Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: SunX against Lighter RH+0.034%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.034%, 7d avg +0.068%
=Together, before fees−0.073%+ Points / potential airdropLighter RH: Points live · farm board−$7 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 SunX is 0.034% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 742.86 | 0.0032 | pay 0.0004% / 1h | 48m 11s | $36.9M | $78.3M | 50x |
| Short | SunX QQQ-USDT | 743.11 | 0 | get 0.0000% / 8h | 2h 48m | $2K | $1.9M | 10x |
Lighter RH QQQ
SunX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.034% → +0.068%
- −$3.42
- Slippage, 4 orders
- −$56.24
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$74.38
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; SunX: live order book, 8 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 | 0.14 bp | 0.2 bp $0 | 0.6 bp −$6 | 7.3 bp −$726 | doesn't fit |
| Sell SunX live order book, 8 min ago | 21.60 bp | 38.0 bp −$38 | doesn't fit | 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 −0.0144% / S +0.0239% | 1h | 742.63 | −0.030% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0014% | 1h | 741.28 | −0.213% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0003% | 8h | 742.40 | −0.062% | $1.1M | $246K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.61 | −0.034% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.62 | −0.032% | $69.9M | $143.0M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.77 | −0.012% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.40 | −0.062% | $21.6M | $27.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.63 | −0.031% | $5.4M | $7.0M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.94 | −0.124% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.75 | −0.015% | $16.6M | $5.7M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | 0.0000% | 8h | 742.62 | −0.033% | $17.1M | $7.2M | — | as long as short |
| SunX QQQ-USDTshort | 0.0000% | 8h | 743.11 | +0.034% | $2K | $1.9M | 10x | |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.30 | −0.075% | $424K | $151K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.10 | −0.102% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.63 | −0.031% | $252K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.74 | −0.016% | $359K | $1.6M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.51 | −0.047% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 742.86 | long leg | $36.9M | $78.3M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.73 | −0.152% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.56 | +0.094% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0077% | 8h | 742.85 | −0.002% | $319K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.29 | −0.077% | $3.4M | $349K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.32 | −0.073% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.33 | −0.071% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.85 | −0.136% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.17 | −0.093% | $1.5M | $764K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.29 | −0.077% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0535% | 4h | 742.62 | −0.032% | $759K | $335K | 20x | as long as short |
Variational Omni QQQ
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC