QQQ

Alert

Funding spread now, next payment 16:00 UTC−0.0025%/8h

next payment, per $10,000−$0.03paid, last 24h−0.004%paid, last 5 days−0.069%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter QQQ	739.29	0.0144	pay 0.0018% / 1h	11m 41s	$8.1M	$18.4M	30x
Short	Phoenix QQQ	738.94	0.0119	get 0.0015% / 1h	11m 41s	$38K	$74K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee PhoenixbpOrdersRate

Funding earned: −$5.18
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$12.18
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.047%
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 Lighter live order book, 3 min ago	0.41 bp	0.5 bp $0	2.2 bp −$22	13.8 bp −$1,384	51.1 bp −$25.5K
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	−0.0297%	1h	$4.3M	$1.9M	20x	as long as short
BloFin QQQ-USDT	−0.0004%	8h	$1.0M	$469K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	$20.9M	$23.1M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	$2.8M	$33.4M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	$2K	$2.4M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	$258K	$27K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	$359K	$1.3M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0008%	1h	$1.2M	$823K	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L +0.0009% / S +0.0095%	1h	$23K	—	53x	as long as short
Lighter RH QQQ	+0.0032%	1h	$39.9M	$78.7M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus QQQ-USD	+0.0040%	1h	$788K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	—	$539K	50x	as long as short
Aster QQQUSDT	+0.0056%	8h	$818K	$512K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	$3.4M	$428K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	$22K	$2.1M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	$14K	$8K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	$92K	$1K	10x	as long as short
Variational Omni QQQ	+0.0109%	8h	$17.5M	$9.4M	—	as long as short
Phoenix QQQshort	+0.0119%	1h	$38K	$74K	20x
Deribit QQQ_USDC-PERPETUAL	+0.0129%	1h	$422K	$308K	20x	as long as short
Binance QQQUSDT	+0.0131%	8h	$72.2M	$139.5M	25x	as long as short
Lighter QQQlong	+0.0144%	1h	$8.1M	$18.4M	30x
Bybit QQQUSDT	+0.0195%	8h	$10.8M	$5.0M	50x	as long as short
Nado QQQ-PERP	+0.0206%	1h	$1.5M	$1.4M	20x	as long as short
RISEx QQQ/USDC	+0.0221%	1h	$5.5M	$9.0M	25x	as long as short
Bitget QQQUSDT	+0.0276%	8h	$16.5M	$7.2M	20x	as long as short
edgeX QQQUSDC	+0.0490%	4h	$756K	$337K	20x	as long as short