Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Phemex against Aster+0.022%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$700.699% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.022%, 7d avg +0.045%
=Together, before fees−0.002%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.022% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 741.72 | 0 | get 0.0000% / 8h | 21m 57s | $824K | $863K | 20x |
| Short | Phemex QQQUSDT | 741.89 | 0 | get 0.0000% / 8h | 21m 57s | $362K | $1.6M | 10x |
Aster QQQUSDT
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aster. 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
- $0
- Price spread: +0.022% → +0.045%
- −$2.22
- Slippage, 4 orders
- −$49.89
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$72.11
- Costs to cover
- 0.699%
- Break-even
- never at this rate
Slippage from Aster: live order book, 16 min ago; Phemex: 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 Aster live order book, 16 min ago | 0.07 bp | 5.2 bp −$5 | 5.9 bp −$59 | 40.7 bp −$4,070 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 0.88 bp | 29.9 bp −$30 | doesn't fit | 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 −0.0174% / S +0.0263% | 1h | 741.75 | +0.004% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0158% | 1h | 740.30 | −0.192% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0083% | 8h | 741.19 | −0.072% | $3.3M | $21.7M | 50x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 741.72 | long leg | $824K | $863K | 20x | |
| Bybit QQQUSDT | 0.0000% | 8h | 741.78 | +0.008% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.50 | −0.030% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.48 | −0.033% | $5.4M | $6.0M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.88 | +0.021% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.50 | −0.031% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.21 | +0.065% | $2K | $1.7M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.31 | −0.056% | $423K | $156K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.84 | +0.016% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 741.89 | +0.022% | $362K | $1.6M | 10x | |
| BloFin QQQ-USDT | +0.0008% | 8h | 741.38 | −0.046% | $1.1M | $275K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.51 | −0.029% | $1.2M | $490K | 20x | as long as short |
| Binance QQQUSDT | +0.0018% | 8h | 741.74 | +0.003% | $70.2M | $141.8M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.52 | −0.028% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.88 | +0.021% | $37.4M | $80.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.96 | −0.103% | $645K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.59 | +0.117% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.24 | −0.065% | $3.4M | $361K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.13 | −0.080% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.44 | −0.038% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.93 | −0.108% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0135% | 1h | 741.30 | −0.058% | $1.6M | $756K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0137% | 8h | 741.76 | +0.005% | $325K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.18 | −0.073% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0601% | 4h | 741.51 | −0.029% | $758K | $335K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC