Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter against Coinbase International+0.011%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$130.131% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.011%, 7d avg +0.037%
=Together, before fees−0.230%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.026% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.037%). If the spread goes back, that is −$3 on $10k: about 5.4 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 741.51 | 0.0016 | pay 0.0002% / 1h | 33m 28s | $1.2M | $491K | 20x |
| Short | Lighter QQQ | 741.59 | 0.0032 | get 0.0004% / 1h | 33m 28s | $7.7M | $15.3M | 30x |
Coinbase International QQQ-PERP-INTX
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $3.36
- Price spread: +0.011% → +0.037%
- −$2.6
- Slippage, 4 orders
- −$3.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$12.34
- Costs to cover
- 0.131%
- Break-even
- 32.7 days
Slippage from Coinbase International: live order book, 5 min ago; Lighter: 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 Coinbase International live order book, 5 min ago | 0.07 bp | 5.1 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.61 bp | 0.6 bp −$1 | 2.1 bp −$21 | 21.3 bp −$2,134 | 60.1 bp −$30.0K |
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 | −0.0175% | 1h | 740.56 | −0.128% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0172% / S +0.0261% | 1h | 741.84 | +0.044% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0075% | 8h | 741.39 | −0.016% | $3.3M | $21.6M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 741.72 | +0.028% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.77 | +0.036% | $821K | $861K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.89 | +0.051% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.60 | +0.012% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.58 | +0.010% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.92 | +0.055% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.73 | +0.030% | $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
Bitget QQQUSDT
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 | +0.151% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.04 | +0.071% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.27 | +0.102% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0011% | 8h | 741.80 | +0.039% | $70.2M | $142.0M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0016% | 1h | 741.51 | long leg | $1.2M | $491K | 20x | |
| Lighter QQQshort | +0.0032% | 1h | 741.59 | +0.011% | $7.7M | $15.3M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 741.91 | +0.054% | $37.3M | $80.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.24 | −0.036% | $644K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.71 | +0.162% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0087% | 1h | 741.63 | +0.016% | $424K | $156K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.39 | −0.016% | $3.4M | $360K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.49 | −0.003% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.62 | +0.015% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.18 | −0.044% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 741.34 | −0.022% | $1.6M | $763K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0130% | 8h | 742.08 | +0.077% | $325K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.51 | 0.000% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0600% | 4h | 741.80 | +0.039% | $758K | $335K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC