Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.028%
Price spread now: Bitget against Lighter RH+0.012%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$130.133% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now +0.012%, 7d avg +0.037%
=Together, before fees−0.024%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 741.53 | 0.0032 | pay 0.0004% / 1h | 54m 22s | $38.3M | $76.8M | 50x |
| Short | Bitget QQQUSDT | 741.62 | 0 | get 0.0000% / 8h | 6h 54m | $16.7M | $5.3M | 20x |
Lighter RH QQQ
Bitget QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$6.72
- Price spread: +0.012% → +0.037%
- −$2.45
- Slippage, 4 orders
- −$1.28
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$22.45
- Costs to cover
- 0.133%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 5 min ago; Bitget: 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, 5 min ago | 0.07 bp | 0.3 bp $0 | 0.7 bp −$7 | 9.9 bp −$986 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 0.07 bp | 6.5 bp −$7 | 9.2 bp −$92 | 14.3 bp −$1,427 | 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 −0.0192% / S +0.0277% | 1h | 741.62 | +0.011% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0054% | 1h | 740.32 | −0.163% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0008% | 8h | 741.51 | −0.003% | $1.1M | $279K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.74 | +0.028% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.33 | −0.027% | $21.6M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.49 | −0.005% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.06 | −0.063% | $3.5M | $19.7M | 50x | as long as short |
| Bitget QQQUSDTshort | 0.0000% | 8h | 741.62 | +0.012% | $16.7M | $5.3M | 20x | |
| SunX QQQ-USDT | 0.0000% | 8h | 742.44 | +0.123% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.128% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 741.97 | +0.059% | $361K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0029% | 8h | 741.96 | +0.058% | $16.8M | $7.3M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.11 | −0.057% | $7.6M | $14.7M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 741.53 | long leg | $38.3M | $76.8M | 50x | |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.63 | +0.013% | $1.2M | $512K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.72 | −0.109% | $647K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.44 | +0.123% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0055% | 8h | 741.59 | +0.008% | $70.9M | $141.9M | 25x | as long as short |
| Bybit QQQUSDT | +0.0079% | 8h | 741.60 | +0.009% | $10.6M | $5.0M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.18 | −0.047% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.74 | +0.028% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.46 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.85 | −0.091% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0146% | 1h | 741.00 | −0.071% | $1.6M | $744K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0182% | 1h | 741.25 | −0.038% | $423K | $126K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 741.73 | +0.027% | $38K | $59K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0277% | 8h | 742.31 | +0.105% | $315K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0704% | 4h | 741.86 | +0.045% | $759K | $335K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC