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 HTX−0.012%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$750.755% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.012%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.024% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX QQQ-USDT | 742.30 | 0 | get 0.0000% / 8h | 2h 27m | $251K | $41K | 30x |
| Short | Phemex QQQUSDT | 742.21 | 0 | get 0.0000% / 8h | 2h 27m | $362K | $1.6M | 10x |
HTX QQQ-USDT
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against HTX. 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: −0.012% → +0.012%
- −$2.44
- Slippage, 4 orders
- −$51.48
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$77.92
- Costs to cover
- 0.755%
- Break-even
- never at this rate
Slippage from HTX: live order book, 19 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 HTX live order book, 19 min ago | 2.69 bp | 8.7 bp −$9 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 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 | 741.93 | −0.049% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.91 | −0.053% | $823K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 741.90 | −0.054% | $69.9M | $143.7M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.87 | −0.058% | $10.6M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.67 | −0.085% | $21.6M | $28.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.90 | −0.054% | $5.4M | $7.0M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.34 | −0.129% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.01 | −0.039% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.96 | −0.046% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.42 | +0.016% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 741.54 | −0.102% | $1.2M | $540K | 20x | as long as short |
| HTX QQQ-USDTlong | 0.0000% | 8h | 742.30 | long leg | $251K | $41K | 30x | |
| Phemex QQQUSDTshort | 0.0000% | 8h | 742.21 | −0.012% | $362K | $1.6M | 10x | |
| BloFin QQQ-USDT | +0.0009% | 8h | 741.84 | −0.062% | $1.1M | $267K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.69 | −0.082% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.16 | −0.019% | $36.8M | $79.8M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0034% | 1h | 741.09 | −0.163% | $4.2M | $1.8M | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.10 | −0.162% | $690K | $1.6M | 25x | as long as short |
| edgeX QQQUSDC | +0.0042% | 4h | 742.04 | −0.036% | $759K | $336K | 20x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.98 | +0.092% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0060% | 1h | 741.74 | −0.075% | $424K | $152K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0082% | 8h | 742.24 | −0.008% | $320K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.61 | −0.093% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.66 | −0.086% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.67 | −0.085% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.15 | −0.155% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0127% | 1h | 741.61 | −0.093% | $1.5M | $765K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 741.63 | −0.090% | $38K | $66K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Ondo Perps QQQ-USD.P
Arcus QQQ-USD
edgeX QQQUSDC
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ