QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.025%

Price spread now: Lighter against Phemex−0.077%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$660.660% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.077%, 7d avg −0.062%

Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QQQUSDT	744.85	0	get 0.0000% / 8h	6h 13m	$360K	$1.4M	10x
Short	Lighter QQQ	744.28	0.0032	get 0.0004% / 1h	13m 39s	$7.7M	$17.8M	30x

Funding history

latest

Range statsloading…

Lighter against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhemexbpFee LighterbpOrdersPrice spread, now −0.077%Rate

Slippage from Phemex: live order book, 4 min ago; Lighter: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 4 min ago	2.08 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.40 bp	1.3 bp −$1	3.2 bp −$32	20.6 bp −$2,058	59.8 bp −$29.9K

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 −0.0101% / S +0.0206%	1h	744.54	−0.041%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0088%	1h	743.56	−0.173%	$4.2M	$1.9M	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.65	−0.027%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.41	−0.059%	$21.7M	$26.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.09	−0.102%	$3.3M	$23.4M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.01	+0.021%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	745.25	+0.054%	$258K	$29K	30x	as long as short
Phemex QQQUSDTlong	0.0000%	8h	744.85	long leg	$360K	$1.4M	10x
Aster QQQUSDT	+0.0005%	8h	744.45	−0.053%	$841K	$712K	20x	as long as short
Bitget QQQUSDT	+0.0025%	8h	744.60	−0.034%	$16.9M	$5.9M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQshort	+0.0032%	1h	744.28	−0.077%	$7.7M	$17.8M	30x
Lighter RH QQQ	+0.0032%	1h	744.70	−0.020%	$37.4M	$80.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.66	−0.160%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.46	+0.082%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.08	−0.103%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0056%	8h	744.43	−0.057%	$17.1M	$7.6M	—	as long as short
Binance QQQUSDT	+0.0082%	8h	744.52	−0.044%	$71.0M	$147.3M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.27	−0.078%	$3.4M	$412K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.10	−0.101%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.25	−0.081%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.76	−0.146%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.30	−0.074%	$425K	$148K	20x	as long as short
Nado QQQ-PERP	+0.0123%	1h	744.11	−0.099%	$1.5M	$953K	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.53	−0.043%	$5.4M	$8.0M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	744.18	−0.090%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0198%	8h	744.63	−0.030%	$320K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0490%	4h	744.37	−0.064%	$761K	$335K	20x	as long as short