Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.028%
Price spread now: Lighter RH against Bitget−0.001%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$130.135% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.001%, 7d avg −0.037%
=Together, before fees+0.015%+ Points / potential airdropLighter RH: Points live · farm board+$1 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 0.035% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget QQQUSDT | 741.99 | 0 | get 0.0000% / 8h | 34m 24s | $16.5M | $5.4M | 20x |
| Short | Lighter RH QQQ | 741.98 | 0.0032 | get 0.0004% / 1h | 34m 24s | $37.3M | $80.2M | 50x |
Bitget QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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: −0.001% → −0.037%
- $3.52
- Slippage, 4 orders
- −$1.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$3.24
- Costs to cover
- 0.135%
- Break-even
- 10.4 days
Slippage from Bitget: live order book, 4 min ago; Lighter RH: live order book, 5 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 Bitget live order book, 4 min ago | 0.07 bp | 6.6 bp −$7 | 8.6 bp −$86 | 13.1 bp −$1,307 | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 0.07 bp | 0.2 bp $0 | 1.0 bp −$10 | 8.5 bp −$848 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0177% | 1h | 740.56 | −0.193% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0172% / S +0.0261% | 1h | 741.77 | −0.029% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0075% | 8h | 741.40 | −0.080% | $3.3M | $21.6M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 741.72 | −0.036% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.97 | −0.003% | $822K | $861K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.01 | +0.003% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.60 | −0.053% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.66 | −0.044% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDTlong | 0.0000% | 8h | 741.99 | long leg | $16.5M | $5.4M | 20x | |
| Variational Omni QQQ | 0.0000% | 8h | 741.73 | −0.035% | $16.8M | $7.2M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.63 | +0.086% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.04 | +0.007% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.13 | +0.019% | $360K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0011% | 8h | 741.94 | −0.007% | $70.2M | $142.2M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.51 | −0.065% | $1.2M | $491K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.71 | −0.038% | $7.7M | $15.3M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 741.98 | −0.001% | $37.3M | $80.2M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.26 | −0.098% | $644K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.76 | +0.104% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.52 | −0.063% | $3.4M | $360K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.38 | −0.082% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.62 | −0.050% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.99 | −0.135% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0119% | 1h | 741.51 | −0.064% | $1.6M | $763K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0127% | 8h | 741.96 | −0.005% | $325K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.51 | −0.065% | $38K | $65K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0236% | 1h | 741.51 | −0.065% | $424K | $156K | 20x | as long as short |
| edgeX QQQUSDC | +0.0600% | 4h | 741.80 | −0.025% | $758K | $335K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC