Funding you earn now, next payment 12:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.003%
Price spread now: Lighter against Bybit−0.067%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 7 days−0.079%−$8 · spread now −0.067%, 7d avg −0.089%
=Together, before fees−0.027%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.022% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.089%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit QQQUSDT | 742.52 | 0.0029 | pay 0.0029% / 8h | 4h 57m | $10.7M | $5.0M | 50x |
| Short | Lighter QQQ | 742.02 | 0.0032 | get 0.0004% / 1h | 57m 34s | $7.3M | $16.1M | 30x |
Bybit QQQUSDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $0.53
- Price spread: −0.067% → −0.089%
- $2.2
- Slippage, 4 orders
- −$4.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.03
- Costs to cover
- 0.158%
- Break-even
- 178.7 days
Slippage from Bybit: live order book, 4 min ago; Lighter: 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 Bybit live order book, 4 min ago | 0.54 bp | 7.3 bp −$7 | 9.8 bp −$98 | 65.3 bp −$6,533 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.27 bp | 0.3 bp $0 | 4.6 bp −$46 | 22.8 bp −$2,277 | 62.5 bp −$31.3K |
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 | 742.85 | +0.044% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0006% | 8h | 743.04 | +0.070% | $1.1M | $241K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.51 | −0.001% | $22.1M | $30.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.44 | −0.011% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.09 | −0.058% | $3.6M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.81 | +0.039% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.50 | +0.132% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.47 | +0.128% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.15 | +0.085% | $360K | $1.7M | 10x | as long as short |
| Aster QQQUSDT | +0.0003% | 8h | 742.51 | −0.002% | $856K | $903K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | +0.0003% | 1h | 741.93 | −0.079% | $4.2M | $1.8M | 20x | as long as short |
| Arcus QQQ-USD | +0.0004% | 1h | 741.62 | −0.121% | $658K | $1.4M | 25x | as long as short |
| Bybit QQQUSDTlong | +0.0029% | 8h | 742.52 | long leg | $10.7M | $5.0M | 50x | |
| Lighter QQQshort | +0.0032% | 1h | 742.02 | −0.067% | $7.3M | $16.1M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.65 | +0.018% | $38.9M | $75.7M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.52 | +0.135% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 742.65 | +0.018% | $1.2M | $538K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.28 | −0.032% | $398K | $103K | 20x | as long as short |
| Variational Omni QQQ | +0.0075% | 8h | 743.01 | +0.066% | $16.9M | $7.0M | — | as long as short |
| Binance QQQUSDT | +0.0096% | 8h | 742.72 | +0.027% | $72.4M | $146.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.26 | −0.035% | $3.4M | $503K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.62 | +0.013% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.44 | −0.011% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.06 | −0.062% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0105% | 1h | 742.12 | −0.053% | $1.6M | $773K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0256% | 8h | 743.38 | +0.115% | $319K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.72 | +0.027% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0337% | 4h | 742.89 | +0.050% | $760K | $334K | 20x | as long as short |
Ondo Perps QQQ-USD.P
Arcus QQQ-USD
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC