Funding you earn now, next payment 00:00 UTC+0.0158%/8h= +17.3% APRnext payment +$0.20 per $10,000 · paid last 24h −0.023%
Price spread now: Phoenix against ApeX Omni+0.039%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.039% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni QQQUSDT | 743.74 | 0.0100 | pay 0.0013% / 1h | 28m 01s | $20K | $2.2M | 50x |
| Short | Phoenix QQQ | 744.03 | 0.0258 | get 0.0032% / 1h | 28m 01s | $38K | $66K | 20x |
ApeX Omni QQQUSDT
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- $33.25
- Price spread: +0.039% → 0.000%
- $3.9
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $20.15
- Costs to cover
- 0.170%
- Break-even
- 2.8 days
Slippage unknown: ApeX Omni: live order book, 1 min ago; Phoenix: no order-book sample. Net counts fees only.
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 ApeX Omni live order book, 1 min ago | 3.76 bp | 9.7 bp −$10 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0361% | 1h | 743.30 | −0.059% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0086% / S +0.0194% | 1h | 744.96 | +0.163% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.30 | +0.076% | $841K | $716K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.72 | +0.132% | $21.6M | $25.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.50 | +0.102% | $3.2M | $27.6M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.41 | +0.225% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.45 | +0.095% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.20 | +0.196% | $360K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0002% | 8h | 744.96 | +0.164% | $10.7M | $4.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 744.67 | +0.125% | $425K | $147K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0028% | 8h | 744.05 | +0.042% | $1.1M | $318K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.68 | +0.126% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 745.13 | +0.187% | $37.4M | $80.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.72 | −0.003% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.39 | +0.222% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 744.24 | +0.067% | $17.1M | $9.7M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.001% | $1.2M | $547K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 744.92 | +0.159% | $71.2M | $151.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.46 | +0.097% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 743.74 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.53 | +0.106% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0103% | 1h | 744.39 | +0.087% | $1.5M | $1.3M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.10 | +0.049% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0174% | 8h | 744.98 | +0.167% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.88 | +0.153% | $5.4M | $8.7M | 25x | as long as short |
| Phoenix QQQshort | +0.0258% | 1h | 744.03 | +0.039% | $38K | $66K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0263% | 8h | 744.41 | +0.090% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0471% | 4h | 744.23 | +0.066% | $761K | $337K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
edgeX QQQUSDC