Funding you earn now, next payment 06:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.016%
Price spread now: Gate against Phoenix−0.036%107s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.036% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 107 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 | 741.63 | 0.0205 | pay 0.0026% / 1h | 15m 32s | $38K | $66K | 20x |
| Short | Gate QQQ_USDT | 741.36 | −0.0039 | pay 0.0039% / 8h | 1h 15m | $3.4M | $21.6M | 50x |
Phoenix QQQ
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$51.19
- Price spread: −0.036% → 0.000%
- −$3.64
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$76.83
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago | 1.55 bp | 9.6 bp −$10 | 13.1 bp −$131 | doesn't fit | 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 −0.0163% / S +0.0254% | 1h | 741.99 | +0.048% | $25K | — | 26x | as long as short |
| Gate QQQ_USDTshort | −0.0039% | 8h | 741.36 | −0.036% | $3.4M | $21.6M | 50x | |
| Ondo Perps QQQ-USD.P | −0.0006% | 1h | 741.10 | −0.071% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.79 | +0.022% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.77 | +0.019% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.58 | −0.007% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.74 | +0.015% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.14 | +0.069% | $16.5M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.86 | +0.030% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.96 | +0.179% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 742.23 | +0.081% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.23 | +0.081% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0004% | 8h | 741.83 | +0.026% | $70.0M | $144.5M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0007% | 8h | 741.89 | +0.035% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.35 | −0.038% | $1.2M | $526K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.69 | +0.008% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.04 | +0.055% | $37.1M | $81.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.21 | −0.057% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.96 | +0.179% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.58 | −0.007% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.75 | +0.016% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.70 | +0.009% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0101% | 1h | 741.73 | +0.013% | $424K | $155K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.21 | −0.056% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0119% | 8h | 742.25 | +0.083% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0125% | 1h | 741.62 | −0.002% | $1.6M | $769K | 20x | as long as short |
| Phoenix QQQlong | +0.0205% | 1h | 741.63 | long leg | $38K | $66K | 20x | |
| edgeX QQQUSDC | +0.0566% | 4h | 742.09 | +0.063% | $759K | $336K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Deribit QQQ_USDC-PERPETUAL
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
edgeX QQQUSDC