QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0203%/8h= +22.2% APRnext payment +$0.25 per $10,000 · paid last 24h +0.009%

Price spread now: Phoenix against Vest−0.152%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Phoenix is 0.152% cheaper against Vest than usual: you would sell low and buy high (spread −0.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 2.5 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest QQQ-USD-PERP	741.55	0.0046	pay 0.0006% / 1h	42m 31s	—	$337K	50x
Short	Phoenix QQQ	740.42	0.0248	get 0.0031% / 1h	42m 31s	$38K	$65K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. 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 VestbpFee PhoenixbpOrdersPrice spread, now −0.152%Rate

Funding earned: $42.53
Price spread: −0.152% → 0.000%: −$15.24
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $18.3
Costs to cover: 0.090%
Break-even: 4.0 days

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

Vest and 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 −0.0182% / S +0.0269%	1h	740.72	−0.113%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	740.57	−0.133%	$823K	$865K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	740.40	−0.155%	$21.6M	$28.2M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	740.40	−0.156%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	740.17	−0.186%	$3.4M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	740.63	−0.124%	$16.5M	$5.2M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	740.75	−0.108%	$16.8M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	741.11	−0.059%	$2K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	740.77	−0.105%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	740.84	−0.096%	$362K	$1.6M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	+0.0005%	8h	740.57	−0.132%	$1.1M	$274K	20x	as long as short
Bybit QQQUSDT	+0.0011%	8h	740.56	−0.134%	$10.7M	$4.9M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	740.21	−0.181%	$1.2M	$491K	20x	as long as short
Binance QQQUSDT	+0.0030%	8h	740.56	−0.134%	$70.1M	$139.8M	25x	as long as short
Lighter QQQ	+0.0032%	1h	740.27	−0.173%	$7.7M	$15.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	740.59	−0.129%	$37.5M	$79.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	739.67	−0.254%	$646K	$1.7M	25x	as long as short
Vest QQQ-USD-PERPlong	+0.0046%	1h	741.55	long leg	—	$337K	50x
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.71	−0.248%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	740.11	−0.194%	$3.4M	$375K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	740.49	−0.143%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.43	−0.151%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	739.88	−0.225%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0151%	1h	740.00	−0.209%	$1.6M	$742K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0169%	1h	740.39	−0.156%	$423K	$157K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0191%	8h	741.11	−0.059%	$326K	$2.0M	10x	as long as short
Phoenix QQQshort	+0.0248%	1h	740.42	−0.152%	$38K	$65K	20x
edgeX QQQUSDC	+0.0762%	4h	740.81	−0.100%	$757K	$337K	20x	as long as short