Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.020%
Price spread now: Arcus against ApeX Omni−0.003%53s7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.317% of the position
Funding, last 3 days (all we have)−0.072%−$7 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now −0.003%, 7d avg −0.086%
=The price spread pays, funding is against you. Arcus is 0.083% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.086%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days. The two prices were read 53 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 | ApeX Omni QQQUSDT | 743.74 | 0.0100 | pay 0.0013% / 1h | 27m 58s | $20K | $2.2M | 50x |
| Short | Arcus QQQ-USD | 743.72 | 0.0040 | get 0.0005% / 1h | 27m 58s | $747K | $1.5M | 25x |
ApeX Omni QQQUSDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against ApeX Omni. 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
- −$12.54
- Price spread: −0.003% → −0.086%
- $8.31
- Slippage, 4 orders
- −$17.17
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$35.9
- Costs to cover
- 0.317%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 1 min ago; Arcus: live order book, 1 min ago.
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 ApeX Omni live order book, 1 min ago | 3.76 bp | 9.7 bp −$10 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 1.08 bp | 5.9 bp −$6 | 10.2 bp −$102 | doesn't fit | doesn't fit |
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 | −0.0361% | 1h | 743.30 | −0.059% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0086% / S +0.0194% | 1h | 744.96 | +0.163% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.30 | +0.076% | $841K | $716K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.72 | +0.132% | $21.6M | $25.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.50 | +0.102% | $3.2M | $27.6M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.41 | +0.225% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.45 | +0.095% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.20 | +0.196% | $360K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0002% | 8h | 744.96 | +0.164% | $10.7M | $4.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 744.67 | +0.125% | $425K | $147K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0028% | 8h | 744.05 | +0.042% | $1.1M | $318K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.68 | +0.126% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 745.13 | +0.187% | $37.4M | $80.1M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.72 | −0.003% | $747K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.39 | +0.222% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 744.24 | +0.067% | $17.1M | $9.7M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.001% | $1.2M | $547K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 744.92 | +0.159% | $71.2M | $151.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.46 | +0.097% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 743.74 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.53 | +0.106% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0103% | 1h | 744.39 | +0.087% | $1.5M | $1.3M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.10 | +0.049% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0174% | 8h | 744.98 | +0.167% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.88 | +0.153% | $5.4M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | +0.039% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0263% | 8h | 744.41 | +0.090% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0471% | 4h | 744.23 | +0.066% | $761K | $337K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC