Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.040%
Price spread now: Phemex against Bitget+0.011%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$790.790% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.011%, 7d avg +0.002%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget QQQUSDT | 744.60 | 0 | get 0.0000% / 8h | 4h 23m | $16.9M | $5.7M | 20x |
| Short | Phemex QQQUSDT | 744.68 | 0 | get 0.0000% / 8h | 4h 23m | $362K | $1.5M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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: +0.011% → +0.002%
- $0.85
- Slippage, 4 orders
- −$54.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$78.14
- Costs to cover
- 0.790%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 4 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 Bitget live order book, 5 min ago | 0.07 bp | 6.4 bp −$6 | 9.2 bp −$92 | 13.1 bp −$1,309 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.21 bp | 31.7 bp −$32 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0165% | 1h | 743.14 | −0.196% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0124% / S +0.0224% | 1h | 744.48 | −0.017% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0025% | 8h | 744.19 | −0.055% | $1.1M | $271K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.51 | −0.013% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.46 | −0.019% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.36 | −0.032% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | −0.008% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.90 | −0.094% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDTlong | 0.0000% | 8h | 744.60 | long leg | $16.9M | $5.7M | 20x | |
| Variational Omni QQQ | 0.0000% | 8h | 744.19 | −0.055% | $17.1M | $7.5M | — | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 744.83 | +0.031% | $2K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 744.11 | −0.066% | $425K | $149K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.54 | −0.008% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 744.68 | +0.011% | $362K | $1.5M | 10x | |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.107% | $1.2M | $537K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.38 | −0.030% | $7.7M | $16.4M | 30x | as long as short |
| Binance QQQUSDT | +0.0033% | 8h | 744.53 | −0.009% | $71.1M | $141.5M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.74 | −0.115% | $699K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.46 | +0.115% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.83 | +0.031% | $36.9M | $79.3M | 50x | as long as short |
| Nado QQQ-PERP | +0.0097% | 1h | 744.14 | −0.062% | $1.5M | $877K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.19 | −0.055% | $3.4M | $367K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.95 | −0.087% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.21 | −0.052% | $12K | $21K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0102% | 8h | 744.49 | −0.015% | $324K | $1.9M | 10x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.66 | −0.126% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.00 | −0.081% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0725% | 4h | 744.24 | −0.049% | $761K | $333K | 20x | as long as short |
Bitget QQQUSDT
Phemex QQQUSDT
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Variational Omni QQQ
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Binance QQQUSDT
Lighter RH QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC