Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.014%
Price spread now: Lighter RH against Binance+0.024%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$110.109% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 7 days+0.002%$0 · spread now +0.024%, 7d avg −0.015%
=Together, before fees+0.154%+ Points / potential airdropLighter RH: Points live · farm board+$15 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 0.039% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 742.84 | 0 | get 0.0000% / 8h | 3h 04m | $70.1M | $143.8M | 25x |
| Short | Lighter RH QQQ | 743.02 | 0.0032 | get 0.0004% / 1h | 4m 58s | $36.9M | $79.5M | 50x |
Binance QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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: +0.024% → −0.015%
- $3.95
- Slippage, 4 orders
- −$0.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$0.25
- Costs to cover
- 0.109%
- Break-even
- 7.3 days
Slippage from Binance: live order book, 8 min ago; Lighter RH: live order book, 4 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 Binance live order book, 8 min ago | 0.07 bp | 5.1 bp −$5 | 5.3 bp −$53 | 9.3 bp −$928 | 25.9 bp −$12.9K |
| Sell Lighter RH live order book, 4 min ago | 0.27 bp | 0.4 bp $0 | 1.2 bp −$12 | 7.6 bp −$761 | 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 −0.0141% / S +0.0236% | 1h | 742.82 | −0.003% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0010% | 1h | 741.70 | −0.153% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.79 | −0.007% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDTlong | 0.0000% | 8h | 742.84 | long leg | $70.1M | $143.8M | 25x | |
| Bybit QQQUSDT | 0.0000% | 8h | 742.81 | −0.004% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.58 | −0.035% | $21.6M | $27.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.16 | −0.092% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.92 | +0.011% | $16.7M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.76 | −0.011% | $17.1M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.31 | +0.063% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.39 | −0.061% | $424K | $151K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.27 | −0.077% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | +0.001% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.37 | +0.071% | $361K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 742.84 | 0.000% | $5.4M | $7.3M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0022% | 8h | 742.86 | +0.003% | $1.1M | $246K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.67 | −0.023% | $7.7M | $15.9M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 743.02 | +0.024% | $36.9M | $79.5M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.03 | −0.109% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.68 | +0.113% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0073% | 8h | 742.97 | +0.018% | $320K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.46 | −0.051% | $3.4M | $343K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.35 | −0.066% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.50 | −0.046% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0103% | 1h | 742.39 | −0.061% | $1.5M | $763K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.98 | −0.116% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.50 | −0.046% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0178% | 4h | 742.80 | −0.006% | $759K | $334K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
BloFin QQQ-USDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC