Funding you earn now, next payment 09:00 UTC−0.0389%/8h= −42.6% APRnext payment −$0.49 per $10,000 · paid last 24h −0.054%
Price spread now: Ondo Perps against Phoenix−0.115%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.419%−$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Ondo Perps is 0.115% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | 741.34 | 0.0280 | pay 0.0035% / 1h | 15m 40s | $38K | $59K | 20x |
| Short | Ondo Perps QQQ-USD.P | 740.49 | −0.0109 | pay 0.0014% / 1h | 15m 40s | $4.2M | $1.8M | 20x |
Phoenix QQQ
Ondo Perps QQQ-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$81.75
- Price spread: −0.115% → 0.000%
- −$11.47
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$105.22
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Ondo Perps: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Phoenix and Ondo Perps: 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 exchanges
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 −0.0200% / S +0.0283% | 1h | 742.03 | +0.094% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.Pshort | −0.0109% | 1h | 740.49 | −0.115% | $4.2M | $1.8M | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 741.98 | +0.086% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.80 | +0.062% | $21.7M | $29.7M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.71 | +0.050% | $5.4M | $5.8M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.61 | +0.036% | $3.5M | $20.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.84 | +0.067% | $16.7M | $5.4M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.26 | +0.124% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.83 | +0.066% | $251K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.29 | +0.128% | $362K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0017% | 8h | 741.53 | +0.026% | $1.1M | $227K | 20x | as long as short |
| Variational Omni QQQ | +0.0028% | 8h | 741.87 | +0.071% | $16.8M | $7.2M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.70 | +0.049% | $7.5M | $15.0M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.18 | +0.113% | $38.4M | $78.2M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.31 | −0.004% | $1.2M | $528K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.11 | −0.031% | $648K | $1.4M | 25x | as long as short |
| Bybit QQQUSDT | +0.0044% | 8h | 742.14 | +0.108% | $10.6M | $4.9M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.87 | +0.206% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0054% | 8h | 742.03 | +0.093% | $71.1M | $141.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.56 | +0.030% | $3.4M | $447K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.16 | −0.024% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.67 | +0.045% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0101% | 1h | 741.69 | +0.047% | $424K | $125K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.13 | −0.028% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0116% | 1h | 741.44 | +0.013% | $1.6M | $795K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0193% | 8h | 741.90 | +0.076% | $321K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0276% | 4h | 741.57 | +0.031% | $758K | $336K | 20x | as long as short |
| Phoenix QQQlong | +0.0280% | 1h | 741.34 | long leg | $38K | $59K | 20x |
BloFin QQQ-USDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Bybit QQQUSDT
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Deribit QQQ_USDC-PERPETUAL
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC