QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h −0.016%

Price spread now: Phoenix against Lighter−0.035%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

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

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

Funding pays, the price is against you. Phoenix is 0.035% cheaper against Lighter than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.136% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter QQQ	744.30	0.0032	pay 0.0004% / 1h	55m 10s	$7.7M	$17.1M	30x
Short	Phoenix QQQ	744.04	0.0183	get 0.0023% / 1h	55m 10s	$38K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.035%Rate

Funding earned: $31.64
Price spread: −0.035% → 0.000%: −$3.49
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $21.15
Costs to cover: 0.070%
Break-even: 2.3 days

Slippage unknown: Lighter: live order book, 8 min ago; Phoenix: 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	0.61 bp	0.6 bp −$1	1.3 bp −$13	12.2 bp −$1,216	47.1 bp −$23.6K
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 27 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 −0.0105% / S +0.0209%	1h	744.50	+0.028%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.40	+0.014%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.54	+0.032%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.46	+0.021%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.52	+0.029%	$5.4M	$7.9M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.07	−0.031%	$3.3M	$20.2M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.57	+0.036%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.94	+0.086%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.72	+0.056%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.76	+0.062%	$358K	$1.4M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps QQQ-USD.P	+0.0011%	1h	743.51	−0.106%	$4.2M	$1.9M	20x	as long as short
Lighter QQQlong	+0.0032%	1h	744.30	long leg	$7.7M	$17.1M	30x
Lighter RH QQQ	+0.0032%	1h	744.72	+0.056%	$37.4M	$78.3M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.88	−0.056%	$1.2M	$532K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.50	−0.107%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.44	+0.153%	—	$337K	50x	as long as short
edgeX QQQUSDC	+0.0046%	4h	744.33	+0.004%	$761K	$333K	20x	as long as short
Variational Omni QQQ	+0.0052%	8h	744.38	+0.011%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0076%	8h	744.51	+0.028%	$71.2M	$144.7M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.11	−0.026%	$3.4M	$413K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.08	−0.030%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.17	−0.017%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.70	−0.081%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0107%	1h	744.13	−0.023%	$1.5M	$923K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0140%	1h	744.28	−0.003%	$425K	$149K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0172%	8h	744.62	+0.043%	$322K	$1.9M	10x	as long as short
Phoenix QQQshort	+0.0183%	1h	744.04	−0.035%	$38K	$66K	20x