Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.096%
Price spread now: Lighter RH against Binance+0.008%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$110.109% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 2 days (all we have)−0.065%−$7 · spread now +0.008%, 7d avg −0.008%
=Together, before fees+0.094%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.159%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 743.59 | 0.0076 | pay 0.0076% / 8h | 12m 54s | $71.1M | $160.7M | 25x |
| Short | Lighter RH QQQ | 743.65 | 0.0032 | get 0.0004% / 1h | 12m 54s | $37.4M | $80.8M | 50x |
Binance QQQUSDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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
- −$9.22
- Price spread: +0.008% → −0.008%
- $1.58
- Slippage, 4 orders
- −$0.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$18.58
- Costs to cover
- 0.109%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Lighter RH: live order book, 6 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 Binance live order book, 15 min ago | 0.07 bp | 5.1 bp −$5 | 5.2 bp −$52 | 9.4 bp −$935 | 25.7 bp −$12.9K |
| Sell Lighter RH live order book, 6 min ago | 0.34 bp | 0.5 bp $0 | 1.4 bp −$14 | 6.7 bp −$668 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0077% / S +0.0187% | 1h | 743.50 | −0.011% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0046% | 1h | 742.08 | −0.203% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0002% | 8h | 743.09 | −0.067% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.51 | −0.011% | $845K | $784K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.44 | −0.020% | $21.6M | $27.6M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.31 | −0.038% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.02 | +0.058% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | −0.062% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.97 | +0.051% | $363K | $1.4M | 10x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 743.65 | +0.008% | $37.4M | $80.8M | 50x |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.82 | −0.104% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.96 | +0.050% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.47 | −0.017% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQ | +0.0064% | 1h | 743.35 | −0.032% | $7.6M | $20.9M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 743.11 | −0.065% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDTlong | +0.0076% | 8h | 743.59 | long leg | $71.1M | $160.7M | 25x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.07 | −0.070% | $3.4M | $415K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.07 | −0.070% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.24 | −0.047% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0101% | 8h | 743.57 | −0.003% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.83 | −0.103% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0173% | 1h | 743.03 | −0.075% | $1.5M | $1.3M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0181% | 1h | 743.26 | −0.044% | $425K | $157K | 20x | as long as short |
| Bitget QQQUSDT | +0.0181% | 8h | 743.55 | −0.005% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 743.70 | +0.015% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.58 | −0.001% | $5.6M | $9.0M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.06 | −0.071% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0546% | 4h | 743.47 | −0.016% | $760K | $337K | 20x | as long as short |
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
edgeX QQQUSDC