QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0587%/8h= −64.2% APRnext payment −$0.73 per $10,000 · paid last 24h −0.077%

Price spread now: GMX against Phoenix+0.102%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. GMX is 0.102% dearer against Phoenix than usual: you sell high and buy low (spread +0.102% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QQQ	742.33	0.0302	pay 0.0038% / 1h	43m 48s	$38K	$59K	20x
Short	GMX QQQ/USD [ETH-USDC]	743.09	L −0.0203% / S +0.0285%	pay 0.0036% / 1h	43m 48s	$25K	—	26x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$123.18
Price spread: +0.102% → 0.000%: $10.17
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$132.01
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Phoenix and GMX: 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 exchanges

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]short	L −0.0203% / S +0.0285%	1h	743.09	+0.102%	$25K	—	26x
Ondo Perps QQQ-USD.P	−0.0129%	1h	740.96	−0.185%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.11	+0.105%	$856K	$903K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.89	+0.075%	$21.7M	$30.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	742.87	+0.072%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.61	+0.038%	$3.5M	$19.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.03	+0.094%	$17.0M	$5.9M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.62	+0.174%	$2K	$1.5M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	742.68	+0.047%	$398K	$108K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.27	+0.127%	$247K	$45K	30x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	743.40	+0.144%	$362K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0016%	8h	742.87	+0.073%	$1.1M	$237K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.52	+0.026%	$7.3M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.13	+0.108%	$38.7M	$77.1M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	742.87	+0.073%	$1.2M	$541K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.93	−0.054%	$659K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.86	+0.206%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0052%	8h	742.97	+0.086%	$16.8M	$6.9M	—	as long as short
Bybit QQQUSDT	+0.0068%	8h	743.09	+0.102%	$10.5M	$4.8M	50x	as long as short
Binance QQQUSDT	+0.0077%	8h	743.15	+0.110%	$71.6M	$145.9M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.72	+0.053%	$3.4M	$470K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.82	+0.066%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.84	+0.069%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.30	−0.004%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0134%	1h	742.50	+0.023%	$1.6M	$770K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0250%	8h	743.56	+0.166%	$318K	$2.1M	10x	as long as short
Phoenix QQQlong	+0.0302%	1h	742.33	long leg	$38K	$59K	20x
edgeX QQQUSDC	+0.0715%	4h	743.15	+0.111%	$760K	$336K	20x	as long as short