Funding you earn now, next payment 01:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.22 per $10,000 · paid last 24h −0.056%
Price spread now: Ondo Perps against Phoenix−0.071%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.471%−$47 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 0.071% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | 744.04 | 0.0183 | pay 0.0023% / 1h | 54m 16s | $38K | $66K | 20x |
| Short | Ondo Perps QQQ-USD.P | 743.51 | 0.0004 | get 0.0001% / 1h | 54m 16s | $4.2M | $1.9M | 20x |
Phoenix QQQ
Ondo Perps QQQ-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$37.52
- Price spread: −0.071% → 0.000%
- −$7.12
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$56.64
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample | — | — | — | — | — |
Phoenix and Ondo Perps: 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 27 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 −0.0106% / S +0.0209% | 1h | 744.50 | +0.062% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.40 | +0.049% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.52 | +0.065% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.45 | +0.055% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.068% | $5.4M | $7.8M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.11 | +0.009% | $3.3M | $20.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.56 | +0.070% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.99 | +0.128% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.72 | +0.091% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.94 | +0.121% | $359K | $1.4M | 10x | as long as short |
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-USDT
Phemex QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.Pshort | +0.0004% | 1h | 743.51 | −0.071% | $4.2M | $1.9M | 20x | |
| Lighter QQQ | +0.0032% | 1h | 744.26 | +0.030% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.69 | +0.087% | $37.3M | $78.3M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.022% | $1.2M | $532K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.52 | −0.070% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.44 | +0.188% | — | $337K | 50x | as long as short |
| edgeX QQQUSDC | +0.0046% | 4h | 744.33 | +0.039% | $761K | $333K | 20x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.38 | +0.046% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 744.50 | +0.062% | $71.2M | $144.7M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.13 | +0.012% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.08 | +0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.16 | +0.016% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.72 | −0.043% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0108% | 1h | 744.12 | +0.011% | $1.5M | $923K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 744.26 | +0.030% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0172% | 8h | 744.62 | +0.078% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQlong | +0.0183% | 1h | 744.04 | long leg | $38K | $66K | 20x |
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
edgeX QQQUSDC
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp