Funding you earn now, next payment 00:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.007%
Price spread now: Phoenix against Gate−0.030%107s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.241%+$24 on $10k
+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. Phoenix is 0.030% cheaper against Gate than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.241% in total) that is about 21 hours. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QQQ_USDT | 744.30 | 0 | get 0.0000% / 8h | 7h 07m | $3.3M | $28.9M | 50x |
| Short | Phoenix QQQ | 744.08 | 0.0258 | get 0.0032% / 1h | 7m 38s | $38K | $66K | 20x |
Gate QQQ_USDT
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $54.25
- Price spread: −0.030% → 0.000%
- −$2.96
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $29.3
- Costs to cover
- 0.220%
- Break-even
- 3.2 days
Slippage unknown: Gate: 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 Gate live order book, 1 min ago | 0.40 bp | 10.2 bp −$10 | 13.7 bp −$137 | 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 | −0.0313% | 1h | 743.10 | −0.161% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0090% / S +0.0197% | 1h | 744.66 | +0.049% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.53 | +0.031% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 744.30 | long leg | $3.3M | $28.9M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 745.13 | +0.112% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.68 | +0.051% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.17 | +0.117% | $360K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0011% | 8h | 744.82 | +0.070% | $10.7M | $5.0M | 50x | as long as short |
| Aster QQQUSDT | +0.0015% | 8h | 744.64 | +0.046% | $841K | $714K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0020% | 8h | 744.38 | +0.011% | $1.0M | $319K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDT
Aster QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.48 | +0.024% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.90 | +0.081% | $37.4M | $81.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.81 | −0.066% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.21 | +0.122% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0062% | 8h | 744.40 | +0.014% | $17.1M | $8.4M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.09 | −0.028% | $1.2M | $546K | 20x | as long as short |
| Binance QQQUSDT | +0.0092% | 8h | 744.71 | +0.055% | $71.3M | $150.0M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.46 | +0.021% | $425K | $147K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.25 | −0.007% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.11 | −0.026% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.39 | +0.012% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0101% | 1h | 744.28 | −0.003% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.85 | −0.060% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0153% | 8h | 744.73 | +0.058% | $16.9M | $6.1M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.72 | +0.057% | $5.4M | $8.4M | 25x | as long as short |
| Phoenix QQQshort | +0.0258% | 1h | 744.08 | −0.030% | $38K | $66K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0336% | 8h | 744.96 | +0.089% | $318K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0992% | 4h | 744.46 | +0.022% | $761K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
edgeX QQQUSDC