Funding you earn now, next payment 06:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.016%
Price spread now: Phoenix against Gate+0.036%62s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.209%+$21 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 +$7 a day on $10k at the current rate, and Phoenix is 0.036% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 62 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 | Gate QQQ_USDT | 741.36 | −0.0040 | get 0.0040% / 8h | 1h 14m | $3.4M | $21.6M | 50x |
| Short | Phoenix QQQ | 741.63 | 0.0205 | get 0.0026% / 1h | 14m 22s | $38K | $66K | 20x |
Gate QQQ_USDT
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $51.4
- Price spread: +0.036% → 0.000%
- $3.64
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $33.04
- Costs to cover
- 0.220%
- Break-even
- 2.5 days
Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago | 1.55 bp | 12.4 bp −$12 | 17.0 bp −$170 | doesn't fit | 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 −0.0163% / S +0.0254% | 1h | 741.88 | +0.069% | $25K | — | 26x | as long as short |
| Gate QQQ_USDTlong | −0.0040% | 8h | 741.36 | long leg | $3.4M | $21.6M | 50x | |
| BloFin QQQ-USDT | −0.0021% | 8h | 741.78 | +0.057% | $1.1M | $271K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0009% | 1h | 741.10 | −0.035% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.80 | +0.060% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.77 | +0.055% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.59 | +0.031% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.61 | +0.034% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.94 | +0.078% | $16.5M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.86 | +0.067% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.68 | +0.178% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.09 | +0.098% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.08 | +0.097% | $362K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0004% | 8h | 741.84 | +0.065% | $70.0M | $144.4M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.35 | −0.001% | $1.2M | $489K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.70 | +0.046% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.03 | +0.090% | $37.1M | $81.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.15 | −0.028% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.83 | +0.198% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.51 | +0.020% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.75 | +0.053% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.52 | +0.022% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.05 | −0.042% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0119% | 8h | 742.25 | +0.120% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0124% | 1h | 741.50 | +0.018% | $1.6M | $769K | 20x | as long as short |
| Phoenix QQQshort | +0.0205% | 1h | 741.63 | +0.036% | $38K | $66K | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0222% | 1h | 741.63 | +0.036% | $424K | $155K | 20x | as long as short |
| edgeX QQQUSDC | +0.0566% | 4h | 742.09 | +0.099% | $759K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
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