Funding you earn now, next payment 04:00 UTC+0.0767%/8h= +84.0% APRpaid last 24h +0.052%
Price spread now: edgeX against Phoenix+0.054%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−0.115%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.054% dearer against Phoenix than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment. 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 | 742.83 | 0.0118 | pay 0.0015% / 1h | 23m 44s | $38K | $66K | 20x |
| Short | edgeX QQQUSDC | 743.23 | 0.0886 | get 0.0443% / 4h | 3h 23m | $760K | $334K | 20x |
Phoenix QQQ
edgeX QQQUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $161.12
- Price spread: +0.054% → 0.000%
- $5.43
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $150.55
- Costs to cover
- 0.160%
- Break-even
- 0.5 days
Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 30 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 edgeX live order book, 30 min ago | 4.10 bp | 8.7 bp −$9 | 9.7 bp −$97 | 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 −0.0137% / S +0.0233% | 1h | 743.05 | +0.030% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0042% | 1h | 741.79 | −0.140% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.09 | +0.035% | $840K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.04 | +0.028% | $70.5M | $142.0M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.04 | +0.028% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.76 | −0.009% | $21.5M | $27.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.50 | −0.044% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.33 | +0.067% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.08 | +0.033% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.58 | +0.101% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.67 | −0.022% | $424K | $150K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.026% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.44 | +0.082% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.17 | +0.046% | $362K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.22 | +0.053% | $5.4M | $7.3M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0028% | 8h | 743.11 | +0.038% | $1.1M | $256K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.87 | +0.005% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.26 | +0.058% | $37.0M | $79.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.32 | −0.069% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.05 | +0.164% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0070% | 8h | 743.39 | +0.076% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0078% | 1h | 742.73 | −0.013% | $1.5M | $746K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.84 | +0.001% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.98 | +0.020% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.84 | +0.001% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.26 | −0.077% | $92K | $1K | 10x | as long as short |
| Phoenix QQQlong | +0.0118% | 1h | 742.83 | long leg | $38K | $66K | 20x | |
| edgeX QQQUSDCshort | +0.0886% | 4h | 743.23 | +0.054% | $760K | $334K | 20x |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP