Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.010%
Price spread now: Orderly against Bitget−0.069%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Orderly is 0.069% cheaper against Bitget than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget QQQUSDT | 742.92 | 0 | get 0.0000% / 8h | 2h 53m | $16.6M | $5.6M | 20x |
| Short | Orderly PERP_QQQ_USDC_mythos | 742.41 | 0.0100 | get 0.0100% / 8h | 2h 53m | $12K | $21K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- $21
- Price spread: −0.069% → 0.000%
- −$6.86
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$3.86
- Costs to cover
- 0.180%
- Break-even
- 8.3 days
Slippage unknown: Bitget: live order book, 5 min ago; Orderly: 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 Bitget live order book, 5 min ago | 0.07 bp | 6.2 bp −$6 | 8.3 bp −$83 | 11.6 bp −$1,165 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0143% / S +0.0238% | 1h | 742.73 | −0.026% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0042% | 1h | 741.57 | −0.182% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.68 | −0.032% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.74 | −0.024% | $69.8M | $143.8M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.79 | −0.017% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.47 | −0.061% | $21.6M | $27.7M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.77 | −0.021% | $5.4M | $7.2M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.04 | −0.118% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDTlong | 0.0000% | 8h | 742.92 | long leg | $16.6M | $5.6M | 20x | |
| Variational Omni QQQ | 0.0000% | 8h | 742.77 | −0.021% | $17.1M | $7.2M | — | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.20 | +0.038% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.25 | −0.090% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.79 | −0.017% | $254K | $35K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.92 | 0.000% | $361K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0001% | 8h | 742.64 | −0.038% | $1.1M | $246K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.57 | −0.047% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.92 | 0.000% | $36.9M | $77.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.79 | −0.152% | $699K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.63 | +0.096% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0074% | 8h | 742.84 | −0.010% | $320K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.33 | −0.079% | $3.4M | $348K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.31 | −0.082% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythosshort | +0.0100% | 8h | 742.41 | −0.069% | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.89 | −0.138% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0107% | 1h | 742.34 | −0.078% | $1.5M | $764K | 20x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.30 | −0.083% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0141% | 1h | 742.55 | −0.050% | $424K | $151K | 20x | as long as short |
| edgeX QQQUSDC | +0.0319% | 4h | 742.56 | −0.048% | $759K | $334K | 20x | as long as short |
Bitget QQQUSDT
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Variational Omni QQQ
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC