QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0213%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h +0.005%

Price spread now: Vest against Phoenix+0.133%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.133% dearer against Phoenix than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QQQ	741.88	0.0259	pay 0.0032% / 1h	49m 15s	$38K	$73K	20x
Short	Vest QQQ-USD-PERP	742.87	0.0046	get 0.0006% / 1h	49m 15s	—	$621K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee VestbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$44.77
Price spread: +0.133% → 0.000%: $13.34
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$40.43
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Vest: 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 Vest no order-book sample	—	—	—	—	—

Phoenix and Vest: 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 −0.0065% / S +0.0178%	1h	742.34	+0.061%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0010%	1h	741.25	−0.085%	$4.2M	$2.2M	20x	as long as short
BloFin QQQ-USDT	−0.0006%	8h	742.10	+0.030%	$1.0M	$483K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.17	+0.039%	$21.5M	$28.3M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.03	+0.020%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.77	+0.120%	$1K	$2.4M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	741.93	+0.007%	$424K	$305K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.63	+0.101%	$257K	$32K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.78	+0.121%	$362K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0009%	8h	742.05	+0.023%	$840K	$780K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	742.25	+0.050%	$7.8M	$21.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.61	+0.098%	$37.7M	$81.1M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.55	−0.044%	$737K	$1.4M	25x	as long as short
Vest QQQ-USD-PERPshort	+0.0046%	1h	742.87	+0.133%	—	$621K	50x
Variational Omni QQQ	+0.0064%	8h	742.23	+0.047%	$17.2M	$10.1M	—	as long as short
Bybit QQQUSDT	+0.0086%	8h	742.46	+0.078%	$10.7M	$5.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0088%	1h	741.80	−0.011%	$1.2M	$873K	20x	as long as short
Binance QQQUSDT	+0.0089%	8h	742.34	+0.062%	$69.6M	$162.7M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.80	−0.011%	$3.4M	$441K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.87	−0.001%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.19	−0.093%	$7K	$16K	20x	as long as short
edgeX QQQUSDC	+0.0103%	4h	742.22	+0.046%	$759K	$336K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.64	−0.032%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0160%	1h	741.89	+0.002%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0187%	8h	742.41	+0.071%	$323K	$1.7M	10x	as long as short
Bitget QQQUSDT	+0.0221%	8h	742.41	+0.071%	$16.7M	$7.3M	20x	as long as short
Phoenix QQQlong	+0.0259%	1h	741.88	long leg	$38K	$73K	20x
RISEx QQQ/USDC	+0.0315%	1h	742.49	+0.083%	$5.4M	$9.3M	25x	as long as short