After costs, if the gap returns to its 7d average, $10k−$6
spread now+0.091%7d average+0.034%fees + slippage, in and out−$11spread needed0.115%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 728.34 | 0 | get 0.0000% / 1h | 27m 33s | $416K | $283K | 20x |
| Short | Lighter QQQ | 729.00 | 0.0040 | get 0.0005% / 1h | 27m 33s | $6.9M | $14.2M | 30x |
Deribit QQQ_USDC-PERPETUAL
Lighter QQQPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $9.06
- Funding while held
- $1.2
- Slippage, 4 orders
- −$4.48
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$1.22
- Spread needed to break even
- 0.115%
Slippage from Deribit: live order book, 33 min ago; Lighter: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0040%
- Per $10,000 a day
- +$1.20
- Average in range /8h
- —
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 Deribit live order book, 33 min ago | 0.07 bp | 3.6 bp −$4 | 3.7 bp −$37 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.07 bp | 0.1 bp $0 | 1.7 bp −$17 | 18.7 bp −$1,866 | 56.5 bp −$28.2K |
QQQ price on every exchange
against the cheapest. Click to use as the short leg.Phoenix727.78cheapestOndo Perps727.99+0.029%Aevo728.06+0.039%Arcus728.24+0.063%Variational Omni728.25+0.065%
Phoenix
Ondo Perps
Aevo
Arcus
Variational OmniDeribit728.34+0.077%
KuCoin728.40+0.085%Coinbase International728.48+0.096%edgeX728.48+0.097%Orderly728.54+0.104%Gate728.70+0.126%ApeX Omni728.76+0.135%Phemex728.84+0.146%Nado728.88+0.152%BloFin728.89+0.153%Aster728.91+0.155%OKX728.95+0.161%GMX728.96+0.161%Binance728.97+0.164%
KuCoin
Coinbase International
Orderly
Gate
ApeX Omni
Phemex
Nado
BloFin
Aster
OKX
GMX
BinanceLighter729.00+0.168%
Bybit729.15+0.188%RISEx729.15+0.188%Bitget729.19+0.194%SunX729.24+0.201%HTX729.27+0.205%Lighter RH729.42+0.225%Vest730.06+0.313%
Bybit
RISEx
Bitget
SunX
HTX
Lighter RH
VestQQQ on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix QQQ | −0.077% | −0.0066% | 1h | $79K | $20K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.048% | +0.0049% | 1h | $4.2M | $1.4M | 20x | as long as short |
| Aevo QQQ-PERP | −0.038% | +0.0104% | 1h | $91K | $1K | 10x | as long as short |
| Arcus QQQ-USD | −0.014% | +0.0040% | 1h | $852K | $1.1M | 25x | as long as short |
| Variational Omni QQQ | −0.012% | +0.0044% | 8h | $17.5M | $7.3M | — | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $416K | $283K | 20x | |
| KuCoin QQQUSDTM | +0.008% | +0.0100% | 8h | $3.3M | $365K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.019% | −0.0032% | 1h | $1.3M | $580K | 20x | as long as short |
| edgeX QQQUSDC | +0.020% | −0.0123% | 4h | $744K | $331K | 20x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.027% | +0.0100% | 8h | $6K | — | 20x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate QQQ_USDT | +0.049% | 0.0000% | 8h | $2.7M | $29.3M | 50x | as long as short |
| ApeX Omni QQQUSDT | +0.058% | +0.0100% | 1h | $16K | $2.1M | 50x | as long as short |
| Phemex QQQUSDT | +0.069% | 0.0000% | 8h | $361K | $1.2M | 10x | as long as short |
| Nado QQQ-PERP | +0.075% | +0.0129% | 1h | $1.4M | $1.2M | 20x | as long as short |
| BloFin QQQ-USDT | +0.076% | +0.0120% | 8h | $994K | $424K | 20x | as long as short |
| Aster QQQUSDT | +0.078% | 0.0000% | 8h | $506K | $117K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | +0.084% | 0.0000% | 8h | $19.7M | $12.1M | 50x | as long as short |
| GMX QQQ/USD [ETH-USDC] | +0.084% | L +0.0096% / S −0.0036% | 1h | $15K | — | 26x | as long as short |
| Binance QQQUSDT | +0.086% | +0.0056% | 8h | $61.4M | $93.7M | 25x | as long as short |
| Lighter QQQshort | +0.091% | +0.0040% | 1h | $6.9M | $14.2M | 30x | |
| Bybit QQQUSDT | +0.111% | 0.0000% | 8h | $11.8M | $3.2M | 50x | as long as short |
| RISEx QQQ/USDC | +0.111% | +0.0282% | 1h | $5.6M | $7.4M | 25x | as long as short |
| Bitget QQQUSDT | +0.117% | +0.0228% | 8h | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | +0.124% | 0.0000% | 8h | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | +0.128% | 0.0000% | 8h | $261K | $14K | 30x | as long as short |
| Lighter RH QQQ | +0.148% | +0.0032% | 1h | $40.1M | $65.4M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.236% | +0.0046% | 1h | — | $348K | 50x | as long as short |