Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%
Price spread now: Lighter RH against Aster+0.025%7-day average −0.011% · 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−$7as in the Price arb table
costs, in and out, $10k−$110.106% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.025%, 7d avg −0.011%
=Together, before fees+0.060%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$6 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 0.036% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 744.13 | 0 | get 0.0000% / 8h | 5h 47m | $841K | $713K | 20x |
| Short | Lighter RH QQQ | 744.31 | 0.0032 | get 0.0004% / 1h | 47m 46s | $37.3M | $78.6M | 50x |
Aster QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Aster. 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
- $6.72
- Price spread: +0.025% → −0.011%
- $3.6
- Slippage, 4 orders
- −$2.59
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$0.27
- Costs to cover
- 0.106%
- Break-even
- 7.3 days
Slippage from Aster: live order book, 15 min ago; Lighter RH: 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 Aster live order book, 15 min ago | 0.81 bp | 5.3 bp −$5 | 6.5 bp −$65 | 39.9 bp −$3,990 | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 0.07 bp | 0.4 bp $0 | 1.3 bp −$13 | 7.5 bp −$755 | doesn't fit |
QQQ on 27 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 −0.0107% / S +0.0210% | 1h | 744.13 | +0.001% | $25K | — | 26x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 744.13 | long leg | $841K | $713K | 20x | |
| Bybit QQQUSDT | 0.0000% | 8h | 744.21 | +0.011% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.03 | −0.013% | $21.7M | $26.3M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | 0.0000% | 1h | 743.10 | −0.138% | $4.2M | $1.9M | 20x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.16 | +0.005% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.76 | −0.049% | $3.3M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.45 | +0.044% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.58 | +0.061% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.24 | +0.015% | $257K | $29K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Ondo Perps QQQ-USD.P
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.43 | +0.041% | $361K | $1.4M | 10x | as long as short |
| edgeX QQQUSDC | +0.0005% | 4h | 744.28 | +0.021% | $761K | $334K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 743.81 | −0.042% | $425K | $149K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.90 | −0.030% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 744.31 | +0.025% | $37.3M | $78.6M | 50x | |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.74 | −0.052% | $1.2M | $534K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.36 | −0.103% | $705K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.08 | +0.128% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 744.19 | +0.009% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0073% | 8h | 744.12 | 0.000% | $71.1M | $144.4M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.85 | −0.037% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.99 | −0.018% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.83 | −0.040% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.34 | −0.106% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0116% | 1h | 743.70 | −0.057% | $1.5M | $923K | 20x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.80 | −0.044% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0165% | 8h | 744.45 | +0.044% | $322K | $1.9M | 10x | as long as short |
Phemex QQQUSDT
edgeX QQQUSDC
Deribit QQQ_USDC-PERPETUAL
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp