QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.005%

Price spread now: Phoenix against GMX−0.062%65s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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. Phoenix is 0.062% cheaper against GMX than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$9 a day). The two prices were read 65 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	GMX QQQ/USD [ETH-USDC]	744.50	L −0.0105% / S +0.0209%	get 0.0013% / 1h	55m 41s	$25K	—	26x
Short	Phoenix QQQ	744.04	0.0183	get 0.0023% / 1h	55m 41s	$38K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee PhoenixbpOrdersPrice spread, now −0.062%Rate

Funding earned: $60.44
Price spread: −0.062% → 0.000%: −$6.25
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $35.19
Costs to cover: 0.190%
Break-even: 2.9 days

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

GMX and 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 27 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]long	L −0.0105% / S +0.0209%	1h	744.50	long leg	$25K	—	26x
Aster QQQUSDT	0.0000%	8h	744.41	−0.013%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.54	+0.005%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.46	−0.006%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.55	+0.006%	$5.4M	$7.9M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.08	−0.057%	$3.3M	$20.2M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.57	+0.009%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.94	+0.058%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.72	+0.029%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.95	+0.060%	$357K	$1.4M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps QQQ-USD.P	+0.0016%	1h	743.51	−0.134%	$4.2M	$1.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.29	−0.029%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.75	+0.033%	$37.4M	$78.3M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.88	−0.084%	$1.2M	$532K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.47	−0.139%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.41	+0.122%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0052%	8h	744.38	−0.016%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0076%	8h	744.50	−0.001%	$71.2M	$144.8M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.11	−0.053%	$3.4M	$413K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.90	−0.081%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.21	−0.040%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.69	−0.109%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0105%	1h	744.09	−0.056%	$1.5M	$926K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0126%	1h	744.28	−0.030%	$425K	$149K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0174%	8h	744.47	−0.005%	$322K	$1.9M	10x	as long as short
Phoenix QQQshort	+0.0183%	1h	744.04	−0.062%	$38K	$66K	20x
edgeX QQQUSDC	+0.0258%	4h	744.28	−0.031%	$761K	$335K	20x	as long as short