Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.017%
Price spread now: Lighter against SunX−0.140%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.140%, 7d avg −0.077%
=Together, before fees+0.066%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.063% cheaper against SunX than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.077%). If the spread goes back, that is −$6 on $10k: about 6.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX QQQ-USDT | 743.83 | 0 | get 0.0000% / 8h | 5h 52m | $2K | $1.6M | 10x |
| Short | Lighter QQQ | 742.79 | 0.0032 | get 0.0004% / 1h | 52m 34s | $7.4M | $15.4M | 30x |
SunX QQQ-USDT
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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: −0.140% → −0.077%
- −$6.3
- Slippage, 4 orders
- −$57.67
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$65.25
- Costs to cover
- 0.657%
- Break-even
- 75.0 days
Slippage from SunX: live order book, 6 min ago; Lighter: 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 SunX live order book, 6 min ago | 21.65 bp | 25.6 bp −$26 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.74 bp | 0.9 bp −$1 | 10.9 bp −$109 | 23.5 bp −$2,354 | 64.4 bp −$32.2K |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.42 | −0.054% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0059% | 1h | 741.71 | −0.285% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0016% | 8h | 743.10 | −0.098% | $1.1M | $236K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.43 | −0.054% | $857K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.21 | −0.083% | $21.8M | $30.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.19 | −0.086% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.98 | −0.114% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.51 | −0.043% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDTlong | 0.0000% | 8h | 743.83 | long leg | $2K | $1.6M | 10x | |
| HTX QQQ-USDT | 0.0000% | 8h | 743.65 | −0.024% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 743.79 | −0.005% | $361K | $1.6M | 10x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 742.79 | −0.140% | $7.4M | $15.4M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 743.42 | −0.055% | $38.6M | $76.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.87 | −0.129% | $1.2M | $541K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.27 | −0.210% | $660K | $1.4M | 25x | as long as short |
| Variational Omni QQQ | +0.0042% | 8h | 743.16 | −0.091% | $16.8M | $7.0M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.20 | +0.050% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0060% | 1h | 743.01 | −0.110% | $399K | $148K | 20x | as long as short |
| Bybit QQQUSDT | +0.0065% | 8h | 743.47 | −0.048% | $10.5M | $4.9M | 50x | as long as short |
| Binance QQQUSDT | +0.0072% | 8h | 743.42 | −0.055% | $71.5M | $145.8M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.92 | −0.122% | $3.4M | $463K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.88 | −0.128% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.05 | −0.105% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.64 | −0.160% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0128% | 1h | 742.89 | −0.127% | $1.6M | $767K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0239% | 8h | 743.66 | −0.023% | $321K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.90 | −0.125% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0503% | 4h | 743.08 | −0.100% | $760K | $334K | 20x | as long as short |
Phemex QQQUSDT
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Variational Omni QQQ
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC