Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.037%
Price spread now: RISEx against Lighter+0.033%7-day average +0.093% · 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−$15as in the Price arb table
costs, in and out, $10k−$90.090% of the position
Funding, last 3 days (all we have)+0.143%+$14 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now +0.033%, 7d avg +0.093%
=Together, before fees+0.229%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.060% cheaper against Lighter than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.093%). If the spread goes back, that is −$6 on $10k: about 35 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 744.28 | 0.0032 | pay 0.0004% / 1h | 13m 33s | $7.7M | $17.8M | 30x |
| Short | RISEx QQQ/USDC | 744.52 | 0.0168 | get 0.0021% / 1h | 13m 33s | $5.4M | $8.0M | 25x |
Lighter QQQ
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Lighter. 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
- $28.57
- Price spread: +0.033% → +0.093%
- −$5.96
- Slippage, 4 orders
- −$2.99
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $13.62
- Costs to cover
- 0.090%
- Break-even
- 3.7 days
Slippage from Lighter: live order book, 5 min ago; RISEx: live order book, 6 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 Lighter live order book, 5 min ago | 0.40 bp | 0.6 bp −$1 | 2.0 bp −$20 | 13.5 bp −$1,351 | 48.2 bp −$24.1K |
| Sell RISEx live order book, 6 min ago | 0.20 bp | 3.2 bp −$3 | 3.9 bp −$39 | doesn't fit | doesn't fit |
QQQ on 27 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 −0.0101% / S +0.0206% | 1h | 744.54 | +0.036% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0086% | 1h | 743.56 | −0.097% | $4.2M | $1.9M | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.52 | +0.032% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.38 | +0.013% | $21.7M | $26.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.09 | −0.026% | $3.3M | $23.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.01 | +0.098% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.130% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.85 | +0.077% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0005% | 8h | 744.45 | +0.023% | $841K | $712K | 20x | as long as short |
| Bitget QQQUSDT | +0.0023% | 8h | 744.57 | +0.039% | $16.9M | $5.8M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Bitget QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQlong | +0.0032% | 1h | 744.28 | long leg | $7.7M | $17.8M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.70 | +0.056% | $37.4M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.65 | −0.085% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.34 | +0.142% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.08 | −0.027% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0056% | 8h | 744.43 | +0.020% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0082% | 8h | 744.40 | +0.016% | $71.0M | $147.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.27 | −0.001% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.12 | −0.021% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.25 | −0.004% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.76 | −0.069% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.30 | +0.003% | $425K | $148K | 20x | as long as short |
| Nado QQQ-PERP | +0.0123% | 1h | 744.14 | −0.019% | $1.5M | $952K | 20x | as long as short |
| RISEx QQQ/USDCshort | +0.0168% | 1h | 744.52 | +0.033% | $5.4M | $8.0M | 25x | |
| Phoenix QQQ | +0.0183% | 1h | 744.18 | −0.013% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0192% | 8h | 744.72 | +0.059% | $322K | $1.9M | 10x | as long as short |
| edgeX QQQUSDC | +0.0657% | 4h | 744.44 | +0.021% | $761K | $336K | 20x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC