Funding you earn now, next payment 02:00 UTC+0.0325%/8h= +35.6% APRnext payment +$0.41 per $10,000 · paid last 24h +0.059%
Price spread now: Lighter RH against Ondo Perps+0.244%7-day average +0.196% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.367%+$37 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now +0.244%, 7d avg +0.196%
=Together, before fees+0.404%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter RH is 0.047% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.196%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 743.10 | −0.0293 | get 0.0037% / 1h | 59m 27s | $4.2M | $2.0M | 20x |
| Short | Lighter RH QQQ | 744.91 | 0.0032 | get 0.0004% / 1h | 59m 27s | $37.4M | $78.5M | 50x |
Ondo Perps QQQ-USD.P
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Ondo Perps. 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
- $68.21
- Price spread: +0.244% → +0.196%
- $4.73
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $67.94
- Costs to cover
- 0.050%
- Break-even
- 0.0 days
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 5 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 0.13 bp | 0.8 bp −$1 | 1.3 bp −$13 | 7.3 bp −$729 | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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.Plong | −0.0293% | 1h | 743.10 | long leg | $4.2M | $2.0M | 20x | |
| GMX QQQ/USD [ETH-USDC] | L −0.0092% / S +0.0198% | 1h | 744.76 | +0.224% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.53 | +0.192% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.37 | +0.171% | $3.2M | $19.9M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.289% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.248% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.03 | +0.260% | $360K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0003% | 8h | 744.38 | +0.172% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | +0.0023% | 8h | 744.66 | +0.210% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | +0.0025% | 8h | 744.74 | +0.221% | $10.7M | $5.0M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.51 | +0.190% | $7.7M | $17.6M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 744.91 | +0.244% | $37.4M | $78.5M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.79 | +0.093% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.30 | +0.296% | — | $306K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.09 | +0.133% | $1.2M | $545K | 20x | as long as short |
| Variational Omni QQQ | +0.0072% | 8h | 744.60 | +0.202% | $17.1M | $7.6M | — | as long as short |
| Nado QQQ-PERP | +0.0098% | 1h | 744.41 | +0.176% | $1.5M | $1.1M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.53 | +0.192% | $425K | $147K | 20x | as long as short |
| Binance QQQUSDT | +0.0100% | 8h | 744.75 | +0.222% | $71.3M | $149.1M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.53 | +0.192% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.13 | +0.139% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.51 | +0.190% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.02 | +0.124% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0143% | 8h | 744.71 | +0.217% | $16.9M | $6.1M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.80 | +0.229% | $5.4M | $8.2M | 25x | as long as short |
| edgeX QQQUSDC | +0.0216% | 4h | 744.53 | +0.192% | $761K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.24 | +0.153% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0371% | 8h | 744.88 | +0.240% | $318K | $1.8M | 10x | as long as short |
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
edgeX QQQUSDC
Phoenix QQQ
GRVT QQQ_USDT_Perp