Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.005%
Price spread now: KuCoin against Lighter−0.004%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.004%, 7d avg +0.029%
=Together, before fees+0.152%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.033% cheaper against Lighter than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.029%). If the spread goes back, that is −$3 on $10k: about 38 hours of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 744.32 | 0.0032 | pay 0.0004% / 1h | 14m 07s | $7.7M | $17.8M | 30x |
| Short | KuCoin QQQUSDTM | 744.29 | 0.0100 | get 0.0100% / 8h | 6h 14m | $3.4M | $412K | 20x |
Lighter QQQ
KuCoin QQQUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.28
- Price spread: −0.004% → +0.029%
- −$3.26
- Slippage, 4 orders
- −$17.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$18.48
- Costs to cover
- 0.295%
- Break-even
- 16.1 days
Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 3 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 | 0.6 bp −$1 | 2.0 bp −$20 | 13.5 bp −$1,351 | 48.2 bp −$24.1K |
| Sell KuCoin live order book, 3 min ago | 0.07 bp | 20.6 bp −$21 | 131.0 bp −$1,310 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0101% / S +0.0206% | 1h | 744.54 | +0.030% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0088% | 1h | 743.56 | −0.102% | $4.2M | $1.9M | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.67 | +0.047% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.41 | +0.012% | $21.7M | $26.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.09 | −0.031% | $3.3M | $23.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.01 | +0.093% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.125% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.85 | +0.071% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0006% | 8h | 744.45 | +0.018% | $841K | $712K | 20x | as long as short |
| Bitget QQQUSDT | +0.0025% | 8h | 744.60 | +0.038% | $16.9M | $5.9M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Bitget QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQlong | +0.0032% | 1h | 744.32 | long leg | $7.7M | $17.8M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.73 | +0.055% | $37.4M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.66 | −0.089% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.46 | +0.153% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.08 | −0.032% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0056% | 8h | 744.43 | +0.014% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0082% | 8h | 744.55 | +0.031% | $71.1M | $147.3M | 25x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 744.29 | −0.004% | $3.4M | $412K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.10 | −0.030% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.25 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.76 | −0.075% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.30 | −0.003% | $425K | $148K | 20x | as long as short |
| Nado QQQ-PERP | +0.0123% | 1h | 744.11 | −0.028% | $1.5M | $953K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.53 | +0.028% | $5.4M | $8.0M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 744.18 | −0.019% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0198% | 8h | 744.63 | +0.041% | $320K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0490% | 4h | 744.37 | +0.007% | $761K | $335K | 20x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC