QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0439%/8h= +48.1% APRnext payment +$0.55 per $10,000 · paid last 24h +0.034%

Price spread now: Phoenix against GMX−0.042%235s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.042% cheaper against GMX than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$13 a day). The two prices were read 235 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	GMX QQQ/USD [ETH-USDC]	742.04	L −0.0191% / S +0.0276%	get 0.0024% / 1h	56m 51s	$25K	—	26x
Short	Phoenix QQQ	741.73	0.0248	get 0.0031% / 1h	56m 51s	$38K	$59K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against GMX. 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 GMXbpFee PhoenixbpOrdersPrice spread, now −0.042%Rate

Funding earned: $92.25
Price spread: −0.042% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $69
Costs to cover: 0.190%
Break-even: 1.8 days

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

GMX 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]long	L −0.0191% / S +0.0276%	1h	742.04	long leg	$25K	—	26x
Ondo Perps QQQ-USD.P	−0.0028%	1h	740.71	−0.180%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0007%	8h	741.88	−0.022%	$1.1M	$281K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.01	−0.005%	$857K	$902K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.06	+0.002%	$21.6M	$30.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.77	−0.036%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.68	−0.049%	$3.5M	$19.7M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.32	+0.037%	$16.5M	$5.2M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	742.54	+0.067%	$2K	$1.6M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.48	+0.059%	$251K	$38K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	742.33	+0.038%	$361K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0027%	8h	741.87	−0.024%	$16.7M	$7.2M	—	as long as short
Lighter QQQ	+0.0032%	1h	741.82	−0.030%	$7.6M	$14.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.23	+0.025%	$38.3M	$76.7M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	741.51	−0.072%	$1.2M	$509K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.11	−0.126%	$647K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.87	+0.111%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0054%	8h	742.19	+0.020%	$71.0M	$141.9M	25x	as long as short
Bybit QQQUSDT	+0.0084%	8h	742.36	+0.042%	$10.7M	$5.0M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.83	−0.029%	$3.4M	$412K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.48	−0.076%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.79	−0.034%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0101%	1h	741.67	−0.051%	$424K	$125K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.25	−0.107%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0156%	1h	741.46	−0.079%	$1.6M	$754K	20x	as long as short
Phoenix QQQshort	+0.0248%	1h	741.73	−0.042%	$38K	$59K	20x
GRVT QQQ_USDT_Perp	+0.0282%	8h	742.11	+0.009%	$315K	$2.0M	10x	as long as short
edgeX QQQUSDC	+0.0446%	4h	742.01	−0.005%	$759K	$334K	20x	as long as short