Funding you earn now, next payment 23:00 UTC+0.0122%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.013%
Price spread now: Phoenix against Coinbase International+0.008%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−0.003%$0 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 742.85 | 0.0072 | pay 0.0009% / 1h | 25m 05s | $1.2M | $865K | 20x |
| Short | Phoenix QQQ | 742.91 | 0.0194 | get 0.0024% / 1h | 25m 05s | $38K | $73K | 20x |
Coinbase International QQQ-PERP-INTX
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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
- $25.6
- Price spread: +0.008% → 0.000%
- $0.81
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $9.4
- Costs to cover
- 0.170%
- Break-even
- 4.4 days
Slippage unknown: Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 0.07 bp | 5.6 bp −$6 | 6.8 bp −$68 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0074% / S +0.0185% | 1h | 743.48 | +0.084% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0030% | 8h | 743.09 | +0.032% | $1.1M | $469K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | +0.069% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.25 | +0.054% | $21.6M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.18 | +0.044% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.88 | +0.139% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | +0.038% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.04 | +0.160% | $362K | $1.4M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0020% | 1h | 742.07 | −0.105% | $4.2M | $2.0M | 20x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.68 | +0.112% | $37.5M | $80.0M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.73 | −0.016% | $694K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.94 | +0.147% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 743.33 | +0.065% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQ | +0.0072% | 1h | 743.34 | +0.066% | $7.6M | $20.9M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0072% | 1h | 742.85 | long leg | $1.2M | $865K | 20x | |
| Binance QQQUSDT | +0.0076% | 8h | 743.46 | +0.082% | $71.0M | $160.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.00 | +0.020% | $3.4M | $419K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.89 | +0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.16 | +0.042% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0103% | 8h | 743.46 | +0.082% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.74 | −0.015% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0177% | 1h | 742.95 | +0.014% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0186% | 8h | 743.29 | +0.059% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0190% | 8h | 743.51 | +0.089% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.59 | +0.100% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQshort | +0.0194% | 1h | 742.91 | +0.008% | $38K | $73K | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0208% | 1h | 743.26 | +0.055% | $425K | $164K | 20x | as long as short |
| edgeX QQQUSDC | +0.0408% | 4h | 743.26 | +0.055% | $760K | $334K | 20x | as long as short |
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Lighter QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC