Funding you earn now, next payment 06:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%
Price spread now: Lighter RH against Nado+0.076%7-day average +0.013% · 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−$5as in the Price arb table
costs, in and out, $10k−$110.112% of the position
Funding, last 3 days (all we have)−0.003%$0 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.076%, 7d avg +0.013%
=Together, before fees−0.013%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.063% dearer against Nado than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.013%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 3 days (−0.003% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 742.20 | 0.0121 | pay 0.0015% / 1h | 47m 02s | $1.5M | $761K | 20x |
| Short | Lighter RH QQQ | 742.77 | 0.0032 | get 0.0004% / 1h | 47m 02s | $36.9M | $78.3M | 50x |
Nado QQQ-PERP
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$18.74
- Price spread: +0.076% → +0.013%
- $6.31
- Slippage, 4 orders
- −$4.24
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$23.67
- Costs to cover
- 0.112%
- Break-even
- never at this rate
Slippage from Nado: live order book, 2 min ago; Lighter RH: 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 | 5.3 bp −$5 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 7 min ago | 0.14 bp | 0.5 bp $0 | 1.1 bp −$11 | 7.3 bp −$731 | 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 −0.0144% / S +0.0239% | 1h | 742.57 | +0.049% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0005% | 1h | 741.73 | −0.064% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.53 | +0.045% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.56 | +0.048% | $69.8M | $143.0M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.69 | +0.066% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.27 | +0.009% | $21.6M | $27.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.58 | +0.051% | $5.4M | $7.2M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.92 | −0.038% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.69 | +0.066% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.62 | +0.056% | $17.1M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.09 | +0.120% | $2K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.31 | +0.015% | $424K | $151K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.10 | −0.014% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | +0.087% | $252K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.83 | +0.085% | $359K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0001% | 8h | 742.26 | +0.008% | $1.1M | $246K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.42 | +0.029% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 742.77 | +0.076% | $36.9M | $78.3M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.73 | −0.064% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.52 | +0.178% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0077% | 8h | 742.85 | +0.087% | $319K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.25 | +0.006% | $3.4M | $349K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.32 | +0.016% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.28 | +0.010% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.77 | −0.058% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0121% | 1h | 742.20 | long leg | $1.5M | $761K | 20x | |
| Phoenix QQQ | +0.0129% | 1h | 742.17 | −0.004% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0971% | 4h | 742.47 | +0.036% | $759K | $336K | 20x | as long as short |
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC