Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.003%
Price spread now: Coinbase International against Lighter RH−0.089%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.089%, 7d avg −0.040%
=Together, before fees+0.261%+ Points / potential airdropLighter RH: Points live · farm board+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.049% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.040%). If the spread goes back, that is −$5 on $10k: about 5.1 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 744.17 | 0.0032 | pay 0.0004% / 1h | 51m 21s | $37.4M | $78.7M | 50x |
| Short | Coinbase International QQQ-PERP-INTX | 743.51 | 0.0064 | get 0.0008% / 1h | 51m 21s | $1.2M | $624K | 20x |
Lighter RH QQQ
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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: −0.089% → −0.040%
- −$4.91
- Slippage, 4 orders
- −$3.71
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$11.9
- Costs to cover
- 0.137%
- Break-even
- 19.4 days
Slippage from Lighter RH: live order book, 3 min ago; Coinbase International: live order book, 2 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, 3 min ago | 0.13 bp | 0.1 bp $0 | 1.1 bp −$11 | 8.1 bp −$811 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 0.07 bp | 7.7 bp −$8 | 8.8 bp −$88 | doesn't fit | 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 | −0.0362% | 1h | 742.38 | −0.241% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0081% / S +0.0190% | 1h | 744.05 | −0.015% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0022% | 8h | 743.81 | −0.048% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.63 | −0.073% | $841K | $757K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.84 | −0.044% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.68 | −0.066% | $3.2M | $26.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.48 | +0.042% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.14 | −0.138% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.20 | +0.004% | $362K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0022% | 8h | 744.08 | −0.012% | $10.7M | $4.9M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.90 | −0.036% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 744.17 | long leg | $37.4M | $78.7M | 50x | |
| Variational Omni QQQ | +0.0039% | 8h | 743.94 | −0.031% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.12 | −0.141% | $746K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.57 | +0.054% | — | $388K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0064% | 1h | 743.51 | −0.089% | $1.2M | $624K | 20x | |
| Binance QQQUSDT | +0.0068% | 8h | 744.02 | −0.020% | $71.0M | $155.1M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.66 | −0.069% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.50 | −0.090% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.73 | −0.059% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.35 | −0.110% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0112% | 1h | 743.63 | −0.073% | $1.5M | $1.2M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0165% | 8h | 744.03 | −0.018% | $327K | $1.8M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0167% | 1h | 743.91 | −0.035% | $425K | $147K | 20x | as long as short |
| Bitget QQQUSDT | +0.0172% | 8h | 744.05 | −0.016% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.03 | −0.019% | $5.5M | $9.1M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.65 | −0.070% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0496% | 4h | 743.85 | −0.043% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
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
RISEx QQQ/USDC
Phoenix QQQ
edgeX QQQUSDC