Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.025%
Price spread now: Orderly against Aster−0.034%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Orderly is 0.034% cheaper against Aster than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 744.01 | 0 | get 0.0000% / 8h | 5h 28m | $841K | $713K | 20x |
| Short | Orderly PERP_QQQ_USDC_mythos | 743.76 | 0.0100 | get 0.0100% / 8h | 5h 28m | $12K | $21K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Aster. 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
- $21
- Price spread: −0.034% → 0.000%
- −$3.38
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $3.62
- Costs to cover
- 0.140%
- Break-even
- 5.8 days
Slippage unknown: Aster: live order book, 34 min ago; Orderly: 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 Aster live order book, 34 min ago | 0.81 bp | 5.3 bp −$5 | 6.5 bp −$65 | 39.9 bp −$3,990 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 −0.0111% / S +0.0213% | 1h | 744.00 | −0.001% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0047% | 1h | 742.94 | −0.144% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 744.01 | long leg | $841K | $713K | 20x | |
| Bybit QQQUSDT | 0.0000% | 8h | 744.12 | +0.015% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.94 | −0.010% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.07 | +0.008% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.64 | −0.050% | $3.3M | $21.1M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.38 | +0.050% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.44 | +0.058% | $2K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.67 | −0.046% | $425K | $149K | 20x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.48 | +0.063% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.44 | +0.058% | $362K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0020% | 8h | 744.28 | +0.036% | $1.1M | $303K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.77 | −0.032% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.19 | +0.024% | $37.3M | $79.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.51 | −0.067% | $1.2M | $534K | 20x | as long as short |
| Variational Omni QQQ | +0.0035% | 8h | 744.15 | +0.019% | $17.1M | $7.5M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.19 | −0.110% | $694K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.03 | +0.137% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0064% | 8h | 744.01 | 0.000% | $71.2M | $143.4M | 25x | as long as short |
| Nado QQQ-PERP | +0.0088% | 1h | 743.63 | −0.051% | $1.5M | $923K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.74 | −0.036% | $3.4M | $407K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.97 | −0.006% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythosshort | +0.0100% | 8h | 743.76 | −0.034% | $12K | $21K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.22 | −0.107% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0144% | 8h | 744.41 | +0.054% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.78 | −0.031% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0872% | 4h | 744.12 | +0.015% | $761K | $335K | 20x | as long as short |
Aster QQQUSDT
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC