Funding you earn now, next payment 01:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against Vest−0.082%7-day average −0.159% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.082%, 7d avg −0.159%
=Together, before fees+0.052%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.077% dearer against Vest than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.159%): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest QQQ-USD-PERP | 744.97 | 0.0046 | pay 0.0006% / 1h | 24m 11s | — | $306K | 50x |
| Short | Lighter RH QQQ | 744.36 | 0.0032 | get 0.0004% / 1h | 24m 11s | $37.3M | $80.3M | 50x |
Vest QQQ-USD-PERP
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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
- −$2.87
- Price spread: −0.082% → −0.159%
- $7.7
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $2.83
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 5 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 0.20 bp | 0.3 bp $0 | 1.5 bp −$15 | 6.9 bp −$689 | doesn't fit |
Vest: 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0354% | 1h | 743.30 | −0.224% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0087% / S +0.0195% | 1h | 744.30 | −0.089% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0001% | 8h | 744.38 | −0.079% | $1.1M | $318K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.40 | −0.077% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.17 | −0.107% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.15 | −0.110% | $3.2M | $27.9M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.81 | −0.021% | $2K | $2.2M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.93 | −0.140% | $425K | $147K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.060% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.51 | −0.062% | $362K | $1.4M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster QQQUSDT | +0.0004% | 8h | 744.21 | −0.102% | $841K | $714K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.96 | −0.136% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 744.36 | −0.082% | $37.3M | $80.3M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.95 | −0.137% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERPlong | +0.0046% | 1h | 744.97 | long leg | — | $306K | 50x | |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | −0.033% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.24 | −0.098% | $1.2M | $550K | 20x | as long as short |
| Binance QQQUSDT | +0.0081% | 8h | 744.24 | −0.098% | $71.1M | $152.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.06 | −0.122% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.53 | −0.059% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.13 | −0.113% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0102% | 1h | 744.27 | −0.094% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.76 | −0.163% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0180% | 8h | 744.34 | −0.085% | $16.9M | $6.4M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.46 | −0.069% | $5.4M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | −0.126% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0304% | 8h | 745.05 | +0.011% | $317K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0961% | 4h | 744.90 | −0.009% | $762K | $335K | 20x | as long as short |
Aster QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC