Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.022%
Price spread now: Lighter against RISEx+0.019%54s7-day average −0.089% · 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—prices read too far apart to compare
costs, in and out, $10k−$120.120% of the position
Funding, last 4 days (all we have)−0.143%−$14 on $10k
+Price spread, last 7 days−0.141%−$14 · spread now +0.019%, 7d avg −0.089%
=Together, before fees−0.283%+ Points / potential airdropLighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.108% dearer against RISEx than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.089%. Mind the row above: over the last 4 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour. 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 | RISEx QQQ/USDC | 741.40 | 0 | get 0.0000% / 1h | 51m 42s | $5.4M | $6.3M | 25x |
| Short | Lighter QQQ | 741.54 | 0.0032 | get 0.0004% / 1h | 51m 42s | $7.7M | $15.2M | 30x |
RISEx QQQ/USDC
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against RISEx. 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: +0.019% → −0.089%
- $10.81
- Slippage, 4 orders
- −$6.05
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $5.48
- Costs to cover
- 0.120%
- Break-even
- 1.3 days
Slippage from RISEx: live order book, 2 min ago; Lighter: live order book, 7 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 RISEx live order book, 2 min ago | 2.29 bp | 5.3 bp −$5 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.54 bp | 0.5 bp −$1 | 1.5 bp −$15 | 15.1 bp −$1,507 | 53.8 bp −$26.9K |
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 −0.0168% / S +0.0258% | 1h | 741.67 | +0.037% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0129% | 1h | 740.39 | −0.136% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0067% | 8h | 741.25 | −0.020% | $3.3M | $21.6M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.73 | +0.045% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.68 | +0.038% | $10.5M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.58 | +0.024% | $21.4M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDClong | 0.0000% | 1h | 741.40 | long leg | $5.4M | $6.3M | 25x | |
| Bitget QQQUSDT | 0.0000% | 8h | 742.02 | +0.084% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.69 | +0.039% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.39 | +0.134% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 741.94 | +0.073% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.38 | +0.132% | $362K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0004% | 8h | 741.76 | +0.049% | $70.0M | $143.1M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.12 | −0.038% | $1.2M | $486K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0019% | 8h | 741.48 | +0.011% | $1.1M | $270K | 20x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 741.54 | +0.019% | $7.7M | $15.2M | 30x | |
| Lighter RH QQQ | +0.0040% | 1h | 741.90 | +0.068% | $37.2M | $79.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.96 | −0.059% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.60 | +0.162% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.32 | −0.011% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.27 | −0.017% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.33 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.86 | −0.072% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0109% | 1h | 741.21 | −0.025% | $1.6M | $760K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0121% | 8h | 741.93 | +0.071% | $325K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.27 | −0.017% | $38K | $65K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0263% | 1h | 741.45 | +0.007% | $424K | $155K | 20x | as long as short |
| edgeX QQQUSDC | +0.0362% | 4h | 741.67 | +0.036% | $758K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC