Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.013%
Price spread now: Coinbase International against Lighter−0.017%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 3 days (all we have)+0.105%+$11 · spread now −0.017%, 7d avg −0.036%
=Together, before fees+0.254%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, 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 | 744.01 | 0.0032 | pay 0.0004% / 1h | 46m 09s | $7.6M | $18.1M | 30x |
| Short | Coinbase International QQQ-PERP-INTX | 743.88 | 0.0064 | get 0.0008% / 1h | 46m 09s | $1.2M | $581K | 20x |
Lighter QQQ
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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: −0.017% → −0.036%
- $1.84
- Slippage, 4 orders
- −$3.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$4.65
- Costs to cover
- 0.132%
- Break-even
- 11.8 days
Slippage from Lighter: live order book, 8 min ago; Coinbase International: live order book, 2 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, 8 min ago | 0.40 bp | 0.4 bp $0 | 2.5 bp −$25 | 14.5 bp −$1,447 | 48.0 bp −$24.0K |
| Sell Coinbase International live order book, 2 min ago | 1.08 bp | 6.1 bp −$6 | 7.6 bp −$76 | 49.4 bp −$4,940 | 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 | −0.0370% | 1h | 742.51 | −0.202% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0082% / S +0.0191% | 1h | 744.25 | +0.033% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0022% | 8h | 744.06 | +0.007% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.72 | −0.039% | $841K | $760K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.10 | +0.012% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.00 | −0.001% | $3.2M | $26.7M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.74 | +0.098% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.80 | +0.106% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.56 | +0.074% | $361K | $1.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0005% | 1h | 743.87 | −0.019% | $425K | $147K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQlong | +0.0032% | 1h | 744.01 | long leg | $7.6M | $18.1M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.35 | +0.046% | $37.3M | $79.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.46 | −0.074% | $747K | $1.5M | 25x | as long as short |
| Variational Omni QQQ | +0.0042% | 8h | 744.27 | +0.035% | $17.1M | $10.9M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.79 | +0.105% | — | $336K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0064% | 1h | 743.88 | −0.017% | $1.2M | $581K | 20x | |
| Binance QQQUSDT | +0.0071% | 8h | 744.26 | +0.034% | $71.0M | $155.1M | 25x | as long as short |
| Bybit QQQUSDT | +0.0087% | 8h | 744.38 | +0.050% | $10.7M | $4.9M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.88 | −0.017% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.83 | −0.024% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.99 | −0.003% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.52 | −0.065% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0115% | 1h | 744.01 | 0.000% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0180% | 8h | 744.33 | +0.043% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.40 | +0.052% | $5.5M | $9.0M | 25x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0219% | 8h | 744.39 | +0.050% | $327K | $1.8M | 10x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.91 | −0.013% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0995% | 4h | 744.25 | +0.033% | $761K | $336K | 20x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Variational Omni QQQ
Vest QQQ-USD-PERP
Binance QQQUSDT
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC