data as of
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Price arb /

QQQ

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$9
spread now−0.068%7d average−0.063%fees + slippage, in and out−$9spread needed0.089%
Long on LighterShort on Arcus
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter QQQ739.300.0032pay 0.0004% / 1h28m 00s$8.1M$20.7M30x
ShortArcus QQQ-USD738.800.0040get 0.0005% / 1h28m 00s$763K$1.5M25x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.76
Funding while held
$0.25
Slippage, 4 orders
−$4.43
Fee Lighter: 0 bp × 2 orders
$0
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$15.44
Spread needed to break even
0.089%
Slippage from Lighter: live order book, 7 min ago; Arcus: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0008%
Per $10,000 a day
+$0.25
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 7 min ago0.07 bp0.9 bp −$12.3 bp −$2312.5 bp −$1,25048.6 bp −$24.3K
Sell Arcus live order book, 2 min ago0.07 bp4.3 bp −$44.5 bp −$457.7 bp −$768doesn't fit

QQQ price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps738.45cheapestPhoenix738.67+0.030%ApeX Omni738.78+0.045%
Arcus738.80+0.047%
Aevo738.86+0.056%Gate738.87+0.057%BloFin739.06+0.083%Nado739.07+0.084%KuCoin739.07+0.084%Variational Omni739.11+0.089%Coinbase International739.20+0.102%edgeX739.20+0.102%OKX739.23+0.106%Aster739.24+0.107%RISEx739.25+0.109%Deribit739.27+0.111%
Lighter739.30+0.115%
Orderly739.37+0.125%Bitget739.41+0.130%Binance739.45+0.135%GMX739.47+0.137%Bybit739.54+0.148%HTX739.57+0.152%Phemex739.61+0.157%Lighter RH739.62+0.158%SunX739.91+0.198%Vest740.05+0.217%

QQQ on 27 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps QQQ-USD.P−0.115%−0.0086%1h$4.2M$2.1M20xas long as short
Phoenix QQQ−0.085%+0.0227%1h$38K$74K20xas long as short
ApeX Omni QQQUSDT−0.070%+0.0100%1h$22K$2.1M50xas long as short
Arcus QQQ-USDshort−0.068%+0.0040%1h$763K$1.5M25x
Aevo QQQ-PERP−0.059%+0.0104%1h$92K$1K10xas long as short
Gate QQQ_USDT−0.058%0.0000%8h$2.9M$33.6M50xas long as short
BloFin QQQ-USDT−0.032%+0.0003%8h$1.0M$471K20xas long as short
Nado QQQ-PERP−0.031%+0.0103%1h$1.5M$1.4M20xas long as short
KuCoin QQQUSDTM−0.031%+0.0100%8h$3.4M$432K20xas long as short
Variational Omni QQQ−0.026%+0.0111%8h$17.7M$9.8M—as long as short
Show all 27 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International QQQ-PERP-INTX−0.014%+0.0048%1h$1.2M$826K20xas long as short
edgeX QQQUSDC−0.013%+0.0604%4h$756K$336K20xas long as short
OKX QQQ-USDT-SWAP−0.009%0.0000%8h$21.0M$23.6M50xas long as short
Aster QQQUSDT−0.008%+0.0055%8h$824K$522K20xas long as short
RISEx QQQ/USDC−0.006%+0.0041%1h$5.6M$8.9M25xas long as short
Deribit QQQ_USDC-PERPETUAL−0.004%+0.0088%1h$422K$309K20xas long as short
Lighter QQQlong0.000%+0.0032%1h$8.1M$20.7M30x
Orderly PERP_QQQ_USDC_mythos+0.009%+0.0100%8h$7K$15K20xas long as short
Bitget QQQUSDT+0.015%+0.0281%8h$16.6M$7.2M20xas long as short
Binance QQQUSDT+0.020%+0.0129%8h$69.7M$147.6M25xas long as short
GMX QQQ/USD [ETH-USDC]+0.022%L −0.0011% / S +0.0112%1h$23K—53xas long as short
Bybit QQQUSDT+0.032%+0.0088%8h$10.8M$5.1M50xas long as short
HTX QQQ-USDT+0.037%0.0000%8h$258K$27K30xas long as short
Phemex QQQUSDT+0.042%0.0000%8h$358K$1.2M10xas long as short
Lighter RH QQQ+0.043%+0.0032%1h$39.8M$80.4M50xas long as short
SunX QQQ-USDT+0.083%0.0000%8h$2K$2.5M10xas long as short
Vest QQQ-USD-PERP+0.101%+0.0046%1h—$619K50xas long as short