Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.004%
Price spread now: Lighter RH against Variational Omni+0.038%7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.011%+$1 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now +0.038%, 7d avg −0.002%
=Together, before fees+0.018%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.040% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni QQQ | 743.32 | 0.0046 | pay 0.0046% / 8h | 20m 18s | $17.6M | $10.3M | — |
| Short | Lighter RH QQQ | 743.61 | 0.0040 | get 0.0005% / 1h | 20m 18s | $37.5M | $80.3M | 50x |
Variational Omni QQQ
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Variational Omni. 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
- −$1.29
- Price spread: +0.038% → −0.002%
- $4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $2.73
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter RH: live order book, 4 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 Variational Omni RFQ quote, 4 min ago | 1.90 bp | doesn't fit | 3.3 bp −$33 | 11.0 bp −$1,100 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.07 bp | 0.2 bp $0 | 0.5 bp −$5 | 5.9 bp −$587 | 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 −0.0075% / S +0.0185% | 1h | 743.42 | +0.013% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0006% | 1h | 741.59 | −0.233% | $4.2M | $2.1M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | +0.005% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.21 | −0.015% | $21.6M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.02 | −0.041% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.81 | +0.065% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | −0.026% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.98 | +0.088% | $361K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0014% | 8h | 743.09 | −0.032% | $1.1M | $320K | 20x | as long as short |
| Lighter RH QQQshort | +0.0040% | 1h | 743.61 | +0.038% | $37.5M | $80.3M | 50x |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.65 | −0.091% | $694K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.89 | +0.076% | — | $621K | 50x | as long as short |
| Variational Omni QQQlong | +0.0046% | 8h | 743.32 | long leg | $17.6M | $10.3M | — | |
| Lighter QQQ | +0.0064% | 1h | 743.27 | −0.007% | $7.6M | $20.9M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.85 | −0.064% | $1.2M | $865K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 743.13 | −0.026% | $425K | $164K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.38 | +0.008% | $71.1M | $160.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.94 | −0.052% | $3.4M | $416K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.93 | −0.053% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.10 | −0.030% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0102% | 8h | 743.37 | +0.006% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.68 | −0.087% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0174% | 1h | 742.99 | −0.046% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0184% | 8h | 743.46 | +0.018% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0190% | 8h | 743.54 | +0.029% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.53 | +0.027% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.09 | −0.032% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0447% | 4h | 743.32 | 0.000% | $760K | $336K | 20x | as long as short |
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUAL
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
edgeX QQQUSDC