Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Lighter+0.005%7-day average +0.073% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.026%−$3 on $10k
+Price spread, last 7 days+0.117%+$12 · spread now +0.005%, 7d avg +0.073%
=Together, before fees+0.091%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$9 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 Variational Omni is 0.068% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 744.35 | 0.0032 | pay 0.0004% / 1h | 37m 28s | $7.7M | $16.3M | 30x |
| Short | Variational Omni QQQ | 744.39 | 0.0006 | get 0.0006% / 8h | 4h 37m | $17.1M | $7.5M | — |
Lighter QQQ
Variational Omni QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$5.48
- Price spread: +0.005% → +0.073%
- −$6.77
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$12.25
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
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, 6 min ago | 0.54 bp | 0.9 bp −$1 | 1.9 bp −$19 | 13.2 bp −$1,321 | 49.0 bp −$24.5K |
| Sell Variational Omni RFQ quote, 2 min ago | 1.90 bp | doesn't fit | 2.0 bp −$20 | doesn't fit | 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 | −0.0136% | 1h | 742.94 | −0.189% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0121% / S +0.0221% | 1h | 744.50 | +0.019% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.49 | +0.019% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.42 | +0.009% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | −0.008% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.026% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.91 | −0.059% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.62 | +0.036% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.079% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.047% | $257K | $29K | 30x | as long as short |
Ondo Perps QQQ-USD.P
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-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.65 | +0.040% | $360K | $1.5M | 10x | as long as short |
| Variational Omni QQQshort | +0.0006% | 8h | 744.39 | +0.005% | $17.1M | $7.5M | — | |
| BloFin QQQ-USDT | +0.0008% | 8h | 744.29 | −0.008% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.96 | −0.052% | $1.2M | $536K | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 744.35 | long leg | $7.7M | $16.3M | 30x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.75 | −0.081% | $700K | $1.6M | 25x | as long as short |
| Binance QQQUSDT | +0.0041% | 8h | 744.48 | +0.017% | $71.1M | $141.8M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.45 | +0.148% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.78 | +0.058% | $36.9M | $78.9M | 50x | as long as short |
| Nado QQQ-PERP | +0.0096% | 1h | 744.19 | −0.022% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.12 | −0.031% | $3.4M | $390K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.14 | −0.028% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.24 | −0.015% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.68 | −0.090% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0114% | 8h | 744.62 | +0.036% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.01 | −0.046% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0220% | 1h | 744.42 | +0.009% | $425K | $149K | 20x | as long as short |
| edgeX QQQUSDC | +0.0636% | 4h | 744.35 | 0.000% | $761K | $334K | 20x | as long as short |
Phemex QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Binance QQQUSDT
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC