Funding you earn now, next payment 03:00 UTC−0.0845%/8h= −92.5% APRpaid last 24h −0.011%
Price spread now: Lighter against edgeX−0.027%49s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.182% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.027%, 7d avg −0.011%
=Together, before fees−0.074%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX QQQUSDC | 744.12 | 0.0877 | pay 0.0438% / 4h | 1h 46m | $761K | $335K | 20x |
| Short | Lighter QQQ | 743.92 | 0.0032 | get 0.0004% / 1h | 46m 42s | $7.7M | $17.1M | 30x |
edgeX QQQUSDC
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$177.36
- Price spread: −0.027% → −0.011%
- −$1.61
- Slippage, 4 orders
- −$9.23
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$197.19
- Costs to cover
- 0.182%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 17 min ago; Lighter: 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 edgeX live order book, 17 min ago | 4.10 bp | 8.6 bp −$9 | 9.6 bp −$96 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 0.47 bp | 0.5 bp $0 | 1.8 bp −$18 | 23.5 bp −$2,353 | 63.3 bp −$31.7K |
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 −0.0107% / S +0.0210% | 1h | 744.09 | −0.005% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0004% | 8h | 744.03 | −0.012% | — | $304K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.12 | 0.000% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.11 | −0.002% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.09 | −0.004% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.15 | +0.004% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.70 | −0.057% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.44 | +0.043% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.53 | +0.055% | $2K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.77 | −0.047% | $425K | $149K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.24 | +0.016% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.37 | +0.033% | $360K | $1.4M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0010% | 1h | 743.28 | −0.113% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 743.92 | −0.027% | $7.7M | $17.1M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.34 | +0.029% | $37.3M | $78.6M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.74 | −0.051% | $1.2M | $534K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.31 | −0.109% | $705K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.06 | +0.126% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 744.19 | +0.009% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0073% | 8h | 744.10 | −0.003% | $71.1M | $144.4M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.88 | −0.033% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.67 | −0.061% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.82 | −0.041% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.33 | −0.107% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0117% | 1h | 743.74 | −0.052% | $1.5M | $923K | 20x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.80 | −0.043% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0165% | 8h | 744.45 | +0.044% | $322K | $1.9M | 10x | as long as short |
| edgeX QQQUSDClong | +0.0877% | 4h | 744.12 | long leg | $761K | $335K | 20x |
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp