Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.014%
Price spread now: Binance against Lighter RH−0.015%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$110.107% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.015%, 7d avg +0.015%
=Together, before fees−0.150%+ Points / potential airdropLighter RH: Points live · farm board−$15 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 Binance is 0.030% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 741.89 | 0.0032 | pay 0.0004% / 1h | 34m 00s | $37.3M | $80.2M | 50x |
| Short | Binance QQQUSDT | 741.78 | 0.0011 | get 0.0011% / 8h | 34m 00s | $70.2M | $142.2M | 25x |
Lighter RH QQQ
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter RH. 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
- −$4.49
- Price spread: −0.015% → +0.015%
- −$3.03
- Slippage, 4 orders
- −$0.69
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.21
- Costs to cover
- 0.107%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 5 min ago; Binance: live order book, 9 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 RH live order book, 5 min ago | 0.07 bp | 0.4 bp $0 | 1.1 bp −$11 | 9.4 bp −$941 | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.07 bp | 5.1 bp −$5 | 6.1 bp −$61 | 10.9 bp −$1,093 | 26.5 bp −$13.2K |
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 | −0.0177% | 1h | 740.56 | −0.179% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0172% / S +0.0261% | 1h | 741.84 | −0.007% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0075% | 8h | 741.40 | −0.066% | $3.3M | $21.6M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 741.72 | −0.023% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.79 | −0.013% | $821K | $861K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.90 | +0.001% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.60 | −0.039% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.66 | −0.031% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.99 | +0.013% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.73 | −0.022% | $16.8M | $7.2M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 742.63 | +0.100% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.04 | +0.020% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.27 | +0.051% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDTshort | +0.0011% | 8h | 741.78 | −0.015% | $70.2M | $142.2M | 25x | |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.51 | −0.051% | $1.2M | $491K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.61 | −0.038% | $7.7M | $15.3M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 741.89 | long leg | $37.3M | $80.2M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.26 | −0.085% | $644K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.76 | +0.117% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0087% | 1h | 741.63 | −0.035% | $424K | $156K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.47 | −0.057% | $3.4M | $360K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.38 | −0.069% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.62 | −0.036% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.18 | −0.096% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0119% | 1h | 741.51 | −0.051% | $1.6M | $763K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0127% | 8h | 741.96 | +0.009% | $325K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.51 | −0.051% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0600% | 4h | 741.80 | −0.012% | $758K | $335K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC