Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.015%
Price spread now: Lighter against Aster+0.031%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.031%, 7d avg −0.024%
=Together, before fees−0.103%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.055% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 742.87 | 0 | get 0.0000% / 8h | 3h 16m | $824K | $857K | 20x |
| Short | Lighter QQQ | 743.10 | 0.0032 | get 0.0004% / 1h | 16m 57s | $7.7M | $15.8M | 30x |
Aster QQQUSDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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: +0.031% → −0.024%
- $5.48
- Slippage, 4 orders
- −$3.62
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $0.59
- Costs to cover
- 0.116%
- Break-even
- 6.4 days
Slippage from Aster: live order book, 36 min ago; Lighter: live order book, 7 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 Aster live order book, 36 min ago | 0.81 bp | 4.9 bp −$5 | 5.7 bp −$57 | 66.6 bp −$6,659 | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.61 bp | 1.0 bp −$1 | 2.4 bp −$24 | 19.5 bp −$1,947 | 59.5 bp −$29.8K |
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 −0.0138% / S +0.0235% | 1h | 743.26 | +0.053% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0025% | 1h | 742.06 | −0.109% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 742.87 | long leg | $824K | $857K | 20x | |
| Binance QQQUSDT | 0.0000% | 8h | 743.32 | +0.060% | $70.3M | $142.7M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.24 | +0.049% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.07 | +0.027% | $21.5M | $27.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.53 | −0.046% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.38 | +0.068% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.17 | +0.041% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.73 | +0.115% | $1K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.031% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.43 | +0.075% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.38 | +0.068% | $360K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0002% | 8h | 743.11 | +0.032% | $1.1M | $246K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.27 | +0.053% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 743.10 | +0.031% | $7.7M | $15.8M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 743.46 | +0.079% | $37.0M | $79.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.23 | −0.086% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.06 | +0.160% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0064% | 8h | 743.36 | +0.065% | $320K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0081% | 1h | 742.67 | −0.027% | $1.5M | $745K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.90 | +0.004% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.66 | −0.029% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.97 | +0.013% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.37 | −0.067% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.48 | −0.053% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 742.99 | +0.016% | $424K | $151K | 20x | as long as short |
| edgeX QQQUSDC | +0.0638% | 4h | 743.13 | +0.034% | $760K | $335K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
RISEx QQQ/USDC
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC