Funding you earn now, next payment 03:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h −0.045%
Price spread now: Phoenix against RISEx−0.054%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.054% cheaper against RISEx than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$4 a day). The two prices were read 50 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 | RISEx QQQ/USDC | 744.33 | 0 | get 0.0000% / 1h | 7m 53s | $5.4M | $7.4M | 25x |
| Short | Phoenix QQQ | 743.93 | 0.0129 | get 0.0016% / 1h | 7m 53s | $38K | $66K | 20x |
RISEx QQQ/USDC
Phoenix QQQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against RISEx. 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
- $27.09
- Price spread: −0.054% → 0.000%
- −$5.43
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $8.66
- Costs to cover
- 0.130%
- Break-even
- 4.8 days
Slippage unknown: RISEx: live order book, 1 min ago; Phoenix: 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 RISEx live order book, 1 min ago | 0.07 bp | 3.1 bp −$3 | 4.0 bp −$40 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | −0.0129% | 1h | 743.28 | −0.142% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0127% / S +0.0226% | 1h | 744.28 | −0.007% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.23 | −0.014% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.29 | −0.006% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.08 | −0.034% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDClong | 0.0000% | 1h | 744.33 | long leg | $5.4M | $7.4M | 25x | |
| Gate QQQ_USDT | 0.0000% | 8h | 743.73 | −0.081% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.39 | +0.007% | $16.9M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | −0.030% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.73 | +0.053% | $2K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
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 | 744.63 | +0.040% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.47 | +0.018% | $359K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.072% | $1.2M | $536K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0010% | 8h | 744.09 | −0.033% | $1.1M | $261K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 744.28 | −0.007% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.12 | −0.029% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.58 | −0.101% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.22 | +0.119% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.52 | +0.025% | $37.0M | $79.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0059% | 1h | 744.00 | −0.045% | $425K | $150K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0091% | 8h | 744.38 | +0.006% | $316K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0095% | 1h | 743.92 | −0.056% | $1.5M | $829K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.90 | −0.058% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.89 | −0.060% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.00 | −0.045% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.43 | −0.122% | $93K | $1K | 10x | as long as short |
| Phoenix QQQshort | +0.0129% | 1h | 743.93 | −0.054% | $38K | $66K | 20x | |
| edgeX QQQUSDC | +0.0993% | 4h | 744.11 | −0.030% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
edgeX QQQUSDC