Spread before costs (cost unknown: a leg has no order-book sample)+0.062%
7d average—if it closes, per $10,000$6funding while held, a day−$6.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix QQQ | 738.99 | 0.0227 | pay 0.0028% / 1h | 27m 01s | $38K | $74K | 20x |
| Short | Phemex QQQUSDT | 739.45 | 0 | get 0.0000% / 8h | 6h 27m | $359K | $1.2M | 10x |
Phoenix QQQ
Phemex QQQUSDTPrice 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
- $6.22
- Funding while held
- −$6.82
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$19.6
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0227%
- Per $10,000 a day
- −$6.82
- 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 Phemex live order book, 2 min ago | 2.10 bp | 25.6 bp −$26 | doesn't fit | 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 price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps738.36cheapestArcus738.67+0.042%Gate738.78+0.057%Aevo738.82+0.062%Nado738.90+0.073%KuCoin738.92+0.076%
Ondo Perps
Arcus
Gate
Aevo
Nado
KuCoinPhoenix738.99+0.085%
ApeX Omni739.01+0.088%Lighter739.05+0.093%RISEx739.08+0.097%Variational Omni739.11+0.101%Deribit739.16+0.108%OKX739.17+0.110%BloFin739.17+0.110%Coinbase International739.20+0.114%Aster739.24+0.119%Orderly739.30+0.127%Binance739.32+0.129%GMX739.33+0.131%Bitget739.34+0.133%Bybit739.37+0.137%Lighter RH739.43+0.145%
ApeX Omni
Lighter
RISEx
Variational Omni
Deribit
OKX
BloFin
Coinbase International
Aster
Orderly
Binance
GMX
Bitget
Bybit
Lighter RHPhemex739.45+0.148%
edgeX739.56+0.163%HTX739.61+0.169%SunX739.79+0.194%Vest739.91+0.210%
HTX
SunX
VestQQQ 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 | −0.085% | −0.0084% | 1h | $4.2M | $2.1M | 20x | as long as short |
| Arcus QQQ-USD | −0.043% | +0.0040% | 1h | $761K | $1.5M | 25x | as long as short |
| Gate QQQ_USDT | −0.028% | 0.0000% | 8h | $2.9M | $33.6M | 50x | as long as short |
| Aevo QQQ-PERP | −0.023% | +0.0104% | 1h | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | −0.012% | +0.0104% | 1h | $1.5M | $1.4M | 20x | as long as short |
| KuCoin QQQUSDTM | −0.009% | +0.0100% | 8h | $3.4M | $432K | 20x | as long as short |
| Phoenix QQQlong | 0.000% | +0.0227% | 1h | $38K | $74K | 20x | |
| ApeX Omni QQQUSDT | +0.003% | +0.0100% | 1h | $22K | $2.1M | 50x | as long as short |
| Lighter QQQ | +0.008% | +0.0032% | 1h | $8.0M | $20.8M | 30x | as long as short |
| RISEx QQQ/USDC | +0.012% | +0.0041% | 1h | $5.6M | $8.9M | 25x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | +0.016% | +0.0111% | 8h | $17.7M | $9.8M | — | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.023% | +0.0183% | 1h | $422K | $309K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | +0.024% | 0.0000% | 8h | $21.0M | $23.6M | 50x | as long as short |
| BloFin QQQ-USDT | +0.024% | +0.0020% | 8h | $1.0M | $471K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.028% | +0.0048% | 1h | $1.2M | $838K | 20x | as long as short |
| Aster QQQUSDT | +0.034% | +0.0055% | 8h | $824K | $522K | 20x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.042% | +0.0100% | 8h | $7K | $15K | 20x | as long as short |
| Binance QQQUSDT | +0.044% | +0.0130% | 8h | $69.7M | $147.6M | 25x | as long as short |
| GMX QQQ/USD [ETH-USDC] | +0.045% | L −0.0011% / S +0.0112% | 1h | $23K | — | 53x | as long as short |
| Bitget QQQUSDT | +0.047% | +0.0281% | 8h | $16.6M | $7.2M | 20x | as long as short |
| Bybit QQQUSDT | +0.051% | +0.0087% | 8h | $10.8M | $5.1M | 50x | as long as short |
| Lighter RH QQQ | +0.060% | +0.0032% | 1h | $39.8M | $80.5M | 50x | as long as short |
| Phemex QQQUSDTshort | +0.062% | 0.0000% | 8h | $359K | $1.2M | 10x | |
| edgeX QQQUSDC | +0.077% | +0.0307% | 4h | $756K | $334K | 20x | as long as short |
| HTX QQQ-USDT | +0.084% | 0.0000% | 8h | $258K | $27K | 30x | as long as short |
| SunX QQQ-USDT | +0.108% | 0.0000% | 8h | $2K | $2.5M | 10x | as long as short |
| Vest QQQ-USD-PERP | +0.124% | +0.0046% | 1h | — | $619K | 50x | as long as short |