QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Phemex against OKX+0.048%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$760.764% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.048%, 7d avg +0.042%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QQQ-USDT-SWAP	744.26	0	get 0.0000% / 8h	5h 50m	$21.7M	$26.3M	50x
Short	Phemex QQQUSDT	744.62	0	get 0.0000% / 8h	5h 50m	$361K	$1.4M	10x

Funding history

latest

Range statsloading…

Phemex against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee PhemexbpOrdersPrice spread, now +0.048%Rate

Slippage from OKX: live order book, 4 min ago; Phemex: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	0.07 bp	5.1 bp −$5	5.4 bp −$54	12.7 bp −$1,274	doesn't fit
Sell Phemex live order book, 3 min ago	1.81 bp	30.7 bp −$31	doesn't fit	doesn't fit	doesn't fit

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 −0.0106% / S +0.0210%	1h	744.30	+0.006%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.21	−0.006%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.36	+0.013%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPlong	0.0000%	8h	744.26	long leg	$21.7M	$26.3M	50x
RISEx QQQ/USDC	0.0000%	1h	744.34	+0.011%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.95	−0.042%	$3.3M	$20.5M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.46	+0.027%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.75	+0.066%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.68	+0.056%	$257K	$29K	30x	as long as short
Phemex QQQUSDTshort	0.0000%	8h	744.62	+0.048%	$361K	$1.4M	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0005%	4h	744.28	+0.003%	$761K	$334K	20x	as long as short
Ondo Perps QQQ-USD.P	+0.0010%	1h	743.42	−0.113%	$4.2M	$1.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.05	−0.028%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.48	+0.030%	$37.3M	$78.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.88	−0.051%	$1.2M	$532K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.45	−0.109%	$705K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.25	+0.133%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0049%	8h	744.19	−0.009%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0074%	8h	744.28	+0.003%	$71.2M	$144.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.02	−0.032%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.99	−0.036%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.96	−0.040%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.49	−0.103%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0114%	1h	744.04	−0.029%	$1.5M	$923K	20x	as long as short
Phoenix QQQ	+0.0161%	1h	743.99	−0.036%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0169%	8h	744.51	+0.033%	$322K	$1.9M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0247%	1h	744.13	−0.017%	$425K	$149K	20x	as long as short