Funding you earn now, next payment 10:00 UTC+0.0234%/8h= +25.6% APRnext payment +$0.29 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter against GMX+0.080%69s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.080% dearer against GMX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX QQQ/USD [ETH-USDC] | 742.34 | L −0.0202% / S +0.0285% | get 0.0025% / 1h | 7m 06s | $25K | — | 26x |
| Short | Lighter QQQ | 742.93 | 0.0032 | get 0.0004% / 1h | 7m 06s | $7.5M | $15.1M | 30x |
GMX QQQ/USD [ETH-USDC]
Lighter QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- $49.14
- Price spread: +0.080% → 0.000%
- $8.02
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $45.16
- Costs to cover
- 0.120%
- Break-even
- 0.6 days
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 0.40 bp | 0.8 bp −$1 | 2.9 bp −$29 | 25.8 bp −$2,583 | 66.0 bp −$33.0K |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
QQQ on 28 exchanges
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]long | L −0.0202% / S +0.0285% | 1h | 742.34 | long leg | $25K | — | 26x | |
| Ondo Perps QQQ-USD.P | −0.0110% | 1h | 741.12 | −0.164% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.04 | +0.095% | $858K | $900K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.19 | +0.115% | $21.7M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.39 | +0.007% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.52 | +0.025% | $3.5M | $20.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.62 | +0.173% | $16.8M | $5.5M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.79 | +0.061% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.020% | $251K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.43 | +0.148% | $363K | $1.6M | 10x | as long as short |
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | 0.0000% | 8h | 742.23 | −0.014% | $1.1M | $228K | 20x | as long as short |
| Variational Omni QQQ | +0.0030% | 8h | 742.09 | −0.033% | $16.8M | $7.2M | — | as long as short |
| Lighter QQQshort | +0.0032% | 1h | 742.93 | +0.080% | $7.5M | $15.1M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 743.39 | +0.142% | $38.4M | $78.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.96 | −0.051% | $1.2M | $528K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.66 | −0.091% | $651K | $1.4M | 25x | as long as short |
| Bybit QQQUSDT | +0.0045% | 8h | 743.39 | +0.142% | $10.7M | $4.9M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.49 | +0.156% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0058% | 8h | 743.43 | +0.148% | $71.3M | $142.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.72 | +0.052% | $3.4M | $455K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.70 | −0.086% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.63 | +0.040% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.27 | −0.009% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0113% | 1h | 741.87 | −0.062% | $1.6M | $773K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0114% | 1h | 742.68 | +0.046% | $398K | $151K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0198% | 8h | 742.32 | −0.002% | $321K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0280% | 1h | 741.60 | −0.099% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0498% | 4h | 742.08 | −0.035% | $759K | $335K | 20x | as long as short |
BloFin QQQ-USDT
Variational Omni QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Bybit QQQUSDT
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC