Funding you earn now, next payment 00:00 UTC−0.0108%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.018%
Price spread now: Lighter against Nado+0.042%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$110.111% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 7 days−0.141%−$14 · spread now +0.042%, 7d avg −0.060%
=Together, before fees−0.121%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.102% dearer against Nado than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.060%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 743.15 | 0.0172 | pay 0.0022% / 1h | 16m 50s | $1.5M | $1.3M | 20x |
| Short | Lighter QQQ | 743.46 | 0.0064 | get 0.0008% / 1h | 16m 50s | $7.6M | $20.9M | 30x |
Nado QQQ-PERP
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- −$22.77
- Price spread: +0.042% → −0.060%
- $10.19
- Slippage, 4 orders
- −$4.12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$23.7
- Costs to cover
- 0.111%
- Break-even
- never at this rate
Slippage from Nado: live order book, 2 min ago; Lighter: live order book, 7 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 Nado live order book, 2 min ago | 0.07 bp | 5.4 bp −$5 | 8.4 bp −$84 | 52.3 bp −$5,232 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.47 bp | 0.5 bp $0 | 1.5 bp −$15 | 21.9 bp −$2,190 | 62.4 bp −$31.2K |
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 | 743.62 | +0.062% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0026% | 1h | 742.12 | −0.139% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 743.09 | −0.008% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | +0.028% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.44 | +0.039% | $21.6M | $27.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.32 | +0.023% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.05 | +0.121% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.15 | 0.000% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.94 | +0.106% | $362K | $1.4M | 10x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.77 | +0.083% | $37.5M | $80.5M | 50x | as long as short |
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 QQQUSDT
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.83 | −0.043% | $694K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.07 | +0.124% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.32 | +0.023% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQshort | +0.0064% | 1h | 743.46 | +0.042% | $7.6M | $20.9M | 30x | |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.85 | −0.041% | $1.2M | $865K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.57 | +0.056% | $71.1M | $160.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.11 | −0.006% | $3.4M | $415K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.07 | −0.011% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.29 | +0.019% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0101% | 8h | 743.63 | +0.064% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.89 | −0.036% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0172% | 1h | 743.15 | long leg | $1.5M | $1.3M | 20x | |
| Bitget QQQUSDT | +0.0182% | 8h | 743.63 | +0.064% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 743.65 | +0.067% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.73 | +0.078% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.09 | −0.008% | $38K | $73K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0208% | 1h | 743.41 | +0.035% | $425K | $164K | 20x | as long as short |
| edgeX QQQUSDC | +0.0658% | 4h | 743.31 | +0.022% | $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
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC