QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: Phoenix against Vest−0.207%58s7-day average — · you buy dearer than you sell

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

Long on Vest Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.207% cheaper against Vest than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 8.2 days of funding at the current rate (+$3 a day). The two prices were read 58 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	Vest QQQ-USD-PERP	744.08	0.0046	pay 0.0006% / 1h	10m 16s	—	$337K	50x
Short	Phoenix QQQ	742.54	0.0129	get 0.0016% / 1h	10m 16s	$38K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. 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 VestbpFee PhoenixbpOrdersPrice spread, now −0.207%Rate

Funding earned: $17.57
Price spread: −0.207% → 0.000%: −$20.7
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$12.13
Costs to cover: 0.090%
Break-even: 11.8 days

Slippage unknown: Vest: no order-book sample; Phoenix: 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 Vest no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Vest and 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
GMX QQQ/USD [ETH-USDC]	L −0.0152% / S +0.0245%	1h	743.38	−0.093%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0020%	8h	742.85	−0.165%	$1.1M	$277K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.94	−0.153%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	743.39	−0.093%	$70.0M	$144.9M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.30	−0.105%	$10.6M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.20	−0.118%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	743.09	−0.133%	$5.4M	$6.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.56	−0.204%	$3.3M	$21.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.35	−0.098%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.18	−0.120%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	743.92	−0.022%	$2K	$1.8M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.77	−0.176%	$1.2M	$541K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.33	−0.101%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.50	−0.078%	$361K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0003%	1h	742.06	−0.271%	$4.2M	$1.8M	20x	as long as short
Lighter QQQ	+0.0032%	1h	743.12	−0.129%	$7.6M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.55	−0.071%	$36.9M	$80.9M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.04	−0.274%	$688K	$1.6M	25x	as long as short
Vest QQQ-USD-PERPlong	+0.0046%	1h	744.08	long leg	—	$337K	50x
GRVT QQQ_USDT_Perp	+0.0090%	8h	742.89	−0.160%	$315K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.80	−0.172%	$3.4M	$363K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.56	−0.204%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.01	−0.144%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0100%	1h	742.97	−0.149%	$424K	$152K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.46	−0.218%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0122%	1h	742.76	−0.177%	$1.5M	$748K	20x	as long as short
Phoenix QQQshort	+0.0129%	1h	742.54	−0.207%	$38K	$66K	20x
edgeX QQQUSDC	+0.0907%	4h	742.99	−0.147%	$760K	$333K	20x	as long as short