Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: SunX against Lighter RH+0.030%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$640.643% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.030%, 7d avg +0.068%
=Together, before fees−0.065%+ Points / potential airdropLighter RH: Points live · farm board−$6 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 SunX is 0.039% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH QQQ | 743.41 | 0.0032 | pay 0.0004% / 1h | 37m 21s | $37.0M | $78.7M | 50x |
| Short | SunX QQQ-USDT | 743.63 | 0 | get 0.0000% / 8h | 3h 37m | $2K | $1.9M | 10x |
Lighter RH QQQ
SunX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: +0.030% → +0.068%
- −$3.89
- Slippage, 4 orders
- −$56.29
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$74.9
- Costs to cover
- 0.643%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; SunX: live order book, 19 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, 2 min ago | 0.20 bp | 0.3 bp $0 | 1.4 bp −$14 | 6.8 bp −$685 | doesn't fit |
| Sell SunX live order book, 19 min ago | 21.63 bp | 38.1 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 −0.0134% / S +0.0231% | 1h | 743.20 | −0.029% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0043% | 1h | 742.40 | −0.136% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0027% | 8h | 743.11 | −0.040% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.08 | −0.044% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.10 | −0.042% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.01 | −0.054% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.77 | −0.086% | $3.3M | $20.9M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.27 | −0.019% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.22 | −0.025% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDTshort | 0.0000% | 8h | 743.63 | +0.030% | $2K | $1.9M | 10x |
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
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.104% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.57 | +0.022% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.17 | −0.032% | $358K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0004% | 8h | 743.19 | −0.030% | $70.8M | $141.4M | 25x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.19 | −0.030% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.00 | −0.055% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQlong | +0.0032% | 1h | 743.41 | long leg | $37.0M | $78.7M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.55 | −0.116% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.19 | +0.105% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0071% | 8h | 743.29 | −0.016% | $315K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 743.01 | −0.054% | $424K | $150K | 20x | as long as short |
| Nado QQQ-PERP | +0.0092% | 1h | 742.82 | −0.080% | $1.5M | $763K | 20x | as long as short |
| edgeX QQQUSDC | +0.0096% | 4h | 743.10 | −0.041% | $760K | $334K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.89 | −0.070% | $3.4M | $339K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.79 | −0.083% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.92 | −0.066% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.38 | −0.139% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.77 | −0.086% | $38K | $66K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
edgeX QQQUSDC
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ