QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against Phemex−0.085%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Orderly

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Orderly is 0.085% cheaper against Phemex than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QQQUSDT	742.14	0	get 0.0000% / 8h	11m 59s	$362K	$1.6M	10x
Short	Orderly PERP_QQQ_USDC_mythos	741.51	0.0100	get 0.0100% / 8h	11m 59s	$12K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. 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 PhemexbpFee OrderlybpOrdersPrice spread, now −0.085%Rate

Funding earned: $21
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.49
Costs to cover: 0.180%
Break-even: 8.8 days

Slippage unknown: Phemex: live order book, 1 min ago; Orderly: 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 Phemex live order book, 1 min ago	2.76 bp	32.0 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 −0.0176% / S +0.0264%	1h	741.88	−0.034%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0150%	1h	741.01	−0.152%	$4.2M	$1.8M	20x	as long as short
Gate QQQ_USDT	−0.0092%	8h	741.25	−0.120%	$3.3M	$21.7M	50x	as long as short
BloFin QQQ-USDT	−0.0023%	8h	741.73	−0.055%	$1.1M	$274K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.73	−0.055%	$824K	$864K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.69	−0.061%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.49	−0.088%	$21.4M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.71	−0.059%	$5.4M	$5.9M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.93	−0.028%	$16.5M	$5.4M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.75	−0.053%	$16.8M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.22	+0.011%	$2K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.05	−0.012%	$251K	$41K	30x	as long as short
Phemex QQQUSDTlong	0.0000%	8h	742.14	long leg	$362K	$1.6M	10x
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.15	−0.133%	$1.2M	$488K	20x	as long as short
Binance QQQUSDT	+0.0023%	8h	741.69	−0.060%	$70.3M	$141.0M	25x	as long as short
edgeX QQQUSDC	+0.0027%	4h	741.76	−0.051%	$758K	$337K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.55	−0.079%	$7.7M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.84	−0.040%	$37.3M	$81.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.99	−0.155%	$647K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.84	+0.094%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.33	−0.109%	$3.4M	$351K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.34	−0.108%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythosshort	+0.0100%	8h	741.51	−0.085%	$12K	$21K	20x
Aevo QQQ-PERP	+0.0104%	1h	741.10	−0.140%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0139%	1h	741.51	−0.085%	$1.6M	$748K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0143%	8h	741.98	−0.022%	$314K	$2.0M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0222%	1h	741.62	−0.070%	$424K	$156K	20x	as long as short
Phoenix QQQ	+0.0227%	1h	741.64	−0.067%	$38K	$65K	20x	as long as short