Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.016%
Price spread now: Lighter against Lighter RH−0.042%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$10.015% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days−0.114%−$11 · spread now −0.042%, 7d avg −0.073%
=Together, before fees−0.145%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.031% dearer against Lighter RH than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 743.72 | 0.0032 | pay 0.0004% / 1h | 15m 32s | $37.5M | $80.5M | 50x |
| Short | Lighter QQQ | 743.41 | 0.0064 | get 0.0008% / 1h | 15m 32s | $7.6M | $20.9M | 30x |
Lighter RH QQQ
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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: −0.042% → −0.073%
- $3.13
- Slippage, 4 orders
- −$1.48
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $8.37
- Costs to cover
- 0.015%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 4 min ago; Lighter: live order book, 3 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, 4 min ago | 0.34 bp | 0.3 bp $0 | 1.0 bp −$10 | 6.5 bp −$652 | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.20 bp | 0.3 bp $0 | 1.3 bp −$13 | 17.6 bp −$1,756 | 59.1 bp −$29.6K |
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 −0.0076% / S +0.0186% | 1h | 743.58 | −0.019% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0038% | 1h | 741.70 | −0.272% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 743.09 | −0.085% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | −0.048% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.40 | −0.043% | $21.6M | $27.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.33 | −0.052% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.01 | +0.039% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.15 | −0.077% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.09 | +0.050% | $362K | $1.4M | 10x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 743.72 | long leg | $37.5M | $80.5M | 50x |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.88 | −0.113% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.06 | +0.046% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.47 | −0.034% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQshort | +0.0064% | 1h | 743.41 | −0.042% | $7.6M | $20.9M | 30x | |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.85 | −0.117% | $1.2M | $865K | 20x | as long as short |
| Binance QQQUSDT | +0.0075% | 8h | 743.54 | −0.025% | $71.1M | $160.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.08 | −0.086% | $3.4M | $415K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.10 | −0.083% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.29 | −0.058% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0101% | 8h | 743.66 | −0.008% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.84 | −0.118% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0172% | 1h | 743.12 | −0.080% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0181% | 8h | 743.57 | −0.020% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 743.70 | −0.003% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.66 | −0.008% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.09 | −0.085% | $38K | $73K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0234% | 1h | 743.40 | −0.043% | $425K | $164K | 20x | as long as short |
| edgeX QQQUSDC | +0.0915% | 4h | 743.51 | −0.028% | $760K | $337K | 20x | as long as short |
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
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC