QQQ

Alert

Funding spread now, next payment 18:00 UTC−0.0010%/8h

next payment, per $10,000−$0.01paid, last 24h−0.005%paid, last 5 days−0.218%to open and closeno order book

Long on Coinbase International Short on Phoenix

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International QQQ-PERP-INTX	740.52	0.0064	pay 0.0008% / 1h	21m 37s	$1.2M	$843K	20x
Short	Phoenix QQQ	740.30	0.0054	get 0.0007% / 1h	21m 37s	$38K	$73K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee PhoenixbpOrdersRate

Funding earned: −$2.08
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$19.08
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.030%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 3 min ago	0.07 bp	6.5 bp −$6	7.5 bp −$75	44.7 bp −$4,472	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 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps QQQ-USD.P	−0.0265%	1h	$4.2M	$2.2M	20x	as long as short
Arcus QQQ-USD	−0.0043%	1h	$757K	$1.5M	25x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0013% / S +0.0113%	1h	$23K	—	53x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	$21.1M	$24.9M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	$5.4M	$9.1M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	$3.0M	$33.5M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	$2K	$2.5M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	$256K	$33K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	$362K	$1.3M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0007%	1h	$423K	$302K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster QQQUSDT	+0.0029%	8h	$838K	$571K	20x	as long as short
Lighter QQQ	+0.0032%	1h	$8.0M	$21.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	$39.6M	$82.4M	50x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	—	$619K	50x	as long as short
Phoenix QQQshort	+0.0054%	1h	$38K	$73K	20x
Bybit QQQUSDT	+0.0060%	8h	$10.8M	$5.5M	50x	as long as short
Coinbase International QQQ-PERP-INTXlong	+0.0064%	1h	$1.2M	$843K	20x
Variational Omni QQQ	+0.0100%	8h	$17.7M	$10.0M	—	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	$3.4M	$434K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	$20K	$2.1M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	$7K	$15K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	$92K	$1K	10x	as long as short
Binance QQQUSDT	+0.0117%	8h	$69.9M	$151.0M	25x	as long as short
BloFin QQQ-USDT	+0.0120%	8h	$1.0M	$491K	20x	as long as short
Nado QQQ-PERP	+0.0123%	1h	$1.5M	$1.4M	20x	as long as short
Bitget QQQUSDT	+0.0278%	8h	$16.8M	$7.5M	20x	as long as short
edgeX QQQUSDC	+0.0878%	4h	$757K	$335K	20x	as long as short