Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.023%
Price spread now: ApeX Omni against Coinbase International+0.038%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.038%, 7d avg +0.035%
=The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 740.21 | 0.0024 | pay 0.0003% / 1h | 42m 49s | $1.2M | $491K | 20x |
| Short | ApeX Omni QQQUSDT | 740.49 | 0.0100 | get 0.0013% / 1h | 42m 49s | $20K | $2.2M | 50x |
Coinbase International QQQ-PERP-INTX
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Coinbase International. 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
- $15.96
- Price spread: +0.038% → +0.035%
- $0.29
- Slippage, 4 orders
- −$11.56
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$15.31
- Costs to cover
- 0.316%
- Break-even
- 13.7 days
Slippage from Coinbase International: live order book, 1 min ago; ApeX Omni: 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 Coinbase International live order book, 1 min ago | 0.07 bp | 6.1 bp −$6 | 7.6 bp −$76 | 39.3 bp −$3,930 | doesn't fit |
| Sell ApeX Omni live order book, 1 min ago | 3.85 bp | 9.7 bp −$10 | 27.9 bp −$279 | 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 −0.0182% / S +0.0269% | 1h | 740.72 | +0.068% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.56 | +0.047% | $823K | $865K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.40 | +0.026% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.47 | +0.035% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 740.16 | −0.007% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.63 | +0.057% | $16.5M | $5.2M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 740.75 | +0.073% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 741.11 | +0.122% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 740.77 | +0.076% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.84 | +0.085% | $362K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0005% | 8h | 740.57 | +0.049% | $1.1M | $274K | 20x | as long as short |
| Bybit QQQUSDT | +0.0011% | 8h | 740.55 | +0.046% | $10.7M | $4.9M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0024% | 1h | 740.21 | long leg | $1.2M | $491K | 20x | |
| Binance QQQUSDT | +0.0030% | 8h | 740.56 | +0.047% | $70.1M | $139.8M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.27 | +0.008% | $7.7M | $15.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.59 | +0.051% | $37.5M | $79.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.80 | −0.055% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.55 | +0.181% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.76 | −0.061% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.15 | −0.008% | $3.4M | $375K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 740.49 | +0.038% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.43 | +0.030% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.88 | −0.044% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0149% | 1h | 740.16 | −0.006% | $1.6M | $742K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0169% | 1h | 740.39 | +0.024% | $423K | $157K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 741.11 | +0.122% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.42 | +0.028% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0762% | 4h | 740.81 | +0.081% | $757K | $337K | 20x | as long as short |
BloFin QQQ-USDT
Bybit QQQUSDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC