QQQ

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.139%

7d average—if it closes, per $10,000$14funding while held, a day+$5.90

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix QQQ	734.82	−0.0197	get 0.0025% / 1h	28m 32s	$50K	$24K	20x
Short	Bybit QQQUSDT	735.84	0	get 0.0000% / 8h	1h 28m	$10.9M	$4.7M	50x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PhoenixbpFee BybitbpOrdersClose when spread is

Spread captured: $13.88
Funding while held: $5.9
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1.78
Spread needed to break even: 0.180%

Slippage unknown: Phoenix: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0197%
Per $10,000 a day: +$5.90
Average in range /8h: —

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 Bybit live order book, 1 min ago	0.41 bp	7.1 bp −$7	10.0 bp −$100	61.6 bp −$6,156	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 price on every exchange

against the cheapest. Click to use as the short leg.

QQQ on 27 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps QQQ-USD.P	−0.078%	−0.0154%	1h	$4.3M	$1.8M	20x	as long as short
Coinbase International QQQ-PERP-INTX	−0.016%	−0.0056%	1h	$1.2M	$783K	20x	as long as short
Aevo QQQ-PERP	−0.011%	+0.0104%	1h	$91K	$1K	10x	as long as short
Phoenix QQQlong	0.000%	−0.0197%	1h	$50K	$24K	20x
BloFin QQQ-USDT	+0.023%	+0.0120%	8h	$987K	$454K	20x	as long as short
edgeX QQQUSDC	+0.024%	−0.0602%	4h	$751K	$334K	20x	as long as short
Arcus QQQ-USD	+0.029%	−0.0073%	1h	$781K	$1.4M	25x	as long as short
ApeX Omni QQQUSDT	+0.042%	+0.0100%	1h	$16K	$2.1M	50x	as long as short
Gate QQQ_USDT	+0.048%	0.0000%	8h	$2.7M	$30.9M	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.050%	0.0000%	1h	$420K	$291K	20x	as long as short

Show all 27 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Nado QQQ-PERP	+0.058%	+0.0047%	1h	$1.5M	$1.3M	20x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.065%	+0.0100%	8h	$6K	—	20x	as long as short
KuCoin QQQUSDTM	+0.067%	+0.0100%	8h	$3.3M	$386K	20x	as long as short
Variational Omni QQQ	+0.067%	+0.0008%	8h	$17.6M	$8.7M	—	as long as short
OKX QQQ-USDT-SWAP	+0.079%	0.0000%	8h	$19.9M	$17.3M	50x	as long as short
Phemex QQQUSDT	+0.091%	0.0000%	8h	$359K	$1.3M	10x	as long as short
HTX QQQ-USDT	+0.093%	0.0000%	8h	$257K	$26K	30x	as long as short
RISEx QQQ/USDC	+0.093%	0.0000%	1h	$5.3M	$8.3M	25x	as long as short
GMX QQQ/USD [ETH-USDC]	+0.105%	L +0.0026% / S +0.0036%	1h	$13K	—	26x	as long as short
Aster QQQUSDT	+0.112%	0.0000%	8h	$547K	$200K	20x	as long as short
Binance QQQUSDT	+0.114%	+0.0033%	8h	$61.7M	$109.6M	25x	as long as short
Bitget QQQUSDT	+0.125%	+0.0206%	8h	$16.7M	$6.1M	20x	as long as short
Bybit QQQUSDTshort	+0.139%	0.0000%	8h	$10.9M	$4.7M	50x
Lighter QQQ	+0.143%	+0.0168%	1h	$7.4M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.155%	+0.0064%	1h	$40.7M	$70.1M	50x	as long as short
SunX QQQ-USDT	+0.171%	0.0000%	8h	$2K	$2.0M	10x	as long as short
Vest QQQ-USD-PERP	+0.225%	+0.0046%	1h	—	$348K	50x	as long as short