Funding you earn now, next payment 07:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.016%
Price spread now: Phoenix against OKX−0.012%76s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 76 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 | OKX QQQ-USDT-SWAP | 741.60 | 0 | get 0.0000% / 8h | 34m 15s | $21.4M | $28.4M | 50x |
| Short | Phoenix QQQ | 741.51 | 0.0227 | get 0.0028% / 1h | 34m 15s | $38K | $65K | 20x |
OKX QQQ-USDT-SWAP
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $47.57
- Price spread: −0.012% → 0.000%
- −$1.21
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $29.36
- Costs to cover
- 0.170%
- Break-even
- 2.7 days
Slippage unknown: OKX: 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 OKX live order book, 4 min ago | 0.07 bp | 5.1 bp −$5 | 5.9 bp −$59 | 13.9 bp −$1,387 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0177% | 1h | 740.56 | −0.140% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0172% / S +0.0261% | 1h | 741.84 | +0.032% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0075% | 8h | 741.40 | −0.027% | $3.3M | $21.6M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 741.72 | +0.016% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.83 | +0.031% | $821K | $861K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.94 | +0.046% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAPlong | 0.0000% | 8h | 741.60 | long leg | $21.4M | $28.4M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.66 | +0.008% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.99 | +0.053% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.73 | +0.018% | $16.8M | $7.2M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
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 | 742.63 | +0.139% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.04 | +0.059% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.27 | +0.090% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0011% | 8h | 741.82 | +0.030% | $70.2M | $142.2M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.51 | −0.012% | $1.2M | $491K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.61 | +0.001% | $7.7M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.89 | +0.039% | $37.3M | $80.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.26 | −0.046% | $644K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.76 | +0.156% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0087% | 1h | 741.63 | +0.004% | $424K | $156K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.52 | −0.011% | $3.4M | $360K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.38 | −0.030% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.62 | +0.003% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.18 | −0.057% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0119% | 1h | 741.51 | −0.012% | $1.6M | $763K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0127% | 8h | 741.96 | +0.048% | $325K | $2.0M | 10x | as long as short |
| Phoenix QQQshort | +0.0227% | 1h | 741.51 | −0.012% | $38K | $65K | 20x | |
| edgeX QQQUSDC | +0.0600% | 4h | 741.80 | +0.027% | $758K | $335K | 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
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC