Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.031%
Price spread now: Lighter RH against RISEx+0.059%7-day average −0.021% · 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−$1as in the Price arb table
costs, in and out, $10k−$90.090% of the position
Funding, last 4 days (all we have)−0.160%−$16 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.059%, 7d avg −0.021%
=Together, before fees−0.170%+ Points / potential airdropLighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.080% dearer against RISEx than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 4 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx QQQ/USDC | 741.68 | 0 | get 0.0000% / 1h | 24m 13s | $5.5M | $6.3M | 25x |
| Short | Lighter RH QQQ | 742.12 | 0.0032 | get 0.0004% / 1h | 24m 13s | $37.0M | $80.6M | 50x |
RISEx QQQ/USDC
Lighter RH QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against RISEx. 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: +0.059% → −0.021%
- $7.99
- Slippage, 4 orders
- −$3
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $5.71
- Costs to cover
- 0.090%
- Break-even
- 1.0 days
Slippage from RISEx: live order book, 5 min ago; Lighter RH: 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 RISEx live order book, 5 min ago | 0.27 bp | 3.3 bp −$3 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 0.27 bp | 0.3 bp $0 | 0.7 bp −$7 | 9.4 bp −$940 | 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 −0.0161% / S +0.0253% | 1h | 741.98 | +0.039% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0029% | 8h | 741.25 | −0.058% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.94 | +0.035% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.90 | +0.029% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.75 | +0.009% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDClong | 0.0000% | 1h | 741.68 | long leg | $5.5M | $6.3M | 25x | |
| Bitget QQQUSDT | 0.0000% | 8h | 742.03 | +0.047% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.98 | +0.040% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.77 | +0.147% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.14 | +0.062% | $251K | $41K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.22 | +0.073% | $365K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0001% | 1h | 740.66 | −0.138% | $4.2M | $1.8M | 20x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.00 | +0.042% | $70.0M | $144.5M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0004% | 8h | 741.75 | +0.009% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.55 | −0.018% | $1.2M | $550K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.73 | +0.006% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQshort | +0.0032% | 1h | 742.12 | +0.059% | $37.0M | $80.6M | 50x | |
| Arcus QQQ-USD | +0.0040% | 1h | 741.15 | −0.072% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.90 | +0.164% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.48 | −0.027% | $3.4M | $353K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.57 | −0.015% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.63 | −0.007% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.22 | −0.063% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0116% | 8h | 742.17 | +0.066% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0131% | 1h | 741.48 | −0.028% | $1.5M | $764K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.63 | −0.007% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0209% | 1h | 741.71 | +0.004% | $424K | $154K | 20x | as long as short |
| edgeX QQQUSDC | +0.0573% | 4h | 741.92 | +0.032% | $759K | $334K | 20x | as long as short |
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Binance QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC