Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.042%
Price spread now: RISEx against Lighter+0.040%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$90.092% of the position
Funding, last 3 days (all we have)+0.141%+$14 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now +0.040%, 7d avg +0.093%
=Together, before fees+0.225%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.053% cheaper against Lighter than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.093%). If the spread goes back, that is −$5 on $10k: about 31 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 744.51 | 0.0032 | pay 0.0004% / 1h | 59m 15s | $7.7M | $17.6M | 30x |
| Short | RISEx QQQ/USDC | 744.80 | 0.0168 | get 0.0021% / 1h | 59m 15s | $5.4M | $8.2M | 25x |
Lighter QQQ
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $28.57
- Price spread: +0.040% → +0.093%
- −$5.34
- Slippage, 4 orders
- −$3.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $14.01
- Costs to cover
- 0.092%
- Break-even
- 3.6 days
Slippage from Lighter: live order book, 9 min ago; RISEx: live order book, 5 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, 9 min ago | 0.60 bp | 0.8 bp −$1 | 1.7 bp −$17 | 12.6 bp −$1,264 | 48.2 bp −$24.1K |
| Sell RISEx live order book, 5 min ago | 0.07 bp | 3.1 bp −$3 | 3.5 bp −$35 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0293% | 1h | 743.10 | −0.189% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0092% / S +0.0199% | 1h | 744.75 | +0.032% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.52 | +0.001% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.36 | −0.020% | $3.2M | $19.9M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.21 | +0.094% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.058% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.09 | +0.078% | $359K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0003% | 8h | 744.38 | −0.017% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | +0.0023% | 8h | 744.66 | +0.020% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | +0.0025% | 8h | 744.74 | +0.031% | $10.7M | $5.0M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQlong | +0.0032% | 1h | 744.51 | long leg | $7.7M | $17.6M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 744.91 | +0.054% | $37.4M | $78.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.79 | −0.097% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.30 | +0.106% | — | $306K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.09 | −0.056% | $1.2M | $545K | 20x | as long as short |
| Variational Omni QQQ | +0.0072% | 8h | 744.60 | +0.013% | $17.1M | $7.6M | — | as long as short |
| Nado QQQ-PERP | +0.0098% | 1h | 744.41 | −0.014% | $1.5M | $1.1M | 20x | as long as short |
| Binance QQQUSDT | +0.0100% | 8h | 744.74 | +0.031% | $71.3M | $149.1M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.46 | −0.007% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.13 | −0.051% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.51 | 0.000% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.09 | −0.056% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.49 | −0.003% | $425K | $147K | 20x | as long as short |
| Bitget QQQUSDT | +0.0143% | 8h | 744.71 | +0.027% | $16.9M | $6.1M | 20x | as long as short |
| RISEx QQQ/USDCshort | +0.0168% | 1h | 744.80 | +0.040% | $5.4M | $8.2M | 25x | |
| edgeX QQQUSDC | +0.0216% | 4h | 744.53 | +0.002% | $761K | $337K | 20x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.24 | −0.036% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0371% | 8h | 744.88 | +0.050% | $318K | $1.8M | 10x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Nado QQQ-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDT
edgeX QQQUSDC
Phoenix QQQ
GRVT QQQ_USDT_Perp