Funding you earn now, next payment 05:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h −0.044%
Price spread now: Lighter RH against RISEx0.000%54s7-day average −0.021% · 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−$90.086% of the position
Funding, last 4 days (all we have)−0.161%−$16 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now 0.000%, 7d avg −0.021%
=Together, before fees−0.102%+ Points / potential airdropLighter RH: Points live · farm board−$10 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 RH is 0.021% dearer against RISEx than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 4 days funding on this pair cost −0.161%, 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 | 743.31 | 0.0010 | pay 0.0001% / 1h | 14m 48s | $5.4M | $7.3M | 25x |
| Short | Lighter RH QQQ | 743.31 | 0.0032 | get 0.0004% / 1h | 14m 48s | $37.0M | $79.4M | 50x |
RISEx QQQ/USDC
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $4.61
- Price spread: 0.000% → −0.021%
- $2.08
- Slippage, 4 orders
- −$2.56
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$1.88
- Costs to cover
- 0.086%
- Break-even
- 9.9 days
Slippage from RISEx: live order book, 4 min ago; Lighter RH: live order book, 4 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, 4 min ago | 0.07 bp | 3.1 bp −$3 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 0.20 bp | 0.3 bp $0 | 1.2 bp −$12 | 7.7 bp −$765 | 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 −0.0138% / S +0.0235% | 1h | 743.25 | −0.007% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0026% | 8h | 743.10 | −0.028% | $1.1M | $246K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0022% | 1h | 742.45 | −0.115% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.84 | −0.063% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.10 | −0.028% | $70.2M | $142.8M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.11 | −0.027% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.97 | −0.045% | $21.5M | $27.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.51 | −0.107% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.29 | −0.002% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.13 | −0.023% | $17.1M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.72 | +0.055% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.78 | −0.071% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.43 | +0.016% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.48 | +0.023% | $361K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDClong | +0.0010% | 1h | 743.31 | long leg | $5.4M | $7.3M | 25x | |
| Lighter QQQ | +0.0032% | 1h | 742.93 | −0.051% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 743.31 | 0.000% | $37.0M | $79.4M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.30 | −0.136% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.14 | +0.112% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0067% | 8h | 743.40 | +0.012% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0084% | 1h | 742.85 | −0.062% | $1.5M | $757K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.84 | −0.063% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.84 | −0.063% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.97 | −0.045% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.40 | −0.122% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.48 | −0.111% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 743.04 | −0.036% | $424K | $151K | 20x | as long as short |
| edgeX QQQUSDC | +0.0856% | 4h | 743.06 | −0.033% | $760K | $336K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC