Funding you earn now, next payment 06:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.015%
Price spread now: Lighter RH against BloFin+0.094%61s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$130.133% of the position
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.094%, 7d avg −0.010%
=Together, before fees+0.101%+ Points / potential airdropLighter RH: Points live · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 0.105% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.010%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin QQQ-USDT | 742.85 | −0.0020 | get 0.0020% / 8h | 2h 10m | $1.1M | $277K | 20x |
| Short | Lighter RH QQQ | 743.55 | 0.0032 | get 0.0004% / 1h | 10m 01s | $36.9M | $80.9M | 50x |
BloFin QQQ-USDT
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against BloFin. 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
- $10.99
- Price spread: +0.094% → −0.010%
- $10.45
- Slippage, 4 orders
- −$1.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $8.19
- Costs to cover
- 0.133%
- Break-even
- 1.8 days
Slippage from BloFin: live order book, 2 min ago; Lighter RH: live order book, 4 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 BloFin live order book, 2 min ago | 0.07 bp | 6.1 bp −$6 | 6.6 bp −$66 | 10.0 bp −$1,000 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.14 bp | 0.1 bp $0 | 0.6 bp −$6 | 6.5 bp −$646 | 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 −0.0152% / S +0.0245% | 1h | 743.38 | +0.072% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDTlong | −0.0020% | 8h | 742.85 | long leg | $1.1M | $277K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 742.95 | +0.014% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.40 | +0.074% | $70.0M | $145.0M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.30 | +0.061% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.19 | +0.046% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.09 | +0.033% | $5.4M | $6.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.60 | −0.034% | $3.3M | $21.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.39 | +0.073% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.18 | +0.045% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.92 | +0.144% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.77 | −0.011% | $1.2M | $541K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.33 | +0.065% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.50 | +0.088% | $361K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0003% | 1h | 742.06 | −0.106% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.12 | +0.036% | $7.6M | $15.7M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 743.55 | +0.094% | $36.9M | $80.9M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.04 | −0.109% | $688K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.08 | +0.166% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0090% | 8h | 742.89 | +0.005% | $315K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.98 | +0.018% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.56 | −0.039% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.01 | +0.022% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0100% | 1h | 742.97 | +0.016% | $424K | $152K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.46 | −0.053% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.76 | −0.012% | $1.5M | $748K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.54 | −0.042% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0907% | 4h | 742.99 | +0.019% | $760K | $333K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Deribit QQQ_USDC-PERPETUAL
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC