Funding you earn now, next payment 05:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Deribit against Lighter−0.017%7-day average −0.029% · 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−$11as in the Price arb table
costs, in and out, $10k−$120.118% of the position
Funding, last 5 days (all we have)+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.017%, 7d avg −0.029%
=Together, before fees+0.080%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: $0 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 | 743.17 | 0.0032 | pay 0.0004% / 1h | 40m 07s | $7.7M | $15.8M | 30x |
| Short | Deribit QQQ_USDC-PERPETUAL | 743.04 | 0.0019 | get 0.0002% / 1h | 40m 07s | $424K | $150K | 20x |
Lighter QQQ
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$2.68
- Price spread: −0.017% → −0.029%
- $1.19
- Slippage, 4 orders
- −$4.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$13.32
- Costs to cover
- 0.118%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Deribit: live order book, 14 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, 9 min ago | 0.74 bp | 0.7 bp −$1 | 1.7 bp −$17 | 15.0 bp −$1,501 | 53.1 bp −$26.5K |
| Sell Deribit live order book, 14 min ago | 0.07 bp | 6.0 bp −$6 | 7.5 bp −$75 | doesn't fit | 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 −0.0133% / S +0.0231% | 1h | 743.29 | +0.017% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0043% | 1h | 742.40 | −0.104% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.25 | +0.010% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.20 | +0.004% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.12 | −0.007% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.87 | −0.040% | $3.3M | $20.9M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.37 | +0.027% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.22 | +0.007% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.77 | +0.081% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.071% | $1.2M | $536K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTXShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 743.57 | +0.054% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.45 | +0.038% | $359K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0006% | 8h | 743.25 | +0.011% | $70.8M | $141.2M | 25x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.38 | +0.029% | $5.4M | $7.3M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0019% | 1h | 743.04 | −0.017% | $424K | $150K | 20x | |
| BloFin QQQ-USDT | +0.0021% | 8h | 743.25 | +0.011% | $1.1M | $256K | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 743.17 | long leg | $7.7M | $15.8M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 743.55 | +0.051% | $37.0M | $78.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.76 | −0.055% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.31 | +0.153% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0076% | 8h | 743.87 | +0.094% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0090% | 1h | 742.97 | −0.026% | $1.5M | $771K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.05 | −0.016% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.28 | +0.015% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.02 | −0.020% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.46 | −0.096% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.10 | −0.009% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0798% | 4h | 743.49 | +0.043% | $760K | $333K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
RISEx QQQ/USDC
BloFin QQQ-USDT
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC