QQQ

Alert

Funding spread now, next payment 16:00 UTC+0.0264%/8h

next payment, per $10,000+$0.33paid, last 24h−0.013%paid, last 4 days−0.009%to open and close $10k−$10

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.009% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit QQQ_USDC-PERPETUAL	736.78	0	get 0.0000% / 1h	23m 41s	$421K	$298K	20x
Short	Lighter QQQ	737.25	0.0264	get 0.0033% / 1h	23m 41s	$8.3M	$18.0M	30x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee LighterbpOrdersRate

Funding earned: $55.44
Slippage, 4 orders: −$3.47
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $44.97
Break-even: 1.3 days

Slippage from Deribit: live order book, 27 min ago; Lighter: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.064%
Avg gap 7d: +0.034%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Deribit live order book, 27 min ago	0.07 bp	6.5 bp −$7	6.9 bp −$69	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.07 bp	0.3 bp $0	1.1 bp −$11	13.7 bp −$1,371	52.0 bp −$26.0K

QQQ on 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX QQQUSDC	−0.0648%	4h	$753K	$331K	20x	as long as short
Ondo Perps QQQ-USD.P	−0.0230%	1h	$4.3M	$1.9M	20x	as long as short
Phoenix QQQ	−0.0087%	1h	$38K	$74K	20x	as long as short
Coinbase International QQQ-PERP-INTX	−0.0032%	1h	$1.2M	$788K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	$20.2M	$19.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	$2.7M	$32.4M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	$2K	$2.2M	10x	as long as short
Deribit QQQ_USDC-PERPETUALlong	0.0000%	1h	$421K	$298K	20x
HTX QQQ-USDT	0.0000%	8h	$258K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	$360K	$1.3M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster QQQUSDT	+0.0004%	8h	$549K	$202K	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L +0.0020% / S +0.0041%	1h	$13K	—	53x	as long as short
Bybit QQQUSDT	+0.0028%	8h	$10.7M	$4.7M	50x	as long as short
Variational Omni QQQ	+0.0039%	8h	$17.6M	$8.9M	—	as long as short
Lighter RH QQQ	+0.0040%	1h	$40.6M	$74.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	$796K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	—	$490K	50x	as long as short
Binance QQQUSDT	+0.0063%	8h	$62.0M	$115.5M	25x	as long as short
RISEx QQQ/USDC	+0.0065%	1h	$5.5M	$8.9M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	$3.4M	$412K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	$16K	$2.1M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	$7K	—	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	$92K	$1K	10x	as long as short
BloFin QQQ-USDT	+0.0120%	8h	$1.0M	$463K	20x	as long as short
Nado QQQ-PERP	+0.0162%	1h	$1.5M	$1.4M	20x	as long as short
Bitget QQQUSDT	+0.0223%	8h	$16.5M	$6.7M	20x	as long as short
Lighter QQQshort	+0.0264%	1h	$8.3M	$18.0M	30x