QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Orderly against Phemex−0.079%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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. Orderly is 0.079% cheaper against Phemex than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QQQUSDT	743.67	0	get 0.0000% / 8h	3h 41m	$360K	$1.6M	10x
Short	Orderly PERP_QQQ_USDC_mythos	743.08	0.0100	get 0.0100% / 8h	3h 41m	$12K	$21K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. 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 PhemexbpFee OrderlybpOrdersPrice spread, now −0.079%Rate

Funding earned: $21
Price spread: −0.079% → 0.000%: −$7.93
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$4.93
Costs to cover: 0.180%
Break-even: 8.6 days

Slippage unknown: Phemex: live order book, 2 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 Phemex live order book, 2 min ago	2.15 bp	36.3 bp −$36	doesn't fit	doesn't fit	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 −0.0133% / S +0.0231%	1h	743.36	−0.042%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0041%	1h	742.40	−0.171%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.24	−0.058%	$840K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.25	−0.056%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.12	−0.074%	$21.4M	$26.9M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.88	−0.106%	$3.3M	$20.9M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.70	+0.004%	$16.9M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.66	−0.001%	$17.1M	$7.4M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	743.81	+0.019%	$2K	$1.9M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.64	−0.139%	$1.2M	$536K	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	743.57	−0.013%	$257K	$29K	30x	as long as short
Phemex QQQUSDTlong	0.0000%	8h	743.67	long leg	$360K	$1.6M	10x
Binance QQQUSDT	+0.0007%	8h	743.35	−0.043%	$70.9M	$141.2M	25x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	743.38	−0.039%	$5.4M	$7.3M	25x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0019%	1h	743.08	−0.079%	$424K	$150K	20x	as long as short
BloFin QQQ-USDT	+0.0021%	8h	743.25	−0.056%	$1.1M	$256K	20x	as long as short
Lighter QQQ	+0.0032%	1h	743.20	−0.063%	$7.7M	$15.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.61	−0.008%	$37.0M	$78.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.85	−0.110%	$702K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.39	+0.097%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0076%	8h	743.87	+0.027%	$326K	$1.9M	10x	as long as short
Nado QQQ-PERP	+0.0089%	1h	743.28	−0.052%	$1.5M	$773K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.07	−0.081%	$3.4M	$340K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.28	−0.052%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythosshort	+0.0100%	8h	743.08	−0.079%	$12K	$21K	20x
Aevo QQQ-PERP	+0.0104%	1h	742.54	−0.152%	$92K	$1K	10x	as long as short
Phoenix QQQ	+0.0118%	1h	743.10	−0.077%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0798%	4h	743.49	−0.024%	$760K	$333K	20x	as long as short