QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h −0.004%

Price spread now: Phoenix against Vest−0.174%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.174% cheaper against Vest than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest QQQ-USD-PERP	745.29	0.0046	pay 0.0006% / 1h	51m 01s	—	$337K	50x
Short	Phoenix QQQ	743.99	0.0161	get 0.0020% / 1h	51m 01s	$38K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee PhoenixbpOrdersPrice spread, now −0.174%Rate

Funding earned: $24.29
Price spread: −0.174% → 0.000%: −$17.44
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$2.15
Costs to cover: 0.090%
Break-even: 7.6 days

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Vest and 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 27 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
GMX QQQ/USD [ETH-USDC]	L −0.0106% / S +0.0210%	1h	744.34	−0.128%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.37	−0.123%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.41	−0.118%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.25	−0.140%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.41	−0.118%	$5.4M	$7.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.97	−0.177%	$3.3M	$20.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.46	−0.111%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.78	−0.068%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.68	−0.082%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.55	−0.099%	$360K	$1.4M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0005%	4h	744.28	−0.135%	$761K	$334K	20x	as long as short
Ondo Perps QQQ-USD.P	+0.0015%	1h	743.42	−0.251%	$4.2M	$1.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.14	−0.154%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.54	−0.101%	$37.3M	$78.4M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.88	−0.189%	$1.2M	$532K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.47	−0.244%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERPlong	+0.0046%	1h	745.29	long leg	—	$337K	50x
Variational Omni QQQ	+0.0049%	8h	744.19	−0.148%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0075%	8h	744.35	−0.126%	$71.2M	$144.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.06	−0.165%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.99	−0.174%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.07	−0.164%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.56	−0.232%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0116%	1h	743.96	−0.179%	$1.5M	$924K	20x	as long as short
Phoenix QQQshort	+0.0161%	1h	743.99	−0.174%	$38K	$66K	20x
GRVT QQQ_USDT_Perp	+0.0169%	8h	744.51	−0.105%	$322K	$1.9M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0234%	1h	744.19	−0.148%	$425K	$149K	20x	as long as short