Funding you earn now, next payment 12:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.010%
Price spread now: Bitget against ApeX Omni+0.054%53s7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now +0.054%, 7d avg +0.089%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.035% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.089%). Swap the legs. 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 | 741.81 | 0.0100 | pay 0.0013% / 1h | 8m 38s | $20K | $2.2M | 50x |
| Short | Bitget QQQUSDT | 742.21 | 0.0046 | get 0.0046% / 8h | 4h 08m | $17.1M | $6.0M | 20x |
ApeX Omni QQQUSDT
Bitget QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$11.34
- Price spread: +0.054% → +0.089%
- −$3.52
- Slippage, 4 orders
- −$14.26
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$51.12
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago | 3.78 bp | 11.3 bp −$11 | 42.0 bp −$420 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.07 bp | 7.2 bp −$7 | 9.3 bp −$93 | 12.6 bp −$1,261 | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 742.25 | +0.060% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0195% | 1h | 740.27 | −0.208% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0012% | 8h | 742.08 | +0.036% | $1.1M | $254K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.01 | +0.027% | $10.9M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.92 | +0.015% | $22.1M | $30.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.93 | +0.016% | $5.5M | $5.6M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.53 | −0.038% | $3.7M | $20.5M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.74 | +0.125% | $2K | $1.5M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.75 | −0.008% | $398K | $102K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.87 | +0.143% | $247K | $45K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.58 | +0.104% | $359K | $1.7M | 10x | as long as short |
| Arcus QQQ-USD | +0.0004% | 1h | 741.25 | −0.075% | $651K | $1.4M | 25x | as long as short |
| Aster QQQUSDT | +0.0012% | 8h | 742.13 | +0.043% | $855K | $925K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.41 | −0.054% | $7.2M | $16.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.23 | +0.057% | $39.0M | $77.3M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.11 | +0.175% | — | $337K | 50x | as long as short |
| Bitget QQQUSDTshort | +0.0046% | 8h | 742.21 | +0.054% | $17.1M | $6.0M | 20x | |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 741.84 | +0.004% | $1.2M | $587K | 20x | as long as short |
| Nado QQQ-PERP | +0.0080% | 1h | 741.83 | +0.003% | $1.6M | $787K | 20x | as long as short |
| Variational Omni QQQ | +0.0088% | 8h | 742.06 | +0.034% | $16.8M | $6.9M | — | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.80 | −0.001% | $3.4M | $538K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 741.81 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.97 | +0.022% | $12K | $21K | 20x | as long as short |
| Binance QQQUSDT | +0.0101% | 8h | 742.11 | +0.040% | $72.4M | $150.1M | 25x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.44 | −0.050% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0239% | 8h | 742.44 | +0.085% | $315K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0409% | 1h | 741.75 | −0.008% | $43K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0455% | 4h | 742.21 | +0.054% | $759K | $334K | 20x | as long as short |
Phemex QQQUSDT
Arcus QQQ-USD
Aster QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Nado QQQ-PERP
Variational Omni QQQ
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Binance QQQUSDT
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC