Lighter Robinhoodvs
QFEX
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 21 liquid markets shared by Lighter Robinhood and QFEX, the best funding setup over the past 7 days is $NVDA (long QFEX, short Lighter Robinhood): it paid 24.3% APR, 13.8% after costs, and held 75% of the time.
21 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
| Coin | Long | Short | 7d avg | After costs | Holds | Pays back | |
|---|---|---|---|---|---|---|---|
| $NVDA | QFEX | Lighter Robinhood | 24.3% now 43.5% | 13.8% | 75% | 3 d | Backtest β |
| $CRCL | QFEX | Lighter Robinhood | 18.4% now 28.9% | 8.0% | 74% | 4 d | Backtest β |
| $SNDK | QFEX | Lighter Robinhood | 16.4% now 2.2% | 6.0% | 67% | 4 d | Backtest β |
| $MU | QFEX | Lighter Robinhood | 10.8% now 2.8% | 0.4% | 77% | 7 d | Backtest β |
| $INTC | QFEX | Lighter Robinhood | 10.8% now 1.9% | 0.3% | 77% | 7 d | Backtest β |
| $SPACEX | QFEX | Lighter Robinhood | 10.5% now 3.3% | 0.1% | 51% | 7 d | Backtest β |
| $OPENAI | Lighter Robinhood | QFEX | 9.9% now -3.5% | -0.5% | 51% | 7 d | Backtest β |
| $GOOGL | QFEX | Lighter Robinhood | 8.7% now 9.4% | -1.7% | 50% | 8 d | Backtest β |
| $BABA | QFEX | Lighter Robinhood | 7.0% now 23.0% | -3.4% | 54% | 10 d | Backtest β |
| $AMD | QFEX | Lighter Robinhood | 6.8% now 4.6% | -3.6% | 43% | 11 d | Backtest β |
| $MSFT | QFEX | Lighter Robinhood | 5.6% now 2.3% | -4.8% | 26% | 13 d | Backtest β |
| $META | QFEX | Lighter Robinhood | 5.5% now -0.1% | -4.9% | 38% | 13 d | Backtest β |
| $COIN | QFEX | Lighter Robinhood | 5.2% now 4.1% | -5.2% | 50% | 14 d | Backtest β |
| $AMZN | QFEX | Lighter Robinhood | 5.2% now 4.0% | -5.2% | 32% | 14 d | Backtest β |
| $TSLA | QFEX | Lighter Robinhood | 4.0% now 3.7% | -6.5% | 43% | 18 d | Backtest β |
β7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| Lighter Robinhood | QFEX | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0%β | 0.1% |
| Maker fee | 0%β | 0.05% |
| Open Interest | $185.2Mβ | $182.5M |
| 24h Volume | $679.7Mβ | $586.9M |
| Avg Funding APR | 12.52% | -0.26% |
| Markets | 67 | 224β |
| Airdrop / token | Points Active | β |
Lighter Robinhood and QFEX are both perpetual-futures venues tracked on ORBIT. On fees, Lighter Robinhood is cheaper (0% vs 0.1% taker). On liquidity, Lighter Robinhood is deeper with $185.2M open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Lighter Robinhood and QFEX diverge right now, then verify the pair in the backtester.
How this pair behaves
Of 15 setups between Lighter Robinhood and QFEX with 7 days of payouts, 6 stay positive after entry and exit costs. In a typical setup the spread keeps its sign and at least 5% APR 51% of the hours. Opening and closing both legs costs a median 0.20% of the position, paid back in about 8 days. The instantaneous rate is often higher than the weekly one: pick by the "7d avg" and "After costs" columns, not by the current APR.
Related venue pairs
Frequently asked questions
- Which funding setup between Lighter Robinhood and QFEX pays most?
- Across 21 liquid markets shared by Lighter Robinhood and QFEX, the best funding setup over the past 7 days is $NVDA (long QFEX, short Lighter Robinhood): it paid 24.3% APR, 13.8% after costs, and held 75% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Lighter Robinhood or QFEX cheaper?
- Lighter Robinhood charges 0% taker / 0% maker; QFEX charges 0.1% taker / 0.05% maker. Lighter Robinhood has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Lighter Robinhood or QFEX?
- Lighter Robinhood has $185.2M open interest across 67 markets; QFEX has $182.5M across 224. Lighter Robinhood is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Lighter Robinhood and QFEX?
- Yes β when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.