Lighter Robinhoodvs
QFEX
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 22 liquid markets shared by Lighter Robinhood and QFEX, no setup covered entry and exit over the past 7 days: the best, $XAU (long QFEX, short Lighter Robinhood), paid 6.9% APR over 7 days, -3.5% after costs.
22 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
QFEXLighter Robinhood“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| Lighter Robinhood | QFEX | |
|---|---|---|
| Type | DEX | CEX |
| Taker fee | 0%✓ | 0.1% |
| Maker fee | 0%✓ | 0.05% |
| Open Interest | $210.1M✓ | $141.9M |
| 24h Volume | $432.2M✓ | $256.7M |
| Avg Funding APR | 7.64% | -0.01% |
| Markets | 52 | 102✓ |
| Airdrop / token | Points Active | — |
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 $210.1M open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — 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.
Frequently asked questions
- Which funding setup between Lighter Robinhood and QFEX pays most?
- Across 22 liquid markets shared by Lighter Robinhood and QFEX, no setup covered entry and exit over the past 7 days: the best, $XAU (long QFEX, short Lighter Robinhood), paid 6.9% APR over 7 days, -3.5% after costs. 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 $210.1M open interest across 52 markets; QFEX has $141.9M across 102. Lighter Robinhood is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Lighter Robinhood and QFEX?
- Yes — 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.