Funding you earn now, next payment 23:00 UTC−0.0194%/8h= −21.2% APRpaid last 24h 0.000%
Price spread now: Aster against Phoenix+0.051%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−0.194%−$19 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.051% dearer against Phoenix than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.194% in total) that is about 44 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 742.65 | 0.0194 | pay 0.0024% / 1h | 49m 29s | $38K | $73K | 20x |
| Short | Aster QQQUSDT | 743.03 | 0 | get 0.0000% / 8h | 49m 29s | $841K | $780K | 20x |
Phoenix QQQ
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$40.72
- Price spread: +0.051% → 0.000%
- $5.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$50.62
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Aster: live order book, 28 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 Aster live order book, 28 min ago | 0.74 bp | 4.7 bp −$5 | 6.0 bp −$60 | 68.6 bp −$6,857 | 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 −0.0069% / S +0.0181% | 1h | 743.27 | +0.084% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0019% | 8h | 742.84 | +0.026% | $1.0M | $468K | 20x | as long as short |
| Aster QQQUSDTshort | 0.0000% | 8h | 743.03 | +0.051% | $841K | $780K | 20x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.10 | +0.061% | $21.5M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.72 | +0.009% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.73 | +0.145% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.14 | +0.066% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.69 | +0.140% | $361K | $1.4M | 10x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.47 | −0.024% | $737K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.67 | +0.137% | — | $621K | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | +0.0046% | 8h | 743.13 | +0.065% | $17.6M | $10.3M | — | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.20 | −0.061% | $4.2M | $2.1M | 20x | as long as short |
| Lighter RH QQQ | +0.0056% | 1h | 743.46 | +0.109% | $37.7M | $78.7M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.80 | +0.020% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDT | +0.0078% | 8h | 743.27 | +0.083% | $71.0M | $160.5M | 25x | as long as short |
| Bybit QQQUSDT | +0.0095% | 8h | 743.39 | +0.100% | $10.7M | $5.2M | 50x | as long as short |
| Lighter QQQ | +0.0096% | 1h | 743.14 | +0.066% | $7.7M | $20.8M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.74 | +0.012% | $3.4M | $424K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.72 | +0.009% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.95 | +0.040% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.54 | −0.015% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0184% | 1h | 742.74 | +0.013% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0187% | 8h | 743.36 | +0.095% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.44 | +0.106% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQlong | +0.0194% | 1h | 742.65 | long leg | $38K | $73K | 20x | |
| Bitget QQQUSDT | +0.0196% | 8h | 743.10 | +0.061% | $16.9M | $7.1M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0235% | 1h | 743.01 | +0.048% | $424K | $187K | 20x | as long as short |
| edgeX QQQUSDC | +0.0925% | 4h | 743.13 | +0.064% | $760K | $336K | 20x | as long as short |
Variational Omni QQQ
Ondo Perps QQQ-USD.P
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Bybit QQQUSDT
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Bitget QQQUSDT
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC