Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.2% APRpaid last 24h −0.032%
Price spread now: Gate against Phoenix0.000%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−0.215%−$21 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: −$7 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 | 740.33 | 0.0248 | pay 0.0031% / 1h | 49m 06s | $38K | $65K | 20x |
| Short | Gate QQQ_USDT | 740.33 | 0 | get 0.0000% / 8h | 7h 49m | $3.4M | $20.5M | 50x |
Phoenix QQQ
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$52.13
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$74.13
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago | 1.96 bp | 10.8 bp −$11 | 13.3 bp −$133 | 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 −0.0181% / S +0.0268% | 1h | 741.04 | +0.097% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.84 | +0.069% | $823K | $865K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.98 | +0.088% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.68 | +0.047% | $21.6M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.79 | +0.061% | $5.4M | $5.8M | 25x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 740.33 | 0.000% | $3.4M | $20.5M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 740.85 | +0.070% | $16.5M | $5.2M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.01 | +0.092% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 741.34 | +0.136% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.13 | +0.108% | $250K | $41K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 741.25 | +0.124% | $362K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.11 | −0.030% | $1.2M | $490K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0025% | 8h | 740.70 | +0.050% | $1.1M | $274K | 20x | as long as short |
| Binance QQQUSDT | +0.0027% | 8h | 740.99 | +0.089% | $70.2M | $140.1M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.70 | +0.050% | $7.7M | $15.0M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.05 | +0.097% | $37.5M | $78.9M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.05 | −0.038% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.85 | +0.205% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 740.14 | −0.026% | $4.2M | $1.8M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0063% | 8h | 741.14 | +0.109% | $326K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0074% | 1h | 740.72 | +0.053% | $423K | $157K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.53 | +0.027% | $3.4M | $369K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 740.52 | +0.026% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.63 | +0.041% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.17 | −0.022% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0147% | 1h | 740.44 | +0.015% | $1.6M | $744K | 20x | as long as short |
| edgeX QQQUSDC | +0.0210% | 4h | 740.86 | +0.072% | $757K | $335K | 20x | as long as short |
| Phoenix QQQlong | +0.0248% | 1h | 740.33 | long leg | $38K | $65K | 20x |
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
edgeX QQQUSDC