QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Phemex against OKX+0.056%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$760.758% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now +0.056%, 7d avg +0.043%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QQQ-USDT-SWAP	743.94	0	get 0.0000% / 8h	5h 25m	$21.7M	$26.3M	50x
Short	Phemex QQQUSDT	744.36	0	get 0.0000% / 8h	5h 25m	$362K	$1.5M	10x

Funding history

latest

Range statsloading…

Phemex against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee PhemexbpOrdersPrice spread, now +0.056%Rate

Slippage from OKX: live order book, 3 min ago; Phemex: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	0.07 bp	5.1 bp −$5	5.7 bp −$57	12.8 bp −$1,279	doesn't fit
Sell Phemex live order book, 2 min ago	2.29 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit

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 −0.0111% / S +0.0214%	1h	744.08	+0.018%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0051%	1h	742.94	−0.134%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0007%	8h	743.95	+0.001%	$1.1M	$303K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.99	+0.007%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.10	+0.022%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPlong	0.0000%	8h	743.94	long leg	$21.7M	$26.3M	50x
RISEx QQQ/USDC	0.0000%	1h	744.04	+0.014%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.63	−0.042%	$3.3M	$21.1M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.35	+0.055%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.50	+0.075%	$2K	$2.0M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	743.67	−0.036%	$425K	$149K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.28	+0.046%	$257K	$29K	30x	as long as short
Phemex QQQUSDTshort	0.0000%	8h	744.36	+0.056%	$362K	$1.5M	10x
Variational Omni QQQ	+0.0032%	8h	743.92	−0.002%	$17.1M	$7.5M	—	as long as short
Lighter QQQ	+0.0032%	1h	743.78	−0.022%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.21	+0.036%	$37.3M	$79.5M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.51	−0.058%	$1.2M	$534K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.11	−0.112%	$694K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.02	+0.145%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0062%	8h	744.01	+0.009%	$71.2M	$143.3M	25x	as long as short
edgeX QQQUSDC	+0.0077%	4h	744.10	+0.022%	$761K	$336K	20x	as long as short
Nado QQQ-PERP	+0.0088%	1h	743.65	−0.039%	$1.5M	$922K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.74	−0.027%	$3.4M	$405K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.97	+0.004%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.77	−0.023%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.22	−0.097%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0142%	8h	744.14	+0.026%	$319K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0161%	1h	743.78	−0.022%	$38K	$66K	20x	as long as short