Funding you earn now, next payment 07:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.051%
Price spread now: Lighter against Ondo Perps+0.151%55s7-day average +0.124% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.325%+$32 on $10k
+Price spread, last 7 days−0.103%−$10 · spread now +0.151%, 7d avg +0.124%
=Together, before fees+0.222%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$22 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 0.027% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.124%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 740.66 | 0.0002 | pay 0.0000% / 1h | 26m 44s | $4.2M | $1.8M | 20x |
| Short | Lighter QQQ | 741.78 | 0.0032 | get 0.0004% / 1h | 26m 44s | $7.7M | $15.5M | 30x |
Ondo Perps QQQ-USD.P
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- $6.38
- Price spread: +0.151% → +0.124%
- $2.68
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.06
- Costs to cover
- 0.050%
- Break-even
- 2.5 days
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 12 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 12 min ago | 0.88 bp | 0.9 bp −$1 | 2.5 bp −$25 | 17.5 bp −$1,747 | 55.9 bp −$28.0K |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 −0.0161% / S +0.0252% | 1h | 742.09 | +0.192% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0024% | 8h | 741.34 | +0.092% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.93 | +0.172% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.93 | +0.171% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.78 | +0.151% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.82 | +0.157% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.07 | +0.190% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.69 | +0.138% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.92 | +0.305% | $1K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.14 | +0.200% | $251K | $41K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.34 | +0.227% | $366K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.Plong | +0.0002% | 1h | 740.66 | long leg | $4.2M | $1.8M | 20x | |
| Binance QQQUSDT | +0.0003% | 8h | 741.98 | +0.178% | $70.0M | $144.5M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0012% | 8h | 741.84 | +0.159% | $1.1M | $278K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.36 | +0.095% | $1.2M | $547K | 20x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 741.78 | +0.151% | $7.7M | $15.5M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.28 | +0.219% | $37.0M | $80.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.10 | +0.059% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.98 | +0.313% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.53 | +0.117% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.61 | +0.128% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.71 | +0.142% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.24 | +0.079% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0115% | 8h | 741.97 | +0.177% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0133% | 1h | 741.58 | +0.125% | $1.5M | $764K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0155% | 1h | 741.83 | +0.158% | $424K | $154K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.80 | +0.154% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0865% | 4h | 741.94 | +0.173% | $759K | $333K | 20x | as long as short |
Phemex QQQUSDT
Binance QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC