Funding you earn now, next payment 16:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h −0.015%
Price spread now: Phemex against BloFin+0.059%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$800.797% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.059%, 7d avg +0.045%
=The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin QQQ-USDT | 742.02 | −0.0026 | get 0.0026% / 8h | 4h 46m | $1.1M | $242K | 20x |
| Short | Phemex QQQUSDT | 742.46 | 0 | get 0.0000% / 8h | 4h 46m | $358K | $1.7M | 10x |
BloFin QQQ-USDT
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- $5.49
- Price spread: +0.059% → +0.045%
- $1.41
- Slippage, 4 orders
- −$55.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$72.82
- Costs to cover
- 0.797%
- Break-even
- 99.9 days
Slippage from BloFin: live order book, 4 min ago; Phemex: live order book, 5 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 BloFin live order book, 4 min ago | 0.07 bp | 6.3 bp −$6 | 8.0 bp −$80 | 13.6 bp −$1,355 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.57 bp | 30.4 bp −$30 | doesn't fit | doesn't fit | 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 | 742.15 | +0.018% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDTlong | −0.0026% | 8h | 742.02 | long leg | $1.1M | $242K | 20x | |
| Ondo Perps QQQ-USD.P | −0.0018% | 1h | 740.62 | −0.189% | $4.2M | $1.8M | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.84 | −0.024% | $22.1M | $31.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.87 | −0.021% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.43 | −0.080% | $3.6M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.23 | +0.028% | $17.0M | $6.0M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.79 | +0.104% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.47 | +0.061% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 742.46 | +0.059% | $358K | $1.7M | 10x |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0004% | 1h | 741.07 | −0.128% | $653K | $1.4M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0006% | 1h | 741.84 | −0.024% | $398K | $103K | 20x | as long as short |
| Aster QQQUSDT | +0.0009% | 8h | 742.16 | +0.019% | $855K | $915K | 20x | as long as short |
| Bybit QQQUSDT | +0.0015% | 8h | 741.95 | −0.009% | $10.9M | $5.1M | 50x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.39 | −0.085% | $7.2M | $16.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.14 | +0.016% | $38.9M | $76.2M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.03 | +0.136% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 741.86 | −0.022% | $1.2M | $585K | 20x | as long as short |
| Variational Omni QQQ | +0.0078% | 8h | 742.62 | +0.081% | $16.9M | $6.9M | — | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.68 | −0.046% | $3.4M | $510K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.49 | −0.071% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.99 | −0.004% | $12K | $21K | 20x | as long as short |
| Binance QQQUSDT | +0.0101% | 8h | 742.12 | +0.013% | $72.4M | $148.6M | 25x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.51 | −0.069% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0113% | 1h | 741.87 | −0.020% | $1.6M | $780K | 20x | as long as short |
| edgeX QQQUSDC | +0.0187% | 4h | 741.91 | −0.015% | $759K | $336K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0257% | 8h | 742.12 | +0.014% | $322K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0409% | 1h | 741.53 | −0.066% | $38K | $59K | 20x | as long as short |
Arcus QQQ-USD
Deribit QQQ_USDC-PERPETUAL
Aster QQQUSDT
Bybit QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Binance QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
edgeX QQQUSDC
GRVT QQQ_USDT_Perp
Phoenix QQQ