Funding you earn now, next payment 03:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.019%
Price spread now: KuCoin against Phoenix+0.007%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.013%−$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: −$1 a day on $10k at the current rate. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 744.09 | 0.0129 | pay 0.0016% / 1h | 38m 21s | $38K | $66K | 20x |
| Short | KuCoin QQQUSDTM | 744.14 | 0.0100 | get 0.0100% / 8h | 4h 38m | $3.4M | $390K | 20x |
Phoenix QQQ
KuCoin QQQUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$6.09
- Price spread: +0.007% → 0.000%
- $0.67
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$24.42
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago | 2.15 bp | 14.6 bp −$15 | 112.5 bp −$1,125 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0131% | 1h | 742.94 | −0.155% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0121% / S +0.0221% | 1h | 744.50 | +0.054% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.49 | +0.053% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.42 | +0.044% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | +0.027% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.061% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.91 | −0.024% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.59 | +0.067% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.114% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.082% | $257K | $29K | 30x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
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 | 744.65 | +0.075% | $360K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0006% | 8h | 744.39 | +0.040% | $17.1M | $7.5M | — | as long as short |
| BloFin QQQ-USDT | +0.0008% | 8h | 744.29 | +0.027% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.96 | −0.017% | $1.2M | $536K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.29 | +0.027% | $7.7M | $16.3M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.69 | −0.054% | $702K | $1.6M | 25x | as long as short |
| Binance QQQUSDT | +0.0042% | 8h | 744.49 | +0.054% | $71.1M | $141.8M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.46 | +0.184% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.79 | +0.094% | $36.9M | $78.9M | 50x | as long as short |
| Nado QQQ-PERP | +0.0098% | 1h | 744.18 | +0.012% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTMshort | +0.0100% | 8h | 744.14 | +0.007% | $3.4M | $390K | 20x | |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.20 | +0.015% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.24 | +0.020% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.68 | −0.055% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0114% | 8h | 744.62 | +0.071% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQlong | +0.0129% | 1h | 744.09 | long leg | $38K | $66K | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0220% | 1h | 744.42 | +0.044% | $425K | $149K | 20x | as long as short |
| edgeX QQQUSDC | +0.0728% | 4h | 744.46 | +0.050% | $761K | $333K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Binance QQQUSDT
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC