Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate+0.104%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$790.789% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.104%, 7d avg +0.072%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.032% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QQQ_USDT | 741.48 | 0 | get 0.0000% / 8h | 2h 31m | $3.3M | $21.3M | 50x |
| Short | Phemex QQQUSDT | 742.25 | 0 | get 0.0000% / 8h | 2h 31m | $362K | $1.6M | 10x |
Gate QQQ_USDT
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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: +0.104% → +0.072%
- $3.21
- Slippage, 4 orders
- −$51.91
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.7
- Costs to cover
- 0.789%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Phemex: live order book, 2 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 Gate live order book, 3 min ago | 0.74 bp | 12.2 bp −$12 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.35 bp | 27.3 bp −$27 | 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 −0.0148% / S +0.0242% | 1h | 742.08 | +0.080% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.06 | +0.078% | $823K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.12 | +0.086% | $69.8M | $143.7M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.04 | +0.076% | $10.6M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.80 | +0.043% | $21.6M | $28.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.02 | +0.073% | $5.4M | $7.0M | 25x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 741.48 | long leg | $3.3M | $21.3M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 742.15 | +0.090% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.38 | +0.121% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.65 | +0.158% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
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 | 741.72 | +0.032% | $424K | $152K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.01 | +0.071% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.30 | +0.111% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 742.25 | +0.104% | $362K | $1.6M | 10x | |
| BloFin QQQ-USDT | +0.0012% | 8h | 741.96 | +0.065% | $1.1M | $267K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.96 | +0.065% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.33 | +0.115% | $36.8M | $79.5M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0034% | 1h | 741.10 | −0.051% | $4.2M | $1.8M | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.17 | −0.042% | $693K | $1.6M | 25x | as long as short |
| edgeX QQQUSDC | +0.0042% | 4h | 742.04 | +0.075% | $759K | $336K | 20x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.05 | +0.212% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0081% | 8h | 742.17 | +0.093% | $320K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.71 | +0.031% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.66 | +0.024% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.78 | +0.040% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.28 | −0.027% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0129% | 1h | 741.78 | +0.040% | $1.5M | $764K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 741.63 | +0.020% | $38K | $66K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Ondo Perps QQQ-USD.P
Arcus QQQ-USD
edgeX QQQUSDC
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ