Funding you earn now, next payment 00:00 UTC−0.0258%/8h= −28.3% APRpaid last 24h −0.007%
Price spread now: SunX against Phoenix+0.074%51s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. SunX is 0.074% dearer against Phoenix than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.230% in total) that is about 2.3 days. The two prices were read 51 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 | 744.20 | 0.0258 | pay 0.0032% / 1h | 21m 37s | $38K | $66K | 20x |
| Short | SunX QQQ-USDT | 744.75 | 0 | get 0.0000% / 8h | 7h 21m | $2K | $2.2M | 10x |
Phoenix QQQ
SunX QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$54.25
- Price spread: +0.074% → 0.000%
- $7.39
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$61.86
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago | 21.60 bp | 38.1 bp −$38 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0339% | 1h | 742.93 | −0.171% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0087% / S +0.0195% | 1h | 744.21 | +0.001% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0001% | 8h | 744.17 | −0.004% | $1.1M | $318K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.23 | +0.004% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.00 | −0.027% | $21.4M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.89 | −0.042% | $3.2M | $28.0M | 50x | as long as short |
| SunX QQQ-USDTshort | 0.0000% | 8h | 744.75 | +0.074% | $2K | $2.2M | 10x | |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.164% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.50 | +0.040% | $362K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0004% | 8h | 744.21 | +0.001% | $841K | $714K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.03 | −0.023% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.33 | +0.017% | $37.3M | $80.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.60 | −0.081% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.78 | +0.078% | — | $306K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0046% | 1h | 743.88 | −0.043% | $425K | $147K | 20x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | +0.070% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.24 | +0.005% | $1.2M | $550K | 20x | as long as short |
| Binance QQQUSDT | +0.0081% | 8h | 744.26 | +0.008% | $71.1M | $152.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.91 | −0.039% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.80 | −0.054% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.97 | −0.031% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0104% | 1h | 743.78 | −0.057% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.43 | −0.104% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0172% | 8h | 744.34 | +0.019% | $16.9M | $6.2M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.26 | +0.008% | $5.4M | $8.6M | 25x | as long as short |
| Phoenix QQQlong | +0.0258% | 1h | 744.20 | long leg | $38K | $66K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0318% | 8h | 744.89 | +0.093% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0530% | 4h | 744.16 | −0.005% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
edgeX QQQUSDC