Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: Gate against Lighter RH−0.082%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$170.168% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.082%, 7d avg −0.002%
=Together, before fees−0.067%+ Points / potential airdropLighter RH: Points live · farm board−$7 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 Gate is 0.080% cheaper against Lighter RH than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 745.04 | 0.0032 | pay 0.0004% / 1h | 28m 22s | $37.4M | $80.0M | 50x |
| Short | Gate QQQ_USDT | 744.43 | 0 | get 0.0000% / 8h | 7h 28m | $3.2M | $27.6M | 50x |
Lighter RH QQQ
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.082% → −0.002%
- −$8.03
- Slippage, 4 orders
- −$1.82
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$31.57
- Costs to cover
- 0.168%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; Gate: live order book, 5 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 | 0.20 bp | 0.6 bp −$1 | 1.4 bp −$14 | 6.9 bp −$691 | doesn't fit |
| Sell Gate live order book, 5 min ago | 0.07 bp | 7.6 bp −$8 | 13.4 bp −$134 | 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 | −0.0361% | 1h | 743.30 | −0.234% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0086% / S +0.0194% | 1h | 744.96 | −0.011% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.30 | −0.099% | $841K | $716K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.72 | −0.043% | $21.6M | $25.1M | 50x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 744.43 | −0.082% | $3.2M | $27.6M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 745.41 | +0.050% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.45 | −0.079% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.91 | −0.017% | $360K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0002% | 8h | 745.02 | −0.003% | $10.7M | $4.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 744.67 | −0.050% | $425K | $147K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0028% | 8h | 744.05 | −0.133% | $1.1M | $318K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.63 | −0.055% | $7.7M | $18.3M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 745.04 | long leg | $37.4M | $80.0M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.72 | −0.177% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.39 | +0.047% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 744.24 | −0.107% | $17.1M | $9.7M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.176% | $1.2M | $547K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 744.92 | −0.015% | $71.2M | $151.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.42 | −0.083% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.74 | −0.174% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.53 | −0.068% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0103% | 1h | 744.39 | −0.087% | $1.5M | $1.3M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.10 | −0.126% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0174% | 8h | 744.96 | −0.011% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.88 | −0.022% | $5.4M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | −0.136% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0263% | 8h | 744.41 | −0.085% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0471% | 4h | 744.23 | −0.108% | $761K | $337K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC