Funding you earn now, next payment 07:00 UTC−0.0227%/8h= −24.8% APRpaid last 24h −0.019%
Price spread now: SunX against Phoenix+0.117%69s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.195%−$20 on $10k
+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. SunX is 0.117% dearer against Phoenix than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.195% in total) that is about 4.2 days. The two prices were read 69 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 | 741.17 | 0.0227 | pay 0.0028% / 1h | 8m 18s | $38K | $65K | 20x |
| Short | SunX QQQ-USDT | 742.04 | 0 | get 0.0000% / 8h | 8m 18s | $2K | $1.7M | 10x |
Phoenix QQQ
SunX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$47.57
- Price spread: +0.117% → 0.000%
- $11.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$50.83
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago | 21.62 bp | 38.0 bp −$38 | doesn't fit | 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 −0.0177% / S +0.0265% | 1h | 741.71 | +0.072% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0130% | 1h | 740.82 | −0.047% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0094% | 8h | 741.22 | +0.007% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0005% | 8h | 741.47 | +0.040% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.69 | +0.070% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.70 | +0.072% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.39 | +0.030% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.50 | +0.044% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.82 | +0.088% | $16.5M | $5.3M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.57 | +0.054% | $16.8M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDTshort | 0.0000% | 8h | 742.04 | +0.117% | $2K | $1.7M | 10x | |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.37 | +0.027% | $424K | $156K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.93 | +0.103% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.04 | +0.117% | $359K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.15 | −0.003% | $1.2M | $486K | 20x | as long as short |
| Binance QQQUSDT | +0.0025% | 8h | 741.70 | +0.072% | $70.3M | $140.6M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.48 | +0.042% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.84 | +0.090% | $37.4M | $81.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.86 | −0.042% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.61 | +0.194% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.28 | +0.015% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.13 | −0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.46 | +0.039% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.97 | −0.027% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0140% | 1h | 741.25 | +0.010% | $1.6M | $744K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0144% | 8h | 741.77 | +0.081% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQlong | +0.0227% | 1h | 741.17 | long leg | $38K | $65K | 20x | |
| edgeX QQQUSDC | +0.0942% | 4h | 741.62 | +0.061% | $758K | $335K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC