 27.3 bp −$2,726 | 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 −0.0185% / S +0.0271% | 1h | 739.75 | +0.005% | $25K | — | 26x | as long as short |
| Aster QQQUSDTshort | 0.0000% | 8h | 739.76 | +0.006% | $822K | $869K | 20x | |
| Bybit QQQUSDT | 0.0000% | 8h | 739.73 | +0.003% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 739.46 | −0.034% | $21.5M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 739.53 | −0.024% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.48 | −0.031% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 739.70 | −0.001% | $16.4M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.22 | +0.069% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 740.35 | +0.087% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 739.91 | +0.027% | $362K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | +0.0002% | 8h | 739.81 | +0.014% | $16.7M | $7.2M | — | as long as short |
| BloFin QQQ-USDT | +0.0007% | 8h | 740.02 | +0.042% | $1.1M | $275K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.02 | +0.042% | $1.2M | $495K | 20x | as long as short |
| Binance QQQUSDT | +0.0029% | 8h | 739.72 | +0.002% | $70.0M | $139.9M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 739.37 | −0.046% | $7.6M | $15.3M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 739.71 | long leg | $37.5M | $79.8M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 738.77 | −0.127% | $645K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 740.61 | +0.122% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 738.72 | −0.134% | $4.2M | $1.8M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0088% | 1h | 739.39 | −0.043% | $422K | $136K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.39 | −0.043% | $3.4M | $387K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.57 | −0.019% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 739.55 | −0.022% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.05 | −0.090% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0156% | 1h | 739.27 | −0.060% | $1.6M | $744K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0186% | 8h | 740.44 | +0.099% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.60 | −0.015% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0518% | 4h | 740.06 | +0.048% | $757K | $336K | 20x | as long as short |
Variational Omni QQQ
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC