Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%
Price spread now: Aster against Lighter+0.008%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.008%, 7d avg +0.024%
=Together, before fees+0.073%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 742.47 | 0.0032 | pay 0.0004% / 1h | 44m 16s | $7.7M | $15.5M | 30x |
| Short | Aster QQQUSDT | 742.53 | 0 | get 0.0000% / 8h | 2h 44m | $824K | $857K | 20x |
Lighter QQQ
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$6.72
- Price spread: +0.008% → +0.024%
- −$1.62
- Slippage, 4 orders
- −$3.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$19.98
- Costs to cover
- 0.116%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Aster: 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 Lighter live order book, 4 min ago | 0.54 bp | 0.5 bp −$1 | 1.8 bp −$18 | 13.5 bp −$1,350 | 50.0 bp −$25.0K |
| Sell Aster live order book, 4 min ago | 0.88 bp | 5.0 bp −$5 | 8.4 bp −$84 | 30.6 bp −$3,056 | 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 −0.0145% / S +0.0240% | 1h | 742.54 | +0.010% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 742.35 | −0.016% | $1.1M | $246K | 20x | as long as short |
| Aster QQQUSDTshort | 0.0000% | 8h | 742.53 | +0.008% | $824K | $857K | 20x | |
| Binance QQQUSDT | 0.0000% | 8h | 742.56 | +0.012% | $69.8M | $142.9M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.62 | +0.020% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.32 | −0.020% | $21.6M | $27.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.58 | +0.015% | $5.4M | $7.1M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.91 | −0.075% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.68 | +0.028% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.44 | −0.005% | $17.0M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
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 | 743.06 | +0.079% | $1K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.10 | −0.050% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | +0.051% | $252K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.09 | +0.084% | $360K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0010% | 1h | 741.73 | −0.100% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 742.47 | long leg | $7.7M | $15.5M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.82 | +0.047% | $36.9M | $78.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.72 | −0.101% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.49 | +0.137% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0060% | 1h | 742.39 | −0.011% | $424K | $151K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0078% | 8h | 742.73 | +0.035% | $319K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.22 | −0.034% | $3.4M | $351K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.16 | −0.042% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.28 | −0.026% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.74 | −0.098% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 742.20 | −0.037% | $1.5M | $761K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.06 | −0.055% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0297% | 4h | 742.49 | +0.002% | $759K | $336K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC