Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h −0.003%
Price spread now: Phoenix against ApeX Omni−0.013%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.020%−$2 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: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni QQQUSDT | 741.70 | 0.0100 | pay 0.0013% / 1h | 7m 23s | $20K | $2.2M | 50x |
| Short | Phoenix QQQ | 741.60 | 0.0280 | get 0.0035% / 1h | 7m 23s | $38K | $59K | 20x |
ApeX Omni QQQUSDT
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- $37.9
- Price spread: −0.013% → 0.000%
- −$1.35
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $19.55
- Costs to cover
- 0.170%
- Break-even
- 3.4 days
Slippage unknown: ApeX Omni: live order book, 5 min ago; 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 ApeX Omni live order book, 5 min ago | 3.71 bp | 10.0 bp −$10 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 exchanges
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 −0.0202% / S +0.0285% | 1h | 742.34 | +0.086% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0110% | 1h | 741.12 | −0.078% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0015% | 8h | 741.88 | +0.024% | $1.1M | $228K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.78 | +0.145% | $858K | $900K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.79 | +0.147% | $21.8M | $29.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.39 | +0.093% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.14 | +0.059% | $3.5M | $20.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.14 | +0.194% | $16.8M | $5.4M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.79 | +0.147% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.105% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.45 | +0.101% | $362K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0030% | 8h | 742.09 | +0.052% | $16.8M | $7.2M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.42 | +0.097% | $7.5M | $15.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.84 | +0.154% | $38.4M | $78.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.31 | −0.053% | $1.2M | $527K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.66 | −0.005% | $651K | $1.4M | 25x | as long as short |
| Bybit QQQUSDT | +0.0045% | 8h | 742.97 | +0.171% | $10.7M | $4.9M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.49 | +0.241% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0058% | 8h | 742.98 | +0.172% | $71.3M | $142.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.15 | +0.061% | $3.4M | $455K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 741.70 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.63 | +0.125% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.27 | +0.077% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0113% | 1h | 741.87 | +0.023% | $1.6M | $773K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0155% | 1h | 741.94 | +0.032% | $424K | $125K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0198% | 8h | 742.32 | +0.084% | $321K | $2.0M | 10x | as long as short |
| Phoenix QQQshort | +0.0280% | 1h | 741.60 | −0.013% | $38K | $59K | 20x | |
| edgeX QQQUSDC | +0.0498% | 4h | 742.08 | +0.051% | $759K | $335K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Bybit QQQUSDT
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
edgeX QQQUSDC