Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.022%
Price spread now: RISEx against Lighter RH−0.063%54s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$80.077% of the position
Funding, last 4 days (all we have)+0.159%+$16 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.063%, 7d avg +0.021%
=Together, before fees+0.175%+ Points / potential airdropLighter RH: Points live · farm board+$18 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 0.085% cheaper against Lighter RH than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.159%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 742.18 | 0.0032 | pay 0.0004% / 1h | 15m 48s | $38.4M | $78.2M | 50x |
| Short | RISEx QQQ/USDC | 741.71 | 0 | get 0.0000% / 1h | 15m 48s | $5.4M | $5.8M | 25x |
Lighter RH QQQ
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Lighter RH. 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: −0.063% → +0.021%
- −$8.47
- Slippage, 4 orders
- −$1.72
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$22.91
- Costs to cover
- 0.077%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 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 RH live order book, 6 min ago | 0.27 bp | 0.6 bp −$1 | 1.5 bp −$15 | 10.7 bp −$1,067 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.07 bp | 3.1 bp −$3 | 3.7 bp −$37 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0200% / S +0.0283% | 1h | 742.03 | −0.020% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0109% | 1h | 740.49 | −0.228% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.98 | −0.027% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.80 | −0.051% | $21.7M | $29.7M | 50x | as long as short |
| RISEx QQQ/USDCshort | 0.0000% | 1h | 741.71 | −0.063% | $5.4M | $5.8M | 25x | |
| Gate QQQ_USDT | 0.0000% | 8h | 741.61 | −0.077% | $3.5M | $20.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.84 | −0.046% | $16.7M | $5.4M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.26 | +0.011% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.83 | −0.047% | $251K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.29 | +0.015% | $362K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0017% | 8h | 741.53 | −0.088% | $1.1M | $227K | 20x | as long as short |
| Variational Omni QQQ | +0.0028% | 8h | 741.87 | −0.042% | $16.8M | $7.2M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.70 | −0.065% | $7.5M | $15.0M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 742.18 | long leg | $38.4M | $78.2M | 50x | |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.31 | −0.117% | $1.2M | $528K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.11 | −0.144% | $648K | $1.4M | 25x | as long as short |
| Bybit QQQUSDT | +0.0044% | 8h | 742.14 | −0.005% | $10.6M | $4.9M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.87 | +0.093% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0054% | 8h | 742.03 | −0.021% | $71.1M | $141.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.56 | −0.084% | $3.4M | $447K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.16 | −0.137% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.67 | −0.069% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0101% | 1h | 741.69 | −0.066% | $424K | $125K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.13 | −0.141% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0116% | 1h | 741.44 | −0.100% | $1.6M | $795K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0193% | 8h | 741.90 | −0.038% | $321K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0276% | 4h | 741.57 | −0.083% | $758K | $336K | 20x | as long as short |
| Phoenix QQQ | +0.0280% | 1h | 741.34 | −0.113% | $38K | $59K | 20x | as long as short |
BloFin QQQ-USDT
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Bybit QQQUSDT
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Deribit QQQ_USDC-PERPETUAL
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ