Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.018%
Price spread now: KuCoin against Lighter RH−0.083%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$250.246% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now −0.083%, 7d avg −0.043%
=Together, before fees+0.036%+ Points / potential airdropLighter RH: Points live · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.041% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.043%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 744.74 | 0.0048 | pay 0.0006% / 1h | 32m 50s | $36.9M | $79.0M | 50x |
| Short | KuCoin QQQUSDTM | 744.12 | 0.0100 | get 0.0100% / 8h | 4h 32m | $3.4M | $386K | 20x |
Lighter RH QQQ
KuCoin QQQUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $10.92
- Price spread: −0.083% → −0.043%
- −$4.06
- Slippage, 4 orders
- −$12.59
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$17.74
- Costs to cover
- 0.246%
- Break-even
- 18.4 days
Slippage from Lighter RH: live order book, 6 min ago; KuCoin: live order book, 5 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, 6 min ago | 0.07 bp | 0.1 bp $0 | 0.7 bp −$7 | 6.7 bp −$670 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 1.54 bp | 13.8 bp −$14 | 115.6 bp −$1,156 | 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 | −0.0148% | 1h | 743.21 | −0.205% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0122% / S +0.0222% | 1h | 744.47 | −0.037% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0023% | 8h | 744.29 | −0.060% | $1.1M | $271K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.46 | −0.037% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.37 | −0.050% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | −0.060% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | −0.027% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.83 | −0.122% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.61 | −0.017% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.91 | +0.023% | $2K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.81 | +0.009% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.78 | +0.005% | $363K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0002% | 8h | 744.38 | −0.048% | $17.1M | $7.5M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.96 | −0.105% | $1.2M | $536K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.27 | −0.063% | $7.7M | $16.3M | 30x | as long as short |
| Binance QQQUSDT | +0.0039% | 8h | 744.46 | −0.038% | $71.1M | $141.7M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.77 | −0.130% | $700K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.46 | +0.097% | — | $337K | 50x | as long as short |
| Lighter RH QQQlong | +0.0048% | 1h | 744.74 | long leg | $36.9M | $79.0M | 50x | |
| Nado QQQ-PERP | +0.0096% | 1h | 744.09 | −0.087% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 744.12 | −0.083% | $3.4M | $386K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.09 | −0.087% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.19 | −0.074% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.65 | −0.147% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0110% | 8h | 744.58 | −0.021% | $324K | $1.9M | 10x | as long as short |
| edgeX QQQUSDC | +0.0111% | 4h | 744.37 | −0.050% | $761K | $335K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.01 | −0.098% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0315% | 1h | 744.41 | −0.044% | $425K | $149K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Nado QQQ-PERP
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL