QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0245%/8h= −26.8% APRnext payment −$0.31 per $10,000 · paid last 24h −0.045%

Price spread now: GMX against Lighter+0.029%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. GMX is 0.029% dearer against Lighter than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter QQQ	744.09	0.0032	pay 0.0004% / 1h	30m 39s	$7.7M	$17.1M	30x
Short	GMX QQQ/USD [ETH-USDC]	744.30	L −0.0110% / S +0.0213%	pay 0.0027% / 1h	30m 39s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$51.41
Price spread: +0.029% → 0.000%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$60.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.

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 live order book, 8 min ago	0.40 bp	0.4 bp $0	1.2 bp −$12	12.6 bp −$1,256	46.4 bp −$23.2K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −0.0110% / S +0.0213%	1h	744.30	+0.029%	$25K	—	26x
Ondo Perps QQQ-USD.P	−0.0046%	1h	742.96	−0.152%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0019%	8h	744.22	+0.017%	$1.1M	$303K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.36	+0.036%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.41	+0.043%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.28	+0.026%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.35	+0.036%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.83	−0.035%	$3.3M	$21.1M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.39	+0.040%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.79	+0.094%	$2K	$2.0M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	744.48	+0.052%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.68	+0.079%	$360K	$1.5M	10x	as long as short
Lighter QQQlong	+0.0032%	1h	744.09	long leg	$7.7M	$17.1M	30x
Lighter RH QQQ	+0.0032%	1h	744.54	+0.060%	$37.3M	$79.3M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.51	−0.078%	$1.2M	$535K	20x	as long as short
Variational Omni QQQ	+0.0035%	8h	744.15	+0.008%	$17.1M	$7.5M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.24	−0.114%	$694K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.24	+0.155%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0065%	8h	744.30	+0.028%	$71.2M	$143.5M	25x	as long as short
Nado QQQ-PERP	+0.0091%	1h	743.91	−0.024%	$1.5M	$925K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.98	−0.015%	$3.4M	$407K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.86	−0.031%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.05	−0.005%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.47	−0.084%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.10	+0.001%	$425K	$149K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0146%	8h	744.35	+0.036%	$319K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0161%	1h	743.88	−0.028%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0872%	4h	744.12	+0.004%	$761K	$335K	20x	as long as short