Funding you earn now, next payment 06:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.13 per $10,000 · paid last 24h +0.014%
Price spread now: ApeX Omni against Phoenix+0.004%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.012%+$1 on $10k
+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: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 741.83 | 0.0205 | pay 0.0026% / 1h | 49m 58s | $38K | $66K | 20x |
| Short | ApeX Omni QQQUSDT | 741.86 | 0.0100 | get 0.0013% / 1h | 49m 58s | $20K | $2.2M | 50x |
Phoenix QQQ
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$22
- Price spread: +0.004% → 0.000%
- $0.4
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$38.6
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; ApeX Omni: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 4 min ago | 3.77 bp | 9.9 bp −$10 | 26.6 bp −$266 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0156% / S +0.0249% | 1h | 742.37 | +0.072% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0033% | 1h | 741.01 | −0.111% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0012% | 8h | 742.07 | +0.032% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.28 | +0.060% | $823K | $858K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.39 | +0.075% | $70.2M | $145.5M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.39 | +0.075% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.18 | +0.047% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.21 | +0.051% | $5.4M | $6.3M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.69 | −0.019% | $3.3M | $21.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.53 | +0.094% | $16.6M | $5.6M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | 0.0000% | 8h | 742.22 | +0.053% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.81 | +0.132% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.60 | +0.104% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.53 | +0.094% | $365K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.73 | −0.013% | $1.2M | $551K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.11 | +0.038% | $7.6M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.48 | +0.088% | $36.9M | $79.6M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0033% | 1h | 741.93 | +0.013% | $424K | $153K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.34 | −0.066% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.20 | +0.185% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.96 | +0.018% | $3.4M | $352K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 741.86 | +0.004% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.04 | +0.028% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.53 | −0.040% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0105% | 8h | 742.52 | +0.093% | $318K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0142% | 1h | 741.79 | −0.005% | $1.5M | $749K | 20x | as long as short |
| Phoenix QQQlong | +0.0205% | 1h | 741.83 | long leg | $38K | $66K | 20x | |
| edgeX QQQUSDC | +0.0513% | 4h | 742.27 | +0.060% | $759K | $335K | 20x | as long as short |
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
edgeX QQQUSDC