Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.019%
Price spread now: Aevo against Phoenix−0.025%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Aevo is 0.025% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 742.48 | 0.0118 | pay 0.0015% / 1h | 13m 53s | $38K | $66K | 20x |
| Short | Aevo QQQ-PERP | 742.29 | 0.0104 | get 0.0013% / 1h | 13m 53s | $92K | $1K | 10x |
Phoenix QQQ
Aevo QQQ-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phoenix. 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
- −$3
- Price spread: −0.025% → 0.000%
- −$2.51
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$28.52
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Aevo: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aevo no order-book sample | — | — | — | — | — |
Phoenix and Aevo: 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 −0.0139% / S +0.0235% | 1h | 743.18 | +0.095% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0026% | 8h | 743.10 | +0.084% | $1.1M | $246K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0018% | 1h | 741.97 | −0.069% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.84 | +0.048% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.22 | +0.100% | $70.2M | $142.9M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.14 | +0.089% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.01 | +0.071% | $21.5M | $27.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.47 | −0.001% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.29 | +0.109% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.13 | +0.088% | $17.1M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.59 | +0.149% | $1K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.78 | +0.040% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.43 | +0.128% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.48 | +0.135% | $361K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.19 | +0.095% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.96 | +0.065% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.32 | +0.113% | $37.0M | $79.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.31 | −0.023% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.05 | +0.211% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0067% | 8h | 743.40 | +0.124% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0086% | 1h | 742.77 | +0.040% | $1.5M | $760K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.83 | +0.047% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.84 | +0.048% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.88 | +0.054% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERPshort | +0.0104% | 1h | 742.29 | −0.025% | $92K | $1K | 10x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0114% | 1h | 742.93 | +0.061% | $424K | $151K | 20x | as long as short |
| Phoenix QQQlong | +0.0118% | 1h | 742.48 | long leg | $38K | $66K | 20x | |
| edgeX QQQUSDC | +0.0856% | 4h | 743.06 | +0.079% | $760K | $336K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC