Funding you earn now, next payment 09:00 UTC−0.0118%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h −0.020%
Price spread now: Lighter against Nado+0.023%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 4 days (all we have)+0.011%+$1 on $10k
+Price spread, last 7 days−0.139%−$14 · spread now +0.023%, 7d avg −0.054%
=Together, before fees−0.129%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.076% dearer against Nado than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.054%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 740.09 | 0.0150 | pay 0.0019% / 1h | 19m 53s | $1.6M | $748K | 20x |
| Short | Lighter QQQ | 740.26 | 0.0032 | get 0.0004% / 1h | 19m 53s | $7.6M | $15.5M | 30x |
Nado QQQ-PERP
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- −$24.76
- Price spread: +0.023% → −0.054%
- $7.64
- Slippage, 4 orders
- −$7.23
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$31.35
- Costs to cover
- 0.142%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Lighter: live order book, 9 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 Nado live order book, 4 min ago | 0.07 bp | 5.5 bp −$5 | 8.0 bp −$80 | 52.1 bp −$5,206 | doesn't fit |
| Sell Lighter live order book, 9 min ago | 0.34 bp | 1.0 bp −$1 | 2.3 bp −$23 | 19.2 bp −$1,920 | 55.2 bp −$27.6K |
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 −0.0187% / S +0.0273% | 1h | 740.51 | +0.057% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0009% | 8h | 740.02 | −0.010% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.26 | +0.022% | $855K | $903K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.79 | +0.094% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.51 | +0.056% | $21.8M | $30.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.23 | +0.018% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.81 | −0.038% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.84 | +0.101% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.96 | +0.117% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 740.17 | +0.010% | $423K | $128K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 739.76 | −0.045% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.63 | +0.073% | $364K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0003% | 8h | 740.38 | +0.038% | $16.7M | $7.2M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 739.81 | −0.038% | $1.2M | $499K | 20x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 740.26 | +0.023% | $7.6M | $15.5M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 740.68 | +0.079% | $37.6M | $80.3M | 50x | as long as short |
| Binance QQQUSDT | +0.0032% | 8h | 740.96 | +0.117% | $70.3M | $141.1M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.55 | −0.073% | $647K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.46 | +0.185% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.35 | −0.100% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.19 | +0.013% | $3.4M | $393K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.50 | −0.080% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.11 | +0.002% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.62 | −0.064% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0137% | 8h | 740.00 | −0.012% | $314K | $2.0M | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0150% | 1h | 740.09 | long leg | $1.6M | $748K | 20x | |
| Phoenix QQQ | +0.0248% | 1h | 739.00 | −0.148% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0541% | 4h | 739.75 | −0.046% | $756K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Lighter RH QQQ
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC