Funding you earn now, next payment 02:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Phoenix+0.026%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. ApeX Omni is 0.026% dearer against Phoenix than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.012% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 743.80 | 0.0161 | pay 0.0020% / 1h | 48m 58s | $38K | $66K | 20x |
| Short | ApeX Omni QQQUSDT | 743.99 | 0.0100 | get 0.0013% / 1h | 48m 58s | $20K | $2.2M | 50x |
Phoenix QQQ
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$12.88
- Price spread: +0.026% → 0.000%
- $2.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$27.33
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; ApeX Omni: live order book, 5 min ago. 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 ApeX Omni live order book, 5 min ago | 3.76 bp | 9.7 bp −$10 | 24.6 bp −$246 | doesn't fit | doesn't fit |
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: 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 −0.0107% / S +0.0210% | 1h | 744.18 | +0.052% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.03 | +0.031% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.20 | +0.054% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.14 | +0.046% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.29 | +0.066% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.80 | 0.000% | $3.3M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | +0.089% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.63 | +0.112% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.24 | +0.059% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.56 | +0.102% | $361K | $1.4M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0005% | 4h | 744.28 | +0.065% | $761K | $334K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0009% | 1h | 743.42 | −0.051% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.87 | +0.009% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.29 | +0.066% | $37.3M | $78.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.74 | −0.008% | $1.2M | $534K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.43 | −0.050% | $705K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.15 | +0.182% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 744.19 | +0.052% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 744.12 | +0.043% | $71.1M | $144.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.82 | +0.003% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 743.99 | +0.026% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.89 | +0.012% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.37 | −0.058% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0115% | 1h | 743.89 | +0.012% | $1.5M | $923K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 743.96 | +0.022% | $425K | $149K | 20x | as long as short |
| Phoenix QQQlong | +0.0161% | 1h | 743.80 | long leg | $38K | $66K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0165% | 8h | 744.45 | +0.087% | $322K | $1.9M | 10x | as long as short |
edgeX QQQUSDC
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp