Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.017%
Price spread now: OKX against Lighter−0.005%7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$120.118% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 7 days+0.103%+$10 · spread now −0.005%, 7d avg +0.081%
=Together, before fees+0.049%+ Points / potential airdropLighter: Season 3 · farm board+$5 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 OKX is 0.086% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.081%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 744.12 | 0.0032 | pay 0.0004% / 1h | 10m 54s | $7.7M | $16.4M | 30x |
| Short | OKX QQQ-USDT-SWAP | 744.08 | 0 | get 0.0000% / 8h | 4h 10m | $21.5M | $26.9M | 50x |
Lighter QQQ
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.005% → +0.081%
- −$8.65
- Slippage, 4 orders
- −$1.76
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$27.12
- Costs to cover
- 0.118%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; OKX: 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, 8 min ago | 0.67 bp | 0.9 bp −$1 | 2.0 bp −$20 | 12.2 bp −$1,219 | 48.5 bp −$24.2K |
| Sell OKX live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 7.0 bp −$70 | 13.2 bp −$1,321 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0135% | 1h | 743.24 | −0.118% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0127% / S +0.0226% | 1h | 744.25 | +0.017% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | 0.0000% | 8h | 744.14 | +0.003% | $1.1M | $261K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.24 | +0.016% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.30 | +0.024% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 744.08 | −0.005% | $21.5M | $26.9M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.35 | +0.031% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.73 | −0.052% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.37 | +0.034% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | −0.002% | $17.1M | $7.4M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
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 | 744.70 | +0.078% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.071% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.85 | +0.098% | $362K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.043% | $1.2M | $536K | 20x | as long as short |
| Binance QQQUSDT | +0.0025% | 8h | 744.28 | +0.022% | $71.0M | $141.6M | 25x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 744.12 | long leg | $7.7M | $16.4M | 30x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.62 | −0.067% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.20 | +0.145% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.51 | +0.052% | $37.0M | $79.8M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0086% | 1h | 744.00 | −0.016% | $425K | $150K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0092% | 8h | 744.39 | +0.036% | $324K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0094% | 1h | 743.89 | −0.030% | $1.5M | $839K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.94 | −0.024% | $3.4M | $362K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.90 | −0.030% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.99 | −0.017% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.42 | −0.094% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.93 | −0.026% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0627% | 4h | 744.18 | +0.009% | $761K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC