Spread before costs (cost unknown: a leg has no order-book sample)+0.008%
7d average—if it closes, per $10,000$1funding while held, a day+$2.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 736.75 | −0.0087 | get 0.0011% / 1h | 24m 47s | $38K | $74K | 20x |
| Short | OKX QQQ-USDT-SWAP | 736.81 | 0 | get 0.0000% / 8h | 24m 47s | $20.2M | $19.4M | 50x |
Phoenix QQQ
OKX QQQ-USDT-SWAPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0.81
- Funding while held
- $2.61
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$13.58
- Spread needed to break even
- 0.170%
Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0087%
- Per $10,000 a day
- +$2.61
- 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 OKX live order book, 5 min ago | 0.07 bp | 5.1 bp −$5 | 5.2 bp −$52 | 12.7 bp −$1,272 | 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.Phemex735.49cheapestOndo Perps735.52+0.004%Coinbase International736.34+0.116%Arcus736.50+0.137%Gate736.55+0.144%Aevo736.59+0.149%KuCoin736.69+0.163%
Phemex
Ondo Perps
Coinbase International
Arcus
Gate
Aevo
KuCoinPhoenix736.75+0.171%
Nado736.77+0.174%
NadoOKX736.81+0.179%
ApeX Omni736.82+0.181%BloFin736.82+0.181%Deribit736.84+0.184%Aster736.97+0.201%Orderly737.00+0.205%Bitget737.09+0.218%edgeX737.12+0.221%Binance737.13+0.222%Bybit737.23+0.237%Lighter737.26+0.241%Variational Omni737.27+0.242%GMX737.30+0.247%Lighter RH737.31+0.247%RISEx737.34+0.252%HTX737.58+0.284%SunX737.76+0.309%Vest737.87+0.324%
ApeX Omni
BloFin
Deribit
Aster
Orderly
Bitget
Binance
Bybit
Lighter
Variational Omni
GMX
Lighter RH
RISEx
HTX
SunX
VestQQQ on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | −0.171% | 0.0000% | 8h | $360K | $1.3M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | −0.167% | −0.0224% | 1h | $4.3M | $1.9M | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | −0.056% | −0.0032% | 1h | $1.2M | $788K | 20x | as long as short |
| Arcus QQQ-USD | −0.034% | +0.0040% | 1h | $795K | $1.4M | 25x | as long as short |
| Gate QQQ_USDT | −0.027% | 0.0000% | 8h | $2.7M | $32.3M | 50x | as long as short |
| Aevo QQQ-PERP | −0.022% | +0.0104% | 1h | $92K | $1K | 10x | as long as short |
| KuCoin QQQUSDTM | −0.008% | +0.0100% | 8h | $3.4M | $412K | 20x | as long as short |
| Phoenix QQQlong | 0.000% | −0.0087% | 1h | $38K | $74K | 20x | |
| Nado QQQ-PERP | +0.002% | +0.0162% | 1h | $1.5M | $1.4M | 20x | as long as short |
| OKX QQQ-USDT-SWAPshort | +0.008% | 0.0000% | 8h | $20.2M | $19.4M | 50x |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni QQQUSDT | +0.010% | +0.0100% | 1h | $16K | $2.1M | 50x | as long as short |
| BloFin QQQ-USDT | +0.010% | +0.0120% | 8h | $1.0M | $463K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.012% | 0.0000% | 1h | $421K | $298K | 20x | as long as short |
| Aster QQQUSDT | +0.030% | +0.0003% | 8h | $549K | $202K | 20x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.034% | +0.0100% | 8h | $7K | — | 20x | as long as short |
| Bitget QQQUSDT | +0.046% | +0.0223% | 8h | $16.5M | $6.7M | 20x | as long as short |
| edgeX QQQUSDC | +0.050% | −0.0648% | 4h | $753K | $331K | 20x | as long as short |
| Binance QQQUSDT | +0.051% | +0.0063% | 8h | $62.0M | $115.5M | 25x | as long as short |
| Bybit QQQUSDT | +0.065% | +0.0026% | 8h | $10.7M | $4.7M | 50x | as long as short |
| Lighter QQQ | +0.069% | +0.0264% | 1h | $8.3M | $18.0M | 30x | as long as short |
| Variational Omni QQQ | +0.071% | +0.0039% | 8h | $17.6M | $8.9M | — | as long as short |
| GMX QQQ/USD [ETH-USDC] | +0.075% | L +0.0020% / S +0.0041% | 1h | $13K | — | 53x | as long as short |
| Lighter RH QQQ | +0.076% | +0.0040% | 1h | $40.6M | $74.2M | 50x | as long as short |
| RISEx QQQ/USDC | +0.080% | +0.0065% | 1h | $5.5M | $8.9M | 25x | as long as short |
| HTX QQQ-USDT | +0.113% | 0.0000% | 8h | $258K | $26K | 30x | as long as short |
| SunX QQQ-USDT | +0.137% | 0.0000% | 8h | $2K | $2.2M | 10x | as long as short |
| Vest QQQ-USD-PERP | +0.152% | +0.0046% | 1h | — | $490K | 50x | as long as short |