Funding you earn now, next payment 01:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h −0.021%
Price spread now: Phoenix against Orderly+0.004%66s7-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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 66 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 | Orderly PERP_QQQ_USDC_mythos | 744.03 | 0.0100 | pay 0.0100% / 8h | 6h 45m | $12K | $21K | 20x |
| Short | Phoenix QQQ | 744.06 | 0.0183 | get 0.0023% / 1h | 45m 52s | $38K | $66K | 20x |
Orderly PERP_QQQ_USDC_mythos
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $17.36
- Price spread: +0.004% → 0.000%
- $0.4
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $4.76
- Costs to cover
- 0.130%
- Break-even
- 5.1 days
Slippage unknown: Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Orderly 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 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 | −0.0204% | 1h | 742.93 | −0.148% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0095% / S +0.0201% | 1h | 744.35 | +0.042% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.32 | +0.039% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.15 | +0.016% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.97 | −0.008% | $3.3M | $20.7M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.80 | +0.103% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.75 | +0.097% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.42 | +0.052% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0015% | 8h | 744.33 | +0.040% | $841K | $712K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0026% | 8h | 744.31 | +0.038% | $1.1M | $319K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex 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 | 744.08 | +0.007% | $7.7M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.52 | +0.066% | $37.4M | $79.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.49 | −0.073% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.27 | +0.167% | — | $356K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.05 | +0.003% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0066% | 8h | 744.26 | +0.031% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0092% | 8h | 744.32 | +0.039% | $71.2M | $147.6M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0100% | 1h | 744.11 | +0.011% | $425K | $148K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.01 | −0.003% | $3.4M | $408K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.99 | −0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythoslong | +0.0100% | 8h | 744.03 | long leg | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.57 | −0.062% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0107% | 8h | 744.42 | +0.052% | $16.9M | $5.9M | 20x | as long as short |
| Nado QQQ-PERP | +0.0120% | 1h | 743.99 | −0.006% | $1.5M | $1.1M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.42 | +0.053% | $5.4M | $8.2M | 25x | as long as short |
| Phoenix QQQshort | +0.0183% | 1h | 744.06 | +0.004% | $38K | $66K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0277% | 8h | 744.51 | +0.065% | $319K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0321% | 4h | 744.35 | +0.043% | $761K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Aevo QQQ-PERP
Bitget QQQUSDT
Nado QQQ-PERP
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
edgeX QQQUSDC