QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0194%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h +0.007%

Price spread now: Coinbase International against Phoenix−0.013%72s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$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: −$6 a day on $10k at the current rate. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QQQ	743.83	0.0258	pay 0.0032% / 1h	31m 31s	$38K	$66K	20x
Short	Coinbase International QQQ-PERP-INTX	743.73	0.0064	get 0.0008% / 1h	31m 31s	$1.2M	$547K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. 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 PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$40.81
Price spread: −0.013% → 0.000%: −$1.34
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$59.16
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	0.07 bp	6.8 bp −$7	8.6 bp −$86	45.2 bp −$4,524	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
Ondo Perps QQQ-USD.P	−0.0366%	1h	742.79	−0.140%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0085% / S +0.0193%	1h	744.33	+0.067%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0025%	8h	744.01	+0.024%	$1.1M	$318K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.98	+0.021%	$841K	$739K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.10	+0.036%	$21.5M	$25.0M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.99	+0.022%	$3.2M	$27.5M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.77	+0.126%	$1K	$2.2M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.40	+0.077%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.46	+0.085%	$362K	$1.4M	10x	as long as short
Bybit QQQUSDT	+0.0001%	8h	744.38	+0.074%	$10.7M	$4.9M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	744.08	+0.034%	$7.6M	$18.2M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.53	+0.094%	$37.3M	$79.9M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.51	−0.043%	$747K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.82	+0.133%	—	$306K	50x	as long as short
Variational Omni QQQ	+0.0046%	8h	744.16	+0.044%	$17.1M	$9.8M	—	as long as short
Coinbase International QQQ-PERP-INTXshort	+0.0064%	1h	743.73	−0.013%	$1.2M	$547K	20x
Binance QQQUSDT	+0.0074%	8h	744.34	+0.069%	$71.1M	$152.0M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.92	+0.012%	$3.4M	$411K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.74	−0.012%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.06	+0.031%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.50	−0.044%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0110%	1h	743.78	−0.007%	$1.5M	$1.2M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.13	+0.040%	$425K	$147K	20x	as long as short
Bitget QQQUSDT	+0.0173%	8h	744.22	+0.052%	$16.9M	$6.6M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.32	+0.066%	$5.4M	$8.7M	25x	as long as short
Phoenix QQQlong	+0.0258%	1h	743.83	long leg	$38K	$66K	20x
GRVT QQQ_USDT_Perp	+0.0273%	8h	744.30	+0.063%	$316K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0458%	4h	744.12	+0.039%	$761K	$336K	20x	as long as short