Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Arcus against Lighter RH−0.129%7-day average −0.140% · 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−$120.116% of the position
Funding, last 4 days (all we have)−0.006%−$1 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now −0.129%, 7d avg −0.140%
=Together, before fees−0.014%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 744.56 | 0.0048 | pay 0.0006% / 1h | 10m 26s | $36.9M | $79.8M | 50x |
| Short | Arcus QQQ-USD | 743.60 | 0.0040 | get 0.0005% / 1h | 10m 26s | $698K | $1.6M | 25x |
Lighter RH QQQ
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter RH. 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
- −$1.62
- Price spread: −0.129% → −0.140%
- $1.07
- Slippage, 4 orders
- −$7.11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$12.16
- Costs to cover
- 0.116%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 4 min ago; Arcus: 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 RH live order book, 4 min ago | 0.27 bp | 0.4 bp $0 | 0.7 bp −$7 | 6.3 bp −$631 | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.74 bp | 6.9 bp −$7 | 11.3 bp −$113 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0134% | 1h | 743.24 | −0.177% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0127% / S +0.0226% | 1h | 744.34 | −0.030% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | 0.0000% | 8h | 744.14 | −0.056% | $1.1M | $261K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.27 | −0.039% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.29 | −0.036% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.09 | −0.063% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.37 | −0.025% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.72 | −0.113% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.40 | −0.021% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | −0.061% | $17.1M | $7.4M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster 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 | 744.70 | +0.019% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.012% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.85 | +0.039% | $362K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.102% | $1.2M | $536K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 744.33 | −0.031% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.12 | −0.059% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.60 | −0.129% | $698K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.25 | +0.093% | — | $337K | 50x | as long as short |
| Lighter RH QQQlong | +0.0048% | 1h | 744.56 | long leg | $36.9M | $79.8M | 50x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0086% | 1h | 744.00 | −0.075% | $425K | $150K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0092% | 8h | 744.39 | −0.023% | $324K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0095% | 1h | 743.92 | −0.086% | $1.5M | $834K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.93 | −0.085% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.90 | −0.089% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.03 | −0.071% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.42 | −0.154% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.93 | −0.085% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0627% | 4h | 744.18 | −0.051% | $761K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC