Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.002%
Price spread now: Bybit against Lighter RH−0.040%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$140.140% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.040%, 7d avg +0.023%
=Together, before fees−0.078%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.063% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 742.16 | 0.0032 | pay 0.0004% / 1h | 1m 56s | $37.1M | $81.4M | 50x |
| Short | Bybit QQQUSDT | 741.86 | 0 | get 0.0000% / 8h | 1h 01m | $10.5M | $5.2M | 50x |
Lighter RH QQQ
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.040% → +0.023%
- −$6.32
- Slippage, 4 orders
- −$3.02
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.06
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Bybit: live order book, 1 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, 2 min ago | 0.14 bp | 0.1 bp $0 | 0.8 bp −$8 | 9.7 bp −$966 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.07 bp | 7.1 bp −$7 | 8.4 bp −$84 | 61.0 bp −$6,100 | 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 −0.0166% / S +0.0256% | 1h | 742.10 | −0.009% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0059% | 8h | 741.37 | −0.106% | $3.4M | $21.6M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0024% | 1h | 740.51 | −0.222% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.95 | −0.028% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDTshort | 0.0000% | 8h | 741.86 | −0.040% | $10.5M | $5.2M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.83 | −0.044% | $21.4M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.76 | −0.054% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.12 | −0.005% | $16.6M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.89 | −0.037% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.84 | +0.092% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.73 | −0.058% | $424K | $155K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.003% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.37 | +0.028% | $362K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 741.99 | −0.023% | $70.0M | $143.9M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0014% | 8h | 741.63 | −0.071% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.37 | −0.106% | $1.2M | $489K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.82 | −0.046% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 742.16 | long leg | $37.1M | $81.4M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.10 | −0.143% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.96 | +0.108% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.53 | −0.085% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.40 | −0.102% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.75 | −0.055% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.29 | −0.117% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0118% | 1h | 741.55 | −0.082% | $1.6M | $764K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0119% | 8h | 742.00 | −0.021% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.67 | −0.066% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0298% | 4h | 741.83 | −0.044% | $758K | $336K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC