Funding you earn now, next payment 08:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.027%
Price spread now: Lighter RH against Nado+0.089%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$120.123% of the position
Funding, last 4 days (all we have)−0.005%$0 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now +0.089%, 7d avg +0.013%
=Together, before fees−0.046%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.076% dearer against Nado than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.013%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 4 days (−0.005% in total) that is about 55 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado QQQ-PERP | 741.38 | 0.0139 | pay 0.0017% / 1h | 4m 14s | $1.6M | $746K | 20x |
| Short | Lighter RH QQQ | 742.04 | 0.0032 | get 0.0004% / 1h | 4m 14s | $37.4M | $81.7M | 50x |
Nado QQQ-PERP
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Nado. 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
- −$22.39
- Price spread: +0.089% → +0.013%
- $7.62
- Slippage, 4 orders
- −$5.33
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$27.1
- Costs to cover
- 0.123%
- Break-even
- never at this rate
Slippage from Nado: live order book, 4 min ago; Lighter RH: 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 Nado live order book, 4 min ago | 0.07 bp | 6.1 bp −$6 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 0.07 bp | 1.0 bp −$1 | 1.6 bp −$16 | 9.6 bp −$963 | 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 −0.0178% / S +0.0266% | 1h | 741.92 | +0.074% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0112% | 1h | 740.83 | −0.074% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0095% | 8h | 741.30 | −0.010% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0003% | 8h | 741.56 | +0.025% | $1.1M | $275K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.83 | +0.062% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.86 | +0.065% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.57 | +0.026% | $21.5M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.62 | +0.033% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.94 | +0.076% | $16.5M | $5.3M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.74 | +0.050% | $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
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 | 742.23 | +0.115% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.03 | +0.088% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.22 | +0.114% | $359K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.19 | −0.025% | $1.2M | $487K | 20x | as long as short |
| Binance QQQUSDT | +0.0026% | 8h | 741.89 | +0.069% | $70.3M | $140.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.70 | +0.044% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 742.04 | +0.089% | $37.4M | $81.7M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 740.90 | −0.064% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.81 | +0.193% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.41 | +0.005% | $3.4M | $357K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.25 | −0.017% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.59 | +0.029% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.09 | −0.039% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERPlong | +0.0139% | 1h | 741.38 | long leg | $1.6M | $746K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0145% | 8h | 741.92 | +0.073% | $314K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0182% | 1h | 741.72 | +0.046% | $424K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.45 | +0.010% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0684% | 4h | 741.62 | +0.033% | $758K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC