Funding you earn now, next payment 12:00 UTC+0.0639%/8h= +70.0% APRpaid last 24h +0.097%
Price spread now: edgeX against Lighter+0.073%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.073%, 7d avg +0.011%
=Together, before fees+0.033%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and edgeX is 0.062% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.011%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 742.01 | 0.0032 | pay 0.0004% / 1h | 54m 53s | $7.2M | $16.1M | 30x |
| Short | edgeX QQQUSDC | 742.55 | 0.0671 | get 0.0336% / 4h | 54m 53s | $759K | $334K | 20x |
Lighter QQQ
edgeX QQQUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $134.19
- Price spread: +0.073% → +0.011%
- $6.15
- Slippage, 4 orders
- −$9.14
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $122.2
- Costs to cover
- 0.181%
- Break-even
- 0.6 days
Slippage from Lighter: live order book, 7 min ago; edgeX: live order book, 52 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, 7 min ago | 0.27 bp | 0.6 bp −$1 | 2.6 bp −$26 | 15.0 bp −$1,498 | 50.5 bp −$25.3K |
| Sell edgeX live order book, 52 min ago | 4.11 bp | 8.6 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
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] | L −0.0203% / S +0.0285% | 1h | 742.79 | +0.106% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.57 | +0.075% | $22.1M | $30.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.46 | +0.061% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.06 | +0.007% | $3.6M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.84 | +0.112% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.27 | +0.170% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.87 | +0.116% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.06 | +0.142% | $360K | $1.7M | 10x | as long as short |
| Aster QQQUSDT | +0.0003% | 8h | 742.56 | +0.074% | $856K | $903K | 20x | as long as short |
| Arcus QQQ-USD | +0.0004% | 1h | 741.58 | −0.058% | $657K | $1.4M | 25x | as long as short |
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Arcus QQQ-USDShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0012% | 8h | 742.52 | +0.069% | $1.1M | $241K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0013% | 1h | 741.38 | −0.085% | $4.2M | $1.8M | 20x | as long as short |
| Bybit QQQUSDT | +0.0029% | 8h | 742.64 | +0.085% | $10.7M | $5.0M | 50x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 742.01 | long leg | $7.2M | $16.1M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 742.71 | +0.094% | $38.8M | $75.7M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0033% | 1h | 742.20 | +0.026% | $398K | $103K | 20x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.53 | +0.205% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 742.65 | +0.086% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0076% | 8h | 742.48 | +0.063% | $16.9M | $6.9M | — | as long as short |
| Binance QQQUSDT | +0.0096% | 8h | 742.82 | +0.109% | $72.4M | $146.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.26 | +0.034% | $3.4M | $504K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.16 | +0.020% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.45 | +0.059% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0101% | 1h | 742.23 | +0.029% | $1.6M | $775K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.93 | −0.011% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0255% | 8h | 742.92 | +0.123% | $319K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.34 | +0.044% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDCshort | +0.0671% | 4h | 742.55 | +0.073% | $759K | $334K | 20x |
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ