Funding you earn now, next payment 00:00 UTC−0.0383%/8h= −41.9% APRpaid last 24h +0.090%
Price spread now: Lighter against edgeX−0.007%79s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.183% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 3 days (all we have)−0.056%−$6 · spread now −0.007%, 7d avg −0.011%
=Together, before fees−0.026%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX QQQUSDC | 743.32 | 0.0447 | pay 0.0223% / 4h | 19m 52s | $760K | $336K | 20x |
| Short | Lighter QQQ | 743.27 | 0.0064 | get 0.0008% / 1h | 19m 52s | $7.6M | $20.9M | 30x |
edgeX QQQUSDC
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$80.38
- Price spread: −0.007% → −0.011%
- $0.35
- Slippage, 4 orders
- −$9.28
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$98.32
- Costs to cover
- 0.183%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 59 min ago; Lighter: live order book, 4 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 edgeX live order book, 59 min ago | 4.11 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.47 bp | 0.5 bp $0 | 1.5 bp −$15 | 21.9 bp −$2,190 | 62.4 bp −$31.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0075% / S +0.0185% | 1h | 743.42 | +0.014% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0006% | 1h | 741.59 | −0.233% | $4.2M | $2.1M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | +0.005% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.21 | −0.015% | $21.6M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.06 | −0.035% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.81 | +0.066% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | −0.026% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.98 | +0.088% | $361K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0014% | 8h | 743.09 | −0.031% | $1.1M | $320K | 20x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.61 | +0.039% | $37.5M | $80.3M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.65 | −0.090% | $694K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.89 | +0.076% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.32 | 0.000% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQshort | +0.0064% | 1h | 743.27 | −0.007% | $7.6M | $20.9M | 30x | |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.85 | −0.064% | $1.2M | $865K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 743.13 | −0.026% | $425K | $164K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.41 | +0.011% | $71.1M | $160.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.01 | −0.042% | $3.4M | $416K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.93 | −0.053% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.10 | −0.030% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0102% | 8h | 743.37 | +0.006% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.68 | −0.087% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0174% | 1h | 742.99 | −0.045% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0184% | 8h | 743.47 | +0.020% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0190% | 8h | 743.54 | +0.029% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.53 | +0.028% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.09 | −0.031% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0447% | 4h | 743.32 | long leg | $760K | $336K | 20x |
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ