QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h +0.002%

Price spread now: Deribit against Phoenix+0.036%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.036% dearer against Phoenix than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QQQ	744.10	0.0161	pay 0.0020% / 1h	10m 39s	$38K	$66K	20x
Short	Deribit QQQ_USDC-PERPETUAL	744.37	0.0126	get 0.0016% / 1h	10m 39s	$425K	$149K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$7.36
Price spread: +0.036% → 0.000%: $3.63
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$17.73
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 53 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 Deribit live order book, 53 min ago	0.07 bp	9.0 bp −$9	10.5 bp −$105	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 −0.0114% / S +0.0216%	1h	744.49	+0.052%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0070%	1h	743.09	−0.136%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.40	+0.040%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.64	+0.073%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.40	+0.040%	$21.5M	$26.9M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.52	+0.057%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.10	0.000%	$3.3M	$21.2M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.64	+0.073%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.84	+0.099%	$2K	$1.9M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.53	+0.058%	$257K	$29K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	744.72	+0.083%	$361K	$1.5M	10x	as long as short
BloFin QQQ-USDT	+0.0010%	8h	744.39	+0.039%	$1.1M	$293K	20x	as long as short
Variational Omni QQQ	+0.0022%	8h	744.27	+0.023%	$17.1M	$7.5M	—	as long as short
Lighter QQQ	+0.0032%	1h	744.35	+0.034%	$7.7M	$17.2M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.80	+0.094%	$37.1M	$80.2M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.97	−0.017%	$1.2M	$536K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.57	−0.071%	$695K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.41	+0.176%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0054%	8h	744.57	+0.063%	$71.2M	$143.1M	25x	as long as short
Nado QQQ-PERP	+0.0082%	1h	744.04	−0.008%	$1.5M	$879K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.26	+0.022%	$3.4M	$405K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.01	−0.012%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.27	+0.023%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.71	−0.053%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUALshort	+0.0126%	1h	744.37	+0.036%	$425K	$149K	20x
GRVT QQQ_USDT_Perp	+0.0127%	8h	744.48	+0.051%	$322K	$1.9M	10x	as long as short
Phoenix QQQlong	+0.0161%	1h	744.10	long leg	$38K	$66K	20x
edgeX QQQUSDC	+0.0279%	4h	744.31	+0.028%	$761K	$333K	20x	as long as short