Funding you earn now, next payment 08:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.008%
Price spread now: BloFin against Phoenix+0.020%106s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.313%−$31 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BloFin is 0.020% dearer against Phoenix than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 106 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 | Phoenix QQQ | 741.73 | 0.0248 | pay 0.0031% / 1h | 55m 20s | $38K | $59K | 20x |
| Short | BloFin QQQ-USDT | 741.88 | −0.0007 | pay 0.0007% / 8h | 6h 55m | $1.1M | $281K | 20x |
Phoenix QQQ
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phoenix. 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
- −$53.57
- Price spread: +0.020% → 0.000%
- $2.02
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$70.55
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 7 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 7 min ago | 0.14 bp | 6.1 bp −$6 | 7.2 bp −$72 | 11.5 bp −$1,151 | doesn't fit |
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 −0.0192% / S +0.0277% | 1h | 741.62 | −0.016% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0062% | 1h | 740.71 | −0.138% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDTshort | −0.0007% | 8h | 741.88 | +0.020% | $1.1M | $281K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 741.86 | +0.017% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.49 | −0.032% | $21.6M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.62 | −0.015% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.22 | −0.069% | $3.5M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.65 | −0.011% | $16.7M | $5.3M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.44 | +0.096% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.101% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.39 | +0.089% | $362K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0029% | 8h | 741.96 | +0.031% | $16.8M | $7.3M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.45 | −0.038% | $7.6M | $14.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.85 | +0.016% | $38.3M | $76.8M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.63 | −0.013% | $1.2M | $512K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.93 | −0.108% | $647K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.58 | +0.115% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0055% | 8h | 741.62 | −0.015% | $70.9M | $141.9M | 25x | as long as short |
| Bybit QQQUSDT | +0.0078% | 8h | 741.77 | +0.005% | $10.6M | $5.0M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.31 | −0.057% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.74 | +0.001% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.46 | −0.036% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.85 | −0.118% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0145% | 1h | 741.38 | −0.047% | $1.6M | $744K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0182% | 1h | 741.25 | −0.065% | $423K | $126K | 20x | as long as short |
| Phoenix QQQlong | +0.0248% | 1h | 741.73 | long leg | $38K | $59K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0277% | 8h | 742.31 | +0.078% | $315K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0704% | 4h | 741.86 | +0.018% | $759K | $335K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
edgeX QQQUSDC