Funding you earn now, next payment 06:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.006%
Price spread now: Phoenix against Arcus+0.090%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.090% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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 | Arcus QQQ-USD | 741.13 | 0.0040 | pay 0.0005% / 1h | 26m 09s | $686K | $1.6M | 25x |
| Short | Phoenix QQQ | 741.80 | 0.0205 | get 0.0026% / 1h | 26m 09s | $38K | $66K | 20x |
Arcus QQQ-USD
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Arcus. 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
- $34.54
- Price spread: +0.090% → 0.000%
- $9.04
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $32.08
- Costs to cover
- 0.115%
- Break-even
- 0.5 days
Slippage unknown: Arcus: live order book, 3 min ago; 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 Arcus live order book, 3 min ago | 0.67 bp | 5.0 bp −$5 | 8.3 bp −$83 | 23.0 bp −$2,299 | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 −0.0161% / S +0.0252% | 1h | 742.09 | +0.129% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0025% | 8h | 741.38 | +0.034% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.98 | +0.115% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.88 | +0.101% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.90 | +0.104% | $21.4M | $28.4M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | 0.0000% | 1h | 740.83 | −0.040% | $4.2M | $1.8M | 20x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.76 | +0.085% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.18 | +0.142% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.69 | +0.075% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.93 | +0.243% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Ondo Perps QQQ-USD.P
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 742.14 | +0.136% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.41 | +0.173% | $366K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.10 | +0.130% | $70.0M | $144.6M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0012% | 8h | 741.84 | +0.096% | $1.1M | $278K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.36 | +0.031% | $1.2M | $547K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.82 | +0.093% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.23 | +0.148% | $37.0M | $80.5M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 741.13 | long leg | $686K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.96 | +0.247% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.59 | +0.062% | $3.4M | $353K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.61 | +0.065% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.71 | +0.078% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.26 | +0.018% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0115% | 8h | 741.97 | +0.114% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0132% | 1h | 741.53 | +0.054% | $1.5M | $764K | 20x | as long as short |
| Phoenix QQQshort | +0.0205% | 1h | 741.80 | +0.090% | $38K | $66K | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0236% | 1h | 741.83 | +0.094% | $424K | $154K | 20x | as long as short |
| edgeX QQQUSDC | +0.0865% | 4h | 741.94 | +0.110% | $759K | $333K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC