Funding you earn now, next payment 12:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter against Arcus+0.070%7-day average +0.074% · 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−$11as in the Price arb table
costs, in and out, $10k−$110.110% of the position
Funding, last 4 days (all we have)+0.023%+$2 on $10k
+Price spread, last 7 days−0.127%−$13 · spread now +0.070%, 7d avg +0.074%
=Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 741.58 | 0.0004 | pay 0.0001% / 1h | 55m 25s | $657K | $1.4M | 25x |
| Short | Lighter QQQ | 742.10 | 0.0032 | get 0.0004% / 1h | 55m 25s | $7.2M | $16.1M | 30x |
Arcus QQQ-USD
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- $5.84
- Price spread: +0.070% → +0.074%
- −$0.37
- Slippage, 4 orders
- −$6.48
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$5.51
- Costs to cover
- 0.110%
- Break-even
- 13.6 days
Slippage from Arcus: live order book, 2 min ago; Lighter: live order book, 6 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 Arcus live order book, 2 min ago | 0.54 bp | 4.4 bp −$4 | 4.7 bp −$47 | 13.6 bp −$1,359 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.27 bp | 0.3 bp $0 | 4.6 bp −$46 | 22.8 bp −$2,277 | 62.5 bp −$31.3K |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 742.79 | +0.164% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.57 | +0.133% | $22.1M | $30.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.46 | +0.119% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.08 | +0.067% | $3.6M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.76 | +0.159% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.15 | +0.212% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.47 | +0.255% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.96 | +0.186% | $359K | $1.7M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0001% | 8h | 742.59 | +0.136% | $1.1M | $241K | 20x | as long as short |
| Aster QQQUSDT | +0.0003% | 8h | 742.53 | +0.128% | $856K | $903K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Aster QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USDlong | +0.0004% | 1h | 741.58 | long leg | $657K | $1.4M | 25x | |
| Ondo Perps QQQ-USD.P | +0.0013% | 1h | 741.38 | −0.027% | $4.2M | $1.8M | 20x | as long as short |
| Bybit QQQUSDT | +0.0029% | 8h | 742.61 | +0.139% | $10.7M | $5.0M | 50x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 742.10 | +0.070% | $7.2M | $16.1M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.77 | +0.160% | $38.8M | $75.7M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.53 | +0.263% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 742.65 | +0.144% | $1.2M | $538K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.13 | +0.074% | $398K | $103K | 20x | as long as short |
| Variational Omni QQQ | +0.0076% | 8h | 742.48 | +0.121% | $16.9M | $6.9M | — | as long as short |
| Binance QQQUSDT | +0.0096% | 8h | 742.79 | +0.163% | $72.4M | $146.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.29 | +0.096% | $3.4M | $504K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.16 | +0.078% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.45 | +0.117% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0101% | 1h | 742.23 | +0.087% | $1.6M | $775K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.93 | +0.047% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0255% | 8h | 742.92 | +0.181% | $319K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.34 | +0.102% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0671% | 4h | 742.55 | +0.131% | $759K | $334K | 20x | as long as short |
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC