Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.035%
Price spread now: RISEx against Lighter+0.022%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$100.099% of the position
Funding, last 4 days (all we have)+0.143%+$14 on $10k
+Price spread, last 7 days+0.091%+$9 · spread now +0.022%, 7d avg +0.090%
=Together, before fees+0.234%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.068% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.090%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.143%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 742.07 | 0.0032 | pay 0.0004% / 1h | 23m 31s | $7.7M | $15.7M | 30x |
| Short | RISEx QQQ/USDC | 742.23 | 0 | get 0.0000% / 1h | 23m 31s | $5.4M | $6.8M | 25x |
Lighter QQQ
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Lighter. 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
- −$6.72
- Price spread: +0.022% → +0.090%
- −$6.82
- Slippage, 4 orders
- −$3.91
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$23.45
- Costs to cover
- 0.099%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; RISEx: live order book, 1 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 Lighter live order book, 5 min ago | 0.81 bp | 0.9 bp −$1 | 2.1 bp −$21 | 14.6 bp −$1,464 | 52.5 bp −$26.3K |
| Sell RISEx live order book, 1 min ago | 0.20 bp | 4.3 bp −$4 | 5.0 bp −$50 | doesn't fit | doesn't fit |
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 −0.0149% / S +0.0243% | 1h | 742.30 | +0.032% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 741.73 | −0.046% | $1.1M | $277K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.13 | +0.008% | $823K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.28 | +0.028% | $69.7M | $144.0M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.22 | +0.020% | $10.6M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.02 | −0.007% | $21.6M | $28.1M | 50x | as long as short |
| RISEx QQQ/USDCshort | 0.0000% | 1h | 742.23 | +0.022% | $5.4M | $6.8M | 25x | |
| Gate QQQ_USDT | 0.0000% | 8h | 741.67 | −0.054% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.38 | +0.042% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.86 | −0.028% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.81 | +0.100% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 741.53 | −0.073% | $1.2M | $540K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.015% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.47 | +0.054% | $359K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0024% | 1h | 740.88 | −0.160% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 742.07 | long leg | $7.7M | $15.7M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.44 | +0.050% | $36.8M | $80.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.09 | −0.132% | $690K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.19 | +0.151% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0074% | 1h | 742.01 | −0.008% | $424K | $152K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0083% | 8h | 742.21 | +0.019% | $320K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.78 | −0.039% | $3.4M | $358K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.54 | −0.071% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.94 | −0.018% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.43 | −0.087% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 741.96 | −0.015% | $1.5M | $765K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 741.58 | −0.066% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0806% | 4h | 741.79 | −0.038% | $758K | $334K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC