Funding you earn now, next payment 08:00 UTC+0.0204%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter against GMX−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Funding pays, the price is against you. Lighter is 0.036% cheaper against GMX than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 14 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX QQQ/USD [ETH-USDC] | 741.83 | L −0.0172% / S +0.0261% | get 0.0022% / 1h | 32m 20s | $25K | — | 26x |
| Short | Lighter QQQ | 741.56 | 0.0032 | get 0.0004% / 1h | 32m 20s | $7.7M | $15.3M | 30x |
GMX QQQ/USD [ETH-USDC]
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- $42.88
- Price spread: −0.036% → 0.000%
- −$3.57
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $27.3
- Costs to cover
- 0.120%
- Break-even
- 2.5 days
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 6 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 0.61 bp | 0.6 bp −$1 | 2.1 bp −$21 | 21.3 bp −$2,134 | 60.1 bp −$30.0K |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0173% | 1h | 740.14 | −0.227% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC]long | L −0.0172% / S +0.0261% | 1h | 741.83 | long leg | $25K | — | 26x | |
| Gate QQQ_USDT | −0.0074% | 8h | 741.39 | −0.059% | $3.3M | $21.6M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.80 | −0.004% | $821K | $861K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.74 | −0.011% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.50 | −0.044% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.51 | −0.042% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.90 | +0.010% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.73 | −0.013% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.32 | +0.067% | $2K | $1.8M | 10x | as long as short |
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 742.04 | +0.029% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 741.98 | +0.021% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0012% | 8h | 741.80 | −0.003% | $70.2M | $142.0M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.51 | −0.042% | $1.2M | $491K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0024% | 8h | 741.52 | −0.041% | $1.1M | $274K | 20x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 741.56 | −0.036% | $7.7M | $15.3M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 741.85 | +0.003% | $37.3M | $80.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.20 | −0.084% | $644K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.63 | +0.109% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.35 | −0.064% | $3.4M | $360K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.49 | −0.045% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.47 | −0.048% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.00 | −0.111% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0123% | 1h | 741.30 | −0.071% | $1.6M | $763K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0130% | 8h | 742.08 | +0.035% | $325K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0209% | 1h | 741.51 | −0.042% | $424K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.51 | −0.042% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0600% | 4h | 741.80 | −0.003% | $758K | $335K | 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
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC