Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.016%
Price spread now: Coinbase International against Orderly−0.059%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.059% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_QQQ_USDC_mythos | 744.17 | 0.0100 | pay 0.0100% / 8h | 7h 29m | $12K | $21K | 20x |
| Short | Coinbase International QQQ-PERP-INTX | 743.73 | 0.0064 | get 0.0008% / 1h | 29m 55s | $1.2M | $547K | 20x |
Orderly PERP_QQQ_USDC_mythos
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$7.56
- Price spread: −0.059% → 0.000%
- −$5.91
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$29.47
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago | 0.07 bp | 6.8 bp −$7 | 8.6 bp −$86 | 45.2 bp −$4,524 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0364% | 1h | 742.98 | −0.160% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0086% / S +0.0194% | 1h | 744.48 | +0.041% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.00 | −0.022% | $841K | $739K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.61 | +0.059% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | +0.016% | $21.5M | $25.0M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.15 | −0.003% | $3.2M | $27.5M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.77 | +0.081% | $1K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.45 | +0.038% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.77 | +0.081% | $361K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0009% | 8h | 744.05 | −0.016% | $1.1M | $318K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex 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 | 744.26 | +0.012% | $7.7M | $18.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.68 | +0.069% | $37.3M | $79.9M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.54 | −0.085% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.96 | +0.106% | — | $306K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0046% | 1h | 744.23 | +0.008% | $425K | $147K | 20x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 744.24 | +0.009% | $17.1M | $9.7M | — | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0064% | 1h | 743.73 | −0.059% | $1.2M | $547K | 20x | |
| Binance QQQUSDT | +0.0075% | 8h | 744.55 | +0.051% | $71.1M | $151.8M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.07 | −0.013% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.74 | −0.058% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythoslong | +0.0100% | 8h | 744.17 | long leg | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.62 | −0.074% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0107% | 1h | 744.03 | −0.019% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0173% | 8h | 744.57 | +0.054% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.44 | +0.036% | $5.4M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.83 | −0.046% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0273% | 8h | 744.30 | +0.017% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0458% | 4h | 744.12 | −0.006% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC