Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.027%
Price spread now: OKX against Orderly+0.034%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. OKX is 0.034% dearer against Orderly than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_QQQ_USDC_mythos | 743.95 | 0.0100 | pay 0.0100% / 8h | 5h 29m | $12K | $21K | 20x |
| Short | OKX QQQ-USDT-SWAP | 744.20 | 0 | get 0.0000% / 8h | 5h 29m | $21.7M | $26.3M | 50x |
Orderly PERP_QQQ_USDC_mythos
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$21
- Price spread: +0.034% → 0.000%
- $3.36
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$33.64
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 4 min ago | 0.07 bp | 5.1 bp −$5 | 5.6 bp −$56 | 11.8 bp −$1,182 | 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 −0.0110% / S +0.0213% | 1h | 744.25 | +0.041% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0046% | 1h | 742.96 | −0.133% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0019% | 8h | 744.22 | +0.036% | $1.1M | $303K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.20 | +0.034% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.33 | +0.051% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 744.20 | +0.034% | $21.7M | $26.3M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.35 | +0.054% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.94 | −0.001% | $3.3M | $21.1M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.39 | +0.059% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.74 | +0.106% | $2K | $2.0M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.48 | +0.071% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.75 | +0.108% | $362K | $1.5M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.04 | +0.012% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.44 | +0.066% | $37.3M | $79.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.51 | −0.059% | $1.2M | $535K | 20x | as long as short |
| Variational Omni QQQ | +0.0035% | 8h | 744.15 | +0.027% | $17.1M | $7.5M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.24 | −0.095% | $694K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.25 | +0.175% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0046% | 1h | 743.96 | +0.001% | $425K | $149K | 20x | as long as short |
| Binance QQQUSDT | +0.0065% | 8h | 744.22 | +0.037% | $71.2M | $143.5M | 25x | as long as short |
| Nado QQQ-PERP | +0.0089% | 1h | 744.03 | +0.010% | $1.5M | $923K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.88 | −0.009% | $3.4M | $407K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.86 | −0.012% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythoslong | +0.0100% | 8h | 743.95 | long leg | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.47 | −0.064% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0146% | 8h | 744.35 | +0.054% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.88 | −0.009% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0872% | 4h | 744.12 | +0.023% | $761K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC