QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.90 per $10,000 · paid last 24h −0.026%

Price spread now: Phemex against Binance+0.015%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$750.750% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 2 days (all we have)+0.004%$0 · spread now +0.015%, 7d avg +0.032%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QQQUSDT	744.15	0.0090	pay 0.0090% / 8h	6h 41m	$71.1M	$147.4M	25x
Short	Phemex QQQUSDT	744.26	0	get 0.0000% / 8h	6h 41m	$360K	$1.4M	10x

Funding history

latest

Range statsloading…

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.015%Rate

Slippage from Binance: live order book, 2 min ago; Phemex: live order book, 1 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 2 min ago	0.07 bp	5.1 bp −$5	5.1 bp −$51	9.5 bp −$955	26.4 bp −$13.2K
Sell Phemex live order book, 1 min ago	1.68 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit

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	−0.0178%	1h	743.00	−0.155%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0096% / S +0.0202%	1h	744.15	+0.001%	$25K	—	26x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.13	−0.003%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.90	−0.034%	$21.5M	$25.3M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.89	−0.035%	$3.2M	$21.2M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.66	+0.069%	$2K	$2.1M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	743.83	−0.043%	$425K	$148K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.32	+0.023%	$257K	$29K	30x	as long as short
Phemex QQQUSDTshort	0.0000%	8h	744.26	+0.015%	$360K	$1.4M	10x
Aster QQQUSDT	+0.0013%	8h	744.16	+0.001%	$841K	$712K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	+0.0026%	8h	744.31	+0.022%	$1.1M	$319K	20x	as long as short
Lighter QQQ	+0.0032%	1h	743.90	−0.034%	$7.7M	$17.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.32	+0.023%	$37.4M	$79.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.34	−0.109%	$747K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.12	+0.130%	—	$356K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.05	−0.013%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0065%	8h	744.04	−0.015%	$17.1M	$7.6M	—	as long as short
Binance QQQUSDTlong	+0.0090%	8h	744.15	long leg	$71.1M	$147.4M	25x
Bitget QQQUSDT	+0.0090%	8h	744.18	+0.004%	$16.9M	$5.9M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.88	−0.036%	$3.4M	$406K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.76	−0.052%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.87	−0.038%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.41	−0.100%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0121%	1h	743.79	−0.048%	$1.5M	$1.0M	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.15	0.000%	$5.4M	$8.2M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	743.78	−0.050%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0257%	8h	744.49	+0.045%	$319K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0480%	4h	744.13	−0.003%	$761K	$333K	20x	as long as short