Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.015%
Price spread now: Deribit against Lighter RH−0.074%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$130.127% of the position
Funding, last 5 days (all we have)+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.074%, 7d avg −0.035%
=Together, before fees+0.104%+ 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 −$1 a day on $10k at the current rate, and Deribit is 0.040% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.035%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 742.43 | 0.0032 | pay 0.0004% / 1h | 46m 45s | $37.7M | $81.1M | 50x |
| Short | Deribit QQQ_USDC-PERPETUAL | 741.88 | 0 | get 0.0000% / 1h | 46m 45s | $424K | $305K | 20x |
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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: −0.074% → −0.035%
- −$3.95
- Slippage, 4 orders
- −$5.73
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.41
- Costs to cover
- 0.127%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Deribit: live order book, 37 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 | 0.6 bp −$6 | 5.5 bp −$552 | doesn't fit |
| Sell Deribit live order book, 37 min ago | 0.07 bp | 8.9 bp −$9 | 10.5 bp −$105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0066% / S +0.0178% | 1h | 742.22 | −0.029% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0023% | 1h | 741.25 | −0.159% | $4.2M | $2.2M | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.03 | −0.054% | $21.5M | $28.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.92 | −0.069% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.66 | +0.031% | $2K | $2.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | 0.0000% | 1h | 741.88 | −0.074% | $424K | $305K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 742.43 | 0.000% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.63 | +0.027% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0006% | 8h | 741.93 | −0.067% | $840K | $780K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0006% | 8h | 742.00 | −0.058% | $1.0M | $483K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 742.09 | −0.046% | $7.8M | $21.5M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 742.43 | long leg | $37.7M | $81.1M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.46 | −0.131% | $737K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.80 | +0.050% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0064% | 8h | 742.23 | −0.027% | $17.2M | $10.1M | — | as long as short |
| Binance QQQUSDT | +0.0086% | 8h | 742.16 | −0.036% | $69.6M | $163.0M | 25x | as long as short |
| Bybit QQQUSDT | +0.0086% | 8h | 742.32 | −0.015% | $10.7M | $5.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 741.68 | −0.101% | $1.2M | $873K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.82 | −0.082% | $3.4M | $440K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.96 | −0.063% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.167% | $7K | $16K | 20x | as long as short |
| edgeX QQQUSDC | +0.0103% | 4h | 742.22 | −0.028% | $759K | $336K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.61 | −0.111% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0166% | 1h | 741.79 | −0.087% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0187% | 8h | 742.41 | −0.003% | $323K | $1.7M | 10x | as long as short |
| Bitget QQQUSDT | +0.0220% | 8h | 742.23 | −0.027% | $16.7M | $7.3M | 20x | as long as short |
| Phoenix QQQ | +0.0259% | 1h | 741.88 | −0.074% | $38K | $73K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.43 | 0.000% | $5.4M | $9.3M | 25x | as long as short |
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
Bybit QQQUSDT
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
edgeX QQQUSDC
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC