QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against Phemex−0.117%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.117% cheaper against Phemex than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QQQUSDT	743.37	0	get 0.0000% / 8h	3h 04m	$361K	$1.6M	10x
Short	Orderly PERP_QQQ_USDC_mythos	742.50	0.0100	get 0.0100% / 8h	3h 04m	$12K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. 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 PhemexbpFee OrderlybpOrdersPrice spread, now −0.117%Rate

Funding earned: $21
Price spread: −0.117% → 0.000%: −$11.7
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.7
Costs to cover: 0.180%
Break-even: 9.9 days

Slippage unknown: Phemex: live order book, 3 min ago; Orderly: 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 Phemex live order book, 3 min ago	3.77 bp	33.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 −0.0141% / S +0.0236%	1h	742.82	−0.075%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0010%	1h	741.70	−0.225%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.80	−0.077%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	742.83	−0.073%	$70.1M	$143.8M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.82	−0.074%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.58	−0.106%	$21.6M	$27.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.16	−0.163%	$3.3M	$21.3M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.92	−0.061%	$16.7M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.76	−0.083%	$17.1M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	743.31	−0.008%	$2K	$1.9M	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	742.39	−0.132%	$424K	$151K	20x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.27	−0.148%	$1.2M	$538K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.85	−0.070%	$257K	$29K	30x	as long as short
Phemex QQQUSDTlong	0.0000%	8h	743.37	long leg	$361K	$1.6M	10x
RISEx QQQ/USDC	+0.0010%	1h	742.84	−0.071%	$5.4M	$7.3M	25x	as long as short
BloFin QQQ-USDT	+0.0022%	8h	742.86	−0.069%	$1.1M	$246K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.63	−0.100%	$7.7M	$15.9M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.01	−0.048%	$36.9M	$79.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.03	−0.180%	$704K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.68	+0.042%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0073%	8h	742.97	−0.054%	$320K	$1.9M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.46	−0.122%	$3.4M	$343K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.35	−0.137%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythosshort	+0.0100%	8h	742.50	−0.117%	$12K	$21K	20x
Nado QQQ-PERP	+0.0103%	1h	742.39	−0.132%	$1.5M	$763K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.98	−0.187%	$92K	$1K	10x	as long as short
Phoenix QQQ	+0.0118%	1h	742.50	−0.117%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0178%	4h	742.80	−0.077%	$759K	$334K	20x	as long as short