Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.008%
Price spread now: Lighter RH against OKX+0.044%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$120.118% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now +0.044%, 7d avg −0.010%
=Together, before fees+0.102%+ Points / potential airdropLighter RH: Points live · farm board+$10 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 RH is 0.054% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX QQQ-USDT-SWAP | 743.20 | 0 | get 0.0000% / 8h | 40m 53s | $21.6M | $27.8M | 50x |
| Short | Lighter RH QQQ | 743.53 | 0.0048 | get 0.0006% / 1h | 40m 53s | $37.6M | $79.2M | 50x |
OKX QQQ-USDT-SWAP
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against OKX. 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
- $10.08
- Price spread: +0.044% → −0.010%
- $5.44
- Slippage, 4 orders
- −$1.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $3.71
- Costs to cover
- 0.118%
- Break-even
- 4.4 days
Slippage from OKX: live order book, 3 min ago; Lighter RH: 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 OKX live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 5.4 bp −$54 | 11.5 bp −$1,154 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.13 bp | 0.4 bp $0 | 1.1 bp −$11 | 5.8 bp −$578 | 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 −0.0071% / S +0.0182% | 1h | 743.39 | +0.026% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0023% | 8h | 743.09 | −0.015% | $1.0M | $469K | 20x | as long as short |
| OKX QQQ-USDT-SWAPlong | 0.0000% | 8h | 743.20 | long leg | $21.6M | $27.8M | 50x | |
| Gate QQQ_USDT | 0.0000% | 8h | 742.82 | −0.051% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.80 | +0.081% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.15 | −0.007% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.96 | +0.102% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0001% | 8h | 743.33 | +0.017% | $841K | $783K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.65 | −0.074% | $738K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.82 | +0.083% | — | $621K | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQshort | +0.0048% | 1h | 743.53 | +0.044% | $37.6M | $79.2M | 50x | |
| Variational Omni QQQ | +0.0049% | 8h | 743.31 | +0.015% | $17.6M | $10.3M | — | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.20 | −0.135% | $4.2M | $2.1M | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.80 | −0.054% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDT | +0.0080% | 8h | 743.36 | +0.022% | $71.0M | $160.6M | 25x | as long as short |
| Lighter QQQ | +0.0080% | 1h | 743.21 | +0.001% | $7.6M | $20.9M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.93 | −0.036% | $3.4M | $423K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.92 | −0.038% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.10 | −0.013% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0100% | 8h | 743.44 | +0.032% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.63 | −0.076% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 743.07 | −0.017% | $424K | $173K | 20x | as long as short |
| Nado QQQ-PERP | +0.0180% | 1h | 742.75 | −0.060% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0192% | 8h | 743.56 | +0.049% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.49 | +0.039% | $5.4M | $8.9M | 25x | as long as short |
| Bitget QQQUSDT | +0.0193% | 8h | 743.39 | +0.026% | $16.9M | $7.1M | 20x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.04 | −0.022% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0269% | 4h | 743.44 | +0.033% | $760K | $338K | 20x | as long as short |
Variational Omni QQQ
Ondo Perps QQQ-USD.P
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Bitget QQQUSDT
Phoenix QQQ
edgeX QQQUSDC