Funding you earn now, next payment 06:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.046%
Price spread now: Lighter RH against Ondo Perps+0.144%7-day average +0.194% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.354%+$35 on $10k
+Price spread, last 7 days+0.083%+$8 · spread now +0.144%, 7d avg +0.194%
=Together, before fees+0.437%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.050% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.144% now, against its 7-day average of +0.194%). If the spread goes back, that is −$5 on $10k: about 5.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.354% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps QQQ-USD.P | 741.73 | 0.0002 | pay 0.0000% / 1h | 46m 16s | $4.2M | $1.8M | 20x |
| Short | Lighter RH QQQ | 742.80 | 0.0032 | get 0.0004% / 1h | 46m 16s | $36.9M | $78.4M | 50x |
Ondo Perps QQQ-USD.P
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Ondo Perps. 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
- $6.38
- Price spread: +0.144% → +0.194%
- −$4.96
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$3.58
- Costs to cover
- 0.050%
- Break-even
- 10.9 days
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 3 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 3 min ago | 0.47 bp | 0.6 bp −$1 | 0.9 bp −$9 | 7.3 bp −$726 | doesn't fit |
Ondo Perps: 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] | L −0.0144% / S +0.0240% | 1h | 742.57 | +0.113% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.55 | +0.110% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.56 | +0.112% | $69.8M | $142.9M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.66 | +0.125% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.27 | +0.073% | $21.6M | $27.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.56 | +0.112% | $5.4M | $7.2M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.92 | +0.026% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.69 | +0.129% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.62 | +0.119% | $17.1M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.09 | +0.183% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.10 | +0.050% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | +0.151% | $252K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.86 | +0.152% | $359K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0001% | 8h | 742.26 | +0.071% | $1.1M | $246K | 20x | as long as short |
| Ondo Perps QQQ-USD.Plong | +0.0002% | 1h | 741.73 | long leg | $4.2M | $1.8M | 20x | |
| Lighter QQQ | +0.0032% | 1h | 742.42 | +0.093% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 742.80 | +0.144% | $36.9M | $78.4M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.72 | −0.001% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.49 | +0.237% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.37 | +0.086% | $424K | $151K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0077% | 8h | 742.85 | +0.151% | $319K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.24 | +0.069% | $3.4M | $349K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.32 | +0.080% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.28 | +0.074% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.76 | +0.004% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.18 | +0.060% | $1.5M | $761K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.17 | +0.059% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0971% | 4h | 742.47 | +0.100% | $759K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter 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