Funding you earn now, next payment 03:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.018%
Price spread now: Deribit against ApeX Omni+0.038%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 5 days (all we have)−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.038%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Deribit is 0.067% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni QQQUSDT | 744.09 | 0.0100 | pay 0.0013% / 1h | 5m 20s | $20K | $2.2M | 50x |
| Short | Deribit QQQ_USDC-PERPETUAL | 744.37 | 0.0113 | get 0.0014% / 1h | 5m 20s | $425K | $149K | 20x |
ApeX Omni QQQUSDT
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $2.7
- Price spread: +0.038% → −0.029%
- $6.7
- Slippage, 4 orders
- −$15.16
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$22.76
- Costs to cover
- 0.322%
- Break-even
- 66.0 days
Slippage from ApeX Omni: live order book, 4 min ago; Deribit: live order book, 58 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 | 3.76 bp | 9.8 bp −$10 | 26.0 bp −$260 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 58 min ago | 0.07 bp | 9.0 bp −$9 | 10.5 bp −$105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0116% / S +0.0217% | 1h | 744.63 | +0.073% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0074% | 1h | 743.24 | −0.114% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.42 | +0.045% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.66 | +0.077% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.37 | +0.038% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.61 | +0.070% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.12 | +0.004% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.64 | +0.074% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.00 | +0.122% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.62 | +0.071% | $257K | $29K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.85 | +0.102% | $359K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0018% | 8h | 744.37 | +0.038% | $17.1M | $7.5M | — | as long as short |
| BloFin QQQ-USDT | +0.0029% | 8h | 744.32 | +0.031% | $1.1M | $293K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.38 | +0.039% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.82 | +0.098% | $37.0M | $80.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.97 | −0.016% | $1.2M | $535K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.58 | −0.069% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.55 | +0.196% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0052% | 8h | 744.63 | +0.072% | $71.2M | $142.8M | 25x | as long as short |
| Nado QQQ-PERP | +0.0082% | 1h | 744.22 | +0.018% | $1.5M | $875K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.22 | +0.017% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 744.09 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.27 | +0.024% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.73 | −0.048% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0113% | 1h | 744.37 | +0.038% | $425K | $149K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0122% | 8h | 744.53 | +0.059% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.07 | −0.003% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0314% | 4h | 744.40 | +0.041% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC