Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.018%
Price spread now: SunX against Lighter+0.074%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$640.645% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.074%, 7d avg +0.076%
=Together, before fees−0.053%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 741.72 | 0.0032 | pay 0.0004% / 1h | 3m 16s | $7.7M | $15.4M | 30x |
| Short | SunX QQQ-USDT | 742.27 | 0 | get 0.0000% / 8h | 3m 16s | $2K | $1.7M | 10x |
Lighter QQQ
SunX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$6.72
- Price spread: +0.074% → +0.076%
- −$0.21
- Slippage, 4 orders
- −$56.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$71.42
- Costs to cover
- 0.645%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; SunX: live order book, 12 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 | 0.41 bp | 0.4 bp $0 | 2.6 bp −$26 | 12.4 bp −$1,237 | 48.6 bp −$24.3K |
| Sell SunX live order book, 12 min ago | 21.62 bp | 38.0 bp −$38 | doesn't fit | doesn't fit | 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 −0.0178% / S +0.0266% | 1h | 741.97 | +0.033% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0107% | 1h | 740.83 | −0.120% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0096% | 8h | 741.50 | −0.030% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0005% | 8h | 741.65 | −0.009% | $1.1M | $275K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.83 | +0.015% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.88 | +0.022% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.67 | −0.007% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.67 | −0.007% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.94 | +0.030% | $16.5M | $5.3M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.74 | +0.003% | $16.8M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDTshort | 0.0000% | 8h | 742.27 | +0.074% | $2K | $1.7M | 10x | |
| HTX QQQ-USDT | 0.0000% | 8h | 742.13 | +0.055% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.16 | +0.059% | $360K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.19 | −0.071% | $1.2M | $487K | 20x | as long as short |
| Binance QQQUSDT | +0.0026% | 8h | 741.92 | +0.027% | $70.3M | $140.5M | 25x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 741.72 | long leg | $7.7M | $15.4M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.06 | +0.046% | $37.4M | $81.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.94 | −0.105% | $648K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.84 | +0.151% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.45 | −0.036% | $3.4M | $357K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.25 | −0.063% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.59 | −0.018% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.15 | −0.076% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0138% | 1h | 741.43 | −0.039% | $1.6M | $746K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0145% | 8h | 741.92 | +0.027% | $314K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0195% | 1h | 741.73 | +0.001% | $424K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.45 | −0.036% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0684% | 4h | 741.62 | −0.013% | $758K | $336K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
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