Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.010%
Price spread now: Lighter against Orderly+0.020%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.020% dearer against Orderly than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_QQQ_USDC_mythos | 742.85 | 0.0100 | pay 0.0100% / 8h | 3h 22m | $12K | $21K | 20x |
| Short | Lighter QQQ | 743.00 | 0.0032 | get 0.0004% / 1h | 22m 00s | $7.7M | $15.8M | 30x |
Orderly PERP_QQQ_USDC_mythos
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- −$14.28
- Price spread: +0.020% → 0.000%
- $2.02
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$18.26
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 7 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 7 min ago | 0.61 bp | 0.7 bp −$1 | 1.5 bp −$15 | 18.5 bp −$1,846 | 61.2 bp −$30.6K |
Orderly: 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 −0.0137% / S +0.0234% | 1h | 743.13 | +0.037% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0039% | 1h | 741.81 | −0.140% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.05 | +0.027% | $840K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.10 | +0.033% | $70.5M | $142.1M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.09 | +0.032% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.89 | +0.005% | $21.5M | $27.2M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.45 | −0.054% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.33 | +0.065% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.08 | +0.031% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.48 | +0.085% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
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 | 742.64 | −0.028% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.17 | +0.043% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.29 | +0.059% | $363K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.19 | +0.046% | $5.4M | $7.3M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 742.86 | +0.001% | $424K | $151K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0028% | 8h | 743.11 | +0.035% | $1.1M | $256K | 20x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 743.00 | +0.020% | $7.7M | $15.8M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 743.40 | +0.074% | $37.0M | $79.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.28 | −0.077% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.99 | +0.153% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0067% | 8h | 743.31 | +0.062% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0078% | 1h | 742.69 | −0.021% | $1.5M | $746K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.86 | +0.001% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.98 | +0.018% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythoslong | +0.0100% | 8h | 742.85 | long leg | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.21 | −0.086% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.83 | −0.003% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0886% | 4h | 743.23 | +0.052% | $760K | $334K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL
BloFin QQQ-USDT
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC