QQQ funding rates

QQQ perpetual funding is currently quoted across 13 venues, ranging from +0.0% to +10.9% APR. The most reliable delta-neutral pairing for QQQ right now is long Variational / short Phoenix at +8.1% net APR (low risk, ~1.3d to break even).

as of 2026-10-28 06:33 UTC
Best delta-neutral pairing
Long Variational / Short Phoenix
+8.1% net APR
Backtested (30d)
+16.1%
Stability
83.6%
Risk
low
Breakeven
~1.3d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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QQQ funding by exchange

ExchangeFunding APR
TxFlow+10.95%
Phoenix+9.68%
Ondo+5.52%
PopDEX+5.52%
Arcus+4.49%
Lighter+3.50%
Lighter RH+3.50%
Nado+1.02%
RiseX+0.00%
Decibel+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%

Frequently asked

What is the QQQ funding rate right now?

QQQ perpetual funding ranges from 0.00% to 10.95% APR across 13 exchanges we track; the widest delta-neutral spread is long Variational / short Phoenix at 8.1% net APR.

Which exchange has the highest QQQ funding rate?

TxFlow currently has the highest at 10.95% APR. See the full ranking above.