Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter RH against Coinbase International+0.089%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$120.117% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 3 days (all we have)−0.123%−$12 · spread now +0.089%, 7d avg +0.041%
=Together, before fees−0.241%+ Points / potential airdropLighter RH: Points live · farm board−$24 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 RH is 0.048% dearer against Coinbase International than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 743.88 | 0.0032 | pay 0.0004% / 1h | 51m 11s | $1.2M | $532K | 20x |
| Short | Lighter RH QQQ | 744.54 | 0.0032 | get 0.0004% / 1h | 51m 11s | $37.3M | $78.4M | 50x |
Coinbase International QQQ-PERP-INTX
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Coinbase International. 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
- Price spread: +0.089% → +0.041%
- $4.77
- Slippage, 4 orders
- −$1.73
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$6.95
- Costs to cover
- 0.117%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Lighter RH: live order book, 3 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 Coinbase International live order book, 2 min ago | 0.07 bp | 5.5 bp −$5 | 7.4 bp −$74 | 33.2 bp −$3,317 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 0.07 bp | 0.4 bp $0 | 1.3 bp −$13 | 7.5 bp −$755 | doesn't fit |
QQQ on 27 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 −0.0106% / S +0.0210% | 1h | 744.34 | +0.061% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.35 | +0.063% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | +0.071% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.24 | +0.048% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.41 | +0.071% | $5.4M | $7.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.97 | +0.012% | $3.3M | $20.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | +0.078% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.78 | +0.121% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.68 | +0.108% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.55 | +0.090% | $360K | $1.4M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0005% | 4h | 744.28 | +0.054% | $761K | $334K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0015% | 1h | 743.42 | −0.062% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.14 | +0.035% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 744.54 | +0.089% | $37.3M | $78.4M | 50x | |
| Coinbase International QQQ-PERP-INTXlong | +0.0032% | 1h | 743.88 | long leg | $1.2M | $532K | 20x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.47 | −0.055% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.29 | +0.190% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.38 | +0.068% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0075% | 8h | 744.35 | +0.063% | $71.2M | $144.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.06 | +0.024% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.99 | +0.015% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.07 | +0.026% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.56 | −0.043% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0116% | 1h | 743.96 | +0.010% | $1.5M | $924K | 20x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.99 | +0.015% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0169% | 8h | 744.51 | +0.084% | $322K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0234% | 1h | 744.19 | +0.042% | $425K | $149K | 20x | as long as short |
edgeX QQQUSDC
Ondo Perps QQQ-USD.P
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL