Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.014%
Price spread now: Arcus against Lighter−0.095%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Funding, last 3 days (all we have)−0.024%−$2 on $10k
+Price spread, last 7 days+0.123%+$12 · spread now −0.095%, 7d avg −0.068%
=Together, before fees+0.100%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.028% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 743.86 | 0.0032 | pay 0.0004% / 1h | 33m 57s | $7.8M | $17.7M | 30x |
| Short | Arcus QQQ-USD | 743.15 | 0.0040 | get 0.0005% / 1h | 33m 57s | $703K | $1.6M | 25x |
Lighter QQQ
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- $1.74
- Price spread: −0.095% → −0.068%
- −$2.78
- Slippage, 4 orders
- −$8.91
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$14.46
- Costs to cover
- 0.134%
- Break-even
- 65.2 days
Slippage from Lighter: live order book, 5 min ago; Arcus: 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 Lighter live order book, 5 min ago | 0.40 bp | 1.1 bp −$1 | 3.1 bp −$31 | 12.4 bp −$1,244 | 47.1 bp −$23.6K |
| Sell Arcus live order book, 5 min ago | 0.67 bp | 6.8 bp −$7 | 12.1 bp −$121 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0159% | 1h | 742.98 | −0.118% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0097% / S +0.0203% | 1h | 744.09 | +0.030% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.05 | +0.026% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.87 | +0.001% | $21.5M | $25.6M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.66 | −0.027% | $3.3M | $21.9M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.54 | +0.091% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.08 | +0.030% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.66 | +0.108% | $362K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0008% | 8h | 744.07 | +0.028% | $841K | $712K | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 743.86 | long leg | $7.8M | $17.7M | 30x |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 744.26 | +0.054% | $37.4M | $79.8M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.15 | −0.095% | $703K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.04 | +0.159% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 743.40 | −0.062% | $1.2M | $536K | 20x | as long as short |
| Variational Omni QQQ | +0.0062% | 8h | 743.95 | +0.012% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDT | +0.0062% | 8h | 744.13 | +0.036% | $16.9M | $5.9M | 20x | as long as short |
| Binance QQQUSDT | +0.0085% | 8h | 744.10 | +0.032% | $71.1M | $147.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.84 | −0.003% | $3.4M | $405K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.62 | −0.032% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.81 | −0.007% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.30 | −0.075% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 743.79 | −0.009% | $1.5M | $1.0M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0127% | 1h | 743.88 | +0.003% | $425K | $148K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.15 | +0.039% | $5.4M | $8.1M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.66 | −0.027% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0230% | 8h | 744.26 | +0.054% | $318K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0751% | 4h | 743.92 | +0.008% | $761K | $334K | 20x | as long as short |
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Bitget QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC