Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.015%
Price spread now: BloFin against Lighter RH−0.055%91s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$140.139% of the position
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.055%, 7d avg +0.012%
=Together, before fees−0.096%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.067% cheaper against Lighter RH than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.012%). Swap the legs. The two prices were read 91 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 | 744.57 | 0.0048 | pay 0.0006% / 1h | 13m 24s | $37.0M | $79.6M | 50x |
| Short | BloFin QQQ-USDT | 744.16 | −0.0006 | pay 0.0006% / 8h | 4h 13m | $1.1M | $261K | 20x |
Lighter RH QQQ
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.3
- Price spread: −0.055% → +0.012%
- −$6.74
- Slippage, 4 orders
- −$1.93
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$31.97
- Costs to cover
- 0.139%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; BloFin: live order book, 4 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 | 0.07 bp | 0.1 bp $0 | 0.1 bp −$1 | 5.5 bp −$553 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.07 bp | 6.1 bp −$6 | 7.0 bp −$70 | 11.0 bp −$1,098 | 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 | −0.0140% | 1h | 743.30 | −0.171% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0126% / S +0.0225% | 1h | 744.28 | −0.038% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDTshort | −0.0006% | 8h | 744.16 | −0.055% | $1.1M | $261K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 744.24 | −0.044% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.28 | −0.039% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.17 | −0.054% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.35 | −0.029% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.78 | −0.106% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.44 | −0.017% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.30 | −0.036% | $17.1M | $7.4M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 744.75 | +0.024% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.011% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.55 | −0.003% | $362K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.103% | $1.2M | $536K | 20x | as long as short |
| Binance QQQUSDT | +0.0026% | 8h | 744.28 | −0.039% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.12 | −0.060% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.67 | −0.121% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.24 | +0.090% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0046% | 1h | 744.03 | −0.073% | $425K | $150K | 20x | as long as short |
| Lighter RH QQQlong | +0.0048% | 1h | 744.57 | long leg | $37.0M | $79.6M | 50x | |
| GRVT QQQ_USDT_Perp | +0.0092% | 8h | 744.39 | −0.024% | $324K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0093% | 1h | 743.92 | −0.087% | $1.5M | $840K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.99 | −0.078% | $3.4M | $362K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.90 | −0.090% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.99 | −0.078% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.45 | −0.151% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.94 | −0.085% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0627% | 4h | 744.18 | −0.052% | $761K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC