Funding you earn now, next payment 09:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h −0.088%
Price spread now: Phoenix against edgeX+0.007%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+0.057%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), 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 | edgeX QQQUSDC | 742.84 | 0.0166 | pay 0.0083% / 4h | 1h 56m | $760K | $337K | 20x |
| Short | Phoenix QQQ | 742.89 | 0.0280 | get 0.0035% / 1h | 56m 27s | $38K | $59K | 20x |
edgeX QQQUSDC
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- $23.98
- Price spread: +0.007% → 0.000%
- $0.72
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $8.7
- Costs to cover
- 0.160%
- Break-even
- 4.5 days
Slippage unknown: edgeX: live order book, 55 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 edgeX live order book, 55 min ago | 4.11 bp | 8.7 bp −$9 | 9.7 bp −$97 | 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 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.34 | +0.067% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0024% | 1h | 741.67 | −0.157% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.43 | +0.080% | $856K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.21 | +0.050% | $21.7M | $30.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.07 | +0.032% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.84 | 0.000% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.43 | +0.080% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.78 | +0.127% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.78 | −0.008% | $399K | $147K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.48 | +0.087% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 743.50 | +0.089% | $363K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0006% | 8h | 743.09 | +0.034% | $1.1M | $235K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.81 | −0.004% | $7.4M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.45 | +0.083% | $38.6M | $76.3M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.55 | −0.039% | $1.2M | $541K | 20x | as long as short |
| Variational Omni QQQ | +0.0036% | 8h | 742.92 | +0.011% | $16.8M | $7.0M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.24 | −0.080% | $658K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.13 | +0.174% | — | $337K | 50x | as long as short |
| Bybit QQQUSDT | +0.0060% | 8h | 743.45 | +0.083% | $10.5M | $4.8M | 50x | as long as short |
| Binance QQQUSDT | +0.0068% | 8h | 743.35 | +0.069% | $71.6M | $145.8M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.86 | +0.003% | $3.4M | $463K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.55 | −0.039% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.96 | +0.017% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.45 | −0.052% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0131% | 1h | 742.88 | +0.006% | $1.6M | $766K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0166% | 4h | 742.84 | long leg | $760K | $337K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0227% | 8h | 743.35 | +0.069% | $319K | $2.0M | 10x | as long as short |
| Phoenix QQQshort | +0.0280% | 1h | 742.89 | +0.007% | $38K | $59K | 20x |
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp