Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.018%
Price spread now: SunX against Lighter+0.101%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$650.648% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.101%, 7d avg +0.076%
=Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.025% dearer against Lighter than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.076%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter QQQ | 739.98 | 0.0032 | pay 0.0004% / 1h | 35m 11s | $7.6M | $15.3M | 30x |
| Short | SunX QQQ-USDT | 740.73 | 0 | get 0.0000% / 8h | 7h 35m | $1K | $1.7M | 10x |
Lighter QQQ
SunX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$6.72
- Price spread: +0.101% → +0.076%
- $2.52
- Slippage, 4 orders
- −$56.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$69
- Costs to cover
- 0.648%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; SunX: live order book, 10 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, 3 min ago | 0.27 bp | 0.8 bp −$1 | 2.6 bp −$26 | 11.6 bp −$1,158 | 48.7 bp −$24.3K |
| Sell SunX live order book, 10 min ago | 21.65 bp | 38.1 bp −$38 | 67.8 bp −$678 | 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 −0.0184% / S +0.0270% | 1h | 740.32 | +0.045% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.31 | +0.045% | $822K | $865K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.05 | +0.009% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.10 | +0.017% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.62 | −0.049% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.23 | +0.034% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDTshort | 0.0000% | 8h | 740.73 | +0.101% | $1K | $1.7M | 10x | |
| HTX QQQ-USDT | 0.0000% | 8h | 740.70 | +0.097% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.52 | +0.073% | $364K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0002% | 8h | 740.22 | +0.033% | $16.7M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0010% | 4h | 740.44 | +0.062% | $757K | $335K | 20x | as long as short |
| Bybit QQQUSDT | +0.0018% | 8h | 740.26 | +0.038% | $10.6M | $5.0M | 50x | as long as short |
| BloFin QQQ-USDT | +0.0022% | 8h | 740.23 | +0.034% | $1.1M | $274K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 739.68 | −0.041% | $1.2M | $493K | 20x | as long as short |
| Binance QQQUSDT | +0.0031% | 8h | 740.31 | +0.045% | $70.0M | $139.7M | 25x | as long as short |
| Lighter QQQlong | +0.0032% | 1h | 739.98 | long leg | $7.6M | $15.3M | 30x | |
| Lighter RH QQQ | +0.0032% | 1h | 740.38 | +0.054% | $37.5M | $79.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.48 | −0.068% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.26 | +0.173% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.24 | −0.100% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.95 | −0.004% | $3.4M | $381K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.84 | −0.019% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.06 | +0.011% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0101% | 1h | 740.05 | +0.009% | $423K | $158K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.50 | −0.065% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0150% | 1h | 739.82 | −0.022% | $1.6M | $742K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0184% | 8h | 740.55 | +0.077% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.82 | −0.022% | $38K | $65K | 20x | as long as short |
edgeX QQQUSDC
Bybit QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Deribit QQQ_USDC-PERPETUAL
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ