Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.022%
Price spread now: Bitget against Lighter+0.054%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now +0.054%, 7d avg +0.104%
=Together, before fees+0.124%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.051% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.104%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 741.42 | 0.0032 | pay 0.0004% / 1h | 10m 31s | $7.7M | $15.4M | 30x |
| Short | Bitget QQQUSDT | 741.82 | 0 | get 0.0000% / 8h | 10m 31s | $16.5M | $5.3M | 20x |
Lighter QQQ
Bitget QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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
- −$6.72
- Price spread: +0.054% → +0.104%
- −$5.05
- Slippage, 4 orders
- −$2.12
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$25.89
- Costs to cover
- 0.141%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; Bitget: 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 Lighter live order book, 13 min ago | 0.34 bp | 1.1 bp −$1 | 2.3 bp −$23 | 13.2 bp −$1,315 | 48.8 bp −$24.4K |
| Sell Bitget live order book, 3 min ago | 0.07 bp | 6.4 bp −$6 | 8.7 bp −$87 | 13.6 bp −$1,356 | 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 −0.0177% / S +0.0265% | 1h | 741.66 | +0.033% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0140% | 1h | 740.49 | −0.125% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0093% | 8h | 741.21 | −0.028% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0008% | 8h | 741.40 | −0.003% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.75 | +0.045% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.73 | +0.042% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.54 | +0.016% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.50 | +0.011% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDTshort | 0.0000% | 8h | 741.82 | +0.054% | $16.5M | $5.3M | 20x | |
| Variational Omni QQQ | 0.0000% | 8h | 741.57 | +0.021% | $16.8M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 742.02 | +0.081% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.93 | +0.069% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.01 | +0.080% | $361K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.15 | −0.036% | $1.2M | $488K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 741.78 | +0.049% | $70.3M | $140.9M | 25x | as long as short |
| edgeX QQQUSDC | +0.0027% | 4h | 741.76 | +0.046% | $758K | $337K | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 741.42 | long leg | $7.7M | $15.4M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 741.75 | +0.045% | $37.3M | $81.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.88 | −0.073% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.68 | +0.170% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.20 | −0.030% | $3.4M | $352K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.53 | +0.015% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.37 | −0.007% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.93 | −0.066% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0140% | 1h | 741.12 | −0.041% | $1.6M | $745K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0143% | 8h | 742.13 | +0.096% | $315K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0155% | 1h | 741.31 | −0.015% | $423K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.64 | +0.030% | $38K | $65K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
edgeX QQQUSDC
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ