Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.044%
Price spread now: RISEx against Lighter RH−0.028%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$70.071% of the position
Funding, last 4 days (all we have)+0.162%+$16 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now −0.028%, 7d avg +0.021%
=Together, before fees+0.143%+ Points / potential airdropLighter RH: Points live · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.049% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.162%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 744.27 | 0.0032 | pay 0.0004% / 1h | 23m 30s | $37.3M | $79.5M | 50x |
| Short | RISEx QQQ/USDC | 744.06 | 0 | get 0.0000% / 1h | 23m 30s | $5.4M | $7.5M | 25x |
Lighter RH QQQ
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Lighter RH. 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: −0.028% → +0.021%
- −$4.92
- Slippage, 4 orders
- −$1.07
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$18.71
- Costs to cover
- 0.071%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 6 min ago; RISEx: live order book, 1 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 RH live order book, 6 min ago | 0.20 bp | 0.2 bp $0 | 0.5 bp −$5 | 5.7 bp −$574 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.07 bp | 3.1 bp −$3 | 3.2 bp −$32 | 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 −0.0112% / S +0.0214% | 1h | 744.03 | −0.032% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0054% | 1h | 742.77 | −0.202% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0003% | 8h | 744.02 | −0.034% | $1.1M | $303K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.03 | −0.032% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.09 | −0.024% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.96 | −0.042% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDCshort | 0.0000% | 1h | 744.06 | −0.028% | $5.4M | $7.5M | 25x | |
| Gate QQQ_USDT | 0.0000% | 8h | 743.59 | −0.091% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.34 | +0.009% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.44 | +0.023% | $2K | $2.0M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.70 | −0.077% | $425K | $149K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.28 | +0.001% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.32 | +0.007% | $361K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0032% | 8h | 743.92 | −0.047% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.81 | −0.062% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 744.27 | long leg | $37.3M | $79.5M | 50x | |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.51 | −0.102% | $1.2M | $534K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.10 | −0.157% | $694K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.99 | +0.097% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0062% | 8h | 743.99 | −0.037% | $71.1M | $143.2M | 25x | as long as short |
| Nado QQQ-PERP | +0.0089% | 1h | 743.66 | −0.082% | $1.5M | $920K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.78 | −0.066% | $3.4M | $405K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.61 | −0.089% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.77 | −0.067% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.25 | −0.137% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0140% | 8h | 744.18 | −0.013% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.64 | −0.085% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0742% | 4h | 743.88 | −0.052% | $761K | $334K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC