Funding you earn now, next payment 11:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against Vest−0.108%7-day average −0.152% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.108%, 7d avg −0.152%
=Together, before fees+0.078%+ Points / potential airdropVest: Active · Lighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.044% dearer against Vest than usual: you sell high and buy low (spread −0.108% now, against its 7-day average of −0.152%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest QQQ-USD-PERP | 743.91 | 0.0046 | pay 0.0006% / 1h | 42m 17s | — | $337K | 50x |
| Short | Lighter RH QQQ | 743.11 | 0.0032 | get 0.0004% / 1h | 42m 17s | $38.7M | $77.1M | 50x |
Vest QQQ-USD-PERP
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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
- −$2.87
- Price spread: −0.108% → −0.152%
- $4.41
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$0.46
- Costs to cover
- 0.020%
- Break-even
- from the start
Slippage unknown: Vest: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 5 min ago | 0.14 bp | 0.1 bp $0 | 0.7 bp −$7 | 11.9 bp −$1,188 | doesn't fit |
Vest: 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 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.16 | −0.100% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0141% | 1h | 740.96 | −0.397% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 742.97 | −0.126% | $1.1M | $237K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.11 | −0.108% | $856K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.94 | −0.130% | $21.8M | $30.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.91 | −0.135% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.61 | −0.175% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.03 | −0.118% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.62 | −0.039% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.27 | −0.086% | $247K | $45K | 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
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 743.42 | −0.066% | $361K | $1.6M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.48 | −0.192% | $7.3M | $15.7M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 743.11 | −0.108% | $38.7M | $77.1M | 50x | |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.87 | −0.140% | $1.2M | $541K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.96 | −0.262% | $659K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERPlong | +0.0046% | 1h | 743.91 | long leg | — | $337K | 50x | |
| Variational Omni QQQ | +0.0052% | 8h | 742.97 | −0.127% | $16.8M | $6.9M | — | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0060% | 1h | 742.65 | −0.169% | $398K | $108K | 20x | as long as short |
| Bybit QQQUSDT | +0.0068% | 8h | 743.11 | −0.108% | $10.5M | $4.8M | 50x | as long as short |
| Binance QQQUSDT | +0.0077% | 8h | 743.11 | −0.108% | $71.7M | $145.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.70 | −0.163% | $3.4M | $471K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.56 | −0.181% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.77 | −0.153% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.25 | −0.223% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0136% | 1h | 742.56 | −0.181% | $1.6M | $771K | 20x | as long as short |
| edgeX QQQUSDC | +0.0190% | 4h | 742.87 | −0.140% | $760K | $337K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0250% | 8h | 743.56 | −0.047% | $318K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.33 | −0.212% | $38K | $59K | 20x | as long as short |
Phemex QQQUSDT
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Variational Omni QQQ
Deribit QQQ_USDC-PERPETUAL
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
edgeX QQQUSDC
GRVT QQQ_USDT_Perp
Phoenix QQQ