Funding you earn now, next payment 16:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against Orderly+0.046%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Bybit is 0.046% dearer against Orderly than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_QQQ_USDC_mythos | 741.81 | 0.0100 | pay 0.0100% / 8h | 7h 00m | $12K | $21K | 20x |
| Short | Bybit QQQUSDT | 742.15 | 0.0071 | get 0.0071% / 8h | 7h 00m | $10.7M | $5.0M | 50x |
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- −$6.1
- Price spread: +0.046% → 0.000%
- $4.58
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$18.52
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.07 bp | 7.4 bp −$7 | 11.2 bp −$112 | doesn't fit | doesn't fit |
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 −0.0191% / S +0.0276% | 1h | 742.04 | +0.032% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.98 | +0.023% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.76 | −0.007% | $21.6M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.70 | −0.015% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.57 | −0.032% | $3.4M | $21.1M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.00 | +0.026% | $16.5M | $5.2M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.67 | +0.116% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.27 | +0.062% | $251K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.51 | +0.094% | $358K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0023% | 8h | 741.87 | +0.008% | $16.7M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0023% | 8h | 741.88 | +0.009% | $1.1M | $280K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 741.51 | −0.040% | $1.2M | $510K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.71 | −0.013% | $7.6M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.11 | +0.040% | $38.1M | $81.8M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.24 | −0.077% | $647K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.95 | +0.154% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0049% | 1h | 740.78 | −0.139% | $4.2M | $1.8M | 20x | as long as short |
| Binance QQQUSDT | +0.0053% | 8h | 741.93 | +0.016% | $70.7M | $141.5M | 25x | as long as short |
| Bybit QQQUSDTshort | +0.0071% | 8h | 742.15 | +0.046% | $10.7M | $5.0M | 50x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.53 | −0.038% | $3.4M | $409K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.54 | −0.036% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythoslong | +0.0100% | 8h | 741.81 | long leg | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.31 | −0.068% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0128% | 1h | 741.72 | −0.012% | $424K | $125K | 20x | as long as short |
| Nado QQQ-PERP | +0.0144% | 1h | 741.61 | −0.027% | $1.6M | $752K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 741.49 | −0.043% | $38K | $65K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0300% | 8h | 742.11 | +0.041% | $322K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0565% | 4h | 741.97 | +0.022% | $759K | $336K | 20x | as long as short |
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC