Funding you earn now, next payment 19:00 UTC+0.0098%/8hpaid last 24h −0.086%
Price spread now: Binance against Phoenix+0.066%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−0.297%−$30 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.066% dearer against Phoenix than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.297%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 742.56 | 0.0022 | pay 0.0003% / 1h | 23m 35s | $38K | $73K | 20x |
| Short | Binance QQQUSDT | 743.05 | 0.0119 | get 0.0119% / 8h | 4h 23m | $69.8M | $155.0M | 25x |
Phoenix QQQ
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $20.54
- Price spread: +0.066% → 0.000%
- $6.6
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $10.13
- Costs to cover
- 0.170%
- Break-even
- 3.5 days
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 9 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 Binance live order book, 9 min ago | 0.07 bp | 5.1 bp −$5 | 5.5 bp −$55 | 8.3 bp −$829 | 22.2 bp −$11.1K |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0081% | 1h | 741.84 | −0.097% | $4.2M | $2.3M | 20x | as long as short |
| Arcus QQQ-USD | −0.0037% | 1h | 742.33 | −0.031% | $757K | $1.5M | 25x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0026% / S +0.0134% | 1h | 743.13 | +0.077% | $25K | — | 53x | as long as short |
| Gate QQQ_USDT | −0.0016% | 8h | 742.26 | −0.040% | $3.1M | $33.8M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.97 | +0.055% | $21.3M | $26.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.08 | +0.070% | $5.2M | $9.0M | 25x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.54 | +0.132% | $2K | $2.4M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.16 | +0.081% | $257K | $33K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.42 | +0.116% | $360K | $1.3M | 10x | as long as short |
| Phoenix QQQlong | +0.0022% | 1h | 742.56 | long leg | $38K | $73K | 20x |
Ondo Perps QQQ-USD.P
Arcus QQQ-USD
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 742.90 | +0.046% | $8.0M | $21.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.33 | +0.104% | $39.3M | $84.1M | 50x | as long as short |
| Aster QQQUSDT | +0.0037% | 8h | 743.02 | +0.062% | $846K | $584K | 20x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.68 | +0.151% | — | $621K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 742.77 | +0.028% | $1.2M | $848K | 20x | as long as short |
| Bybit QQQUSDT | +0.0066% | 8h | 743.09 | +0.071% | $10.6M | $5.8M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.90 | +0.046% | $424K | $303K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.69 | +0.018% | $3.4M | $439K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.60 | +0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.45 | −0.015% | $7K | $15K | 20x | as long as short |
| Variational Omni QQQ | +0.0101% | 8h | 742.68 | +0.016% | $17.2M | $10.4M | — | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.44 | −0.016% | $92K | $1K | 10x | as long as short |
| Binance QQQUSDTshort | +0.0119% | 8h | 743.05 | +0.066% | $69.8M | $155.0M | 25x | |
| BloFin QQQ-USDT | +0.0120% | 8h | 742.22 | −0.046% | $1.1M | $511K | 20x | as long as short |
| Nado QQQ-PERP | +0.0151% | 1h | 742.64 | +0.010% | $1.5M | $1.4M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0203% | 8h | 743.10 | +0.073% | $321K | $1.5M | 10x | as long as short |
| Bitget QQQUSDT | +0.0284% | 8h | 743.13 | +0.077% | $16.9M | $7.5M | 20x | as long as short |
| edgeX QQQUSDC | +0.0516% | 4h | 742.88 | +0.043% | $760K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Aster QQQUSDT
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Variational Omni QQQ
Aevo QQQ-PERP
BloFin QQQ-USDT
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
edgeX QQQUSDC