Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%
Price spread now: Lighter RH against Aster+0.096%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.096%, 7d avg −0.012%
=Together, before fees−0.010%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$1 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 RH is 0.108% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 743.87 | 0 | get 0.0000% / 8h | 7h 47m | $841K | $760K | 20x |
| Short | Lighter RH QQQ | 744.58 | 0.0032 | get 0.0004% / 1h | 47m 22s | $37.4M | $78.9M | 50x |
Aster QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.096% → −0.012%
- $10.78
- Slippage, 4 orders
- −$2.73
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $6.77
- Costs to cover
- 0.107%
- Break-even
- from the start
Slippage from Aster: live order book, 25 min ago; Lighter RH: live order book, 2 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, 25 min ago | 0.27 bp | 4.8 bp −$5 | 6.8 bp −$68 | 32.4 bp −$3,239 | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 0.47 bp | 0.5 bp $0 | 1.1 bp −$11 | 6.5 bp −$649 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0371% | 1h | 742.44 | −0.192% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0082% / S +0.0191% | 1h | 744.50 | +0.086% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0023% | 8h | 743.81 | −0.007% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 743.87 | long leg | $841K | $760K | 20x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.30 | +0.058% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.11 | +0.033% | $3.2M | $26.6M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.90 | +0.139% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.80 | +0.126% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.84 | +0.131% | $360K | $1.4M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.24 | +0.050% | $7.6M | $18.1M | 30x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQshort | +0.0032% | 1h | 744.58 | +0.096% | $37.4M | $78.9M | 50x | |
| Variational Omni QQQ | +0.0039% | 8h | 743.94 | +0.010% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.39 | −0.064% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.94 | +0.144% | — | $336K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.018% | $1.2M | $626K | 20x | as long as short |
| Binance QQQUSDT | +0.0070% | 8h | 744.50 | +0.085% | $71.0M | $155.1M | 25x | as long as short |
| Bybit QQQUSDT | +0.0079% | 8h | 744.61 | +0.100% | $10.7M | $4.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0086% | 1h | 744.12 | +0.034% | $425K | $147K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.00 | +0.018% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.83 | −0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.10 | +0.032% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.86 | −0.135% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0112% | 1h | 743.99 | +0.017% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0178% | 8h | 744.48 | +0.083% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.47 | +0.081% | $5.5M | $9.0M | 25x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0219% | 8h | 744.39 | +0.070% | $327K | $1.8M | 10x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.91 | +0.006% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0995% | 4h | 744.25 | +0.052% | $761K | $336K | 20x | as long as short |
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Bybit QQQUSDT
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC