Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against Phemex−0.067%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$910.907% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.067%, 7d avg −0.063%
=The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 743.37 | 0 | get 0.0000% / 8h | 3h 18m | $361K | $1.6M | 10x |
| Short | ApeX Omni QQQUSDT | 742.87 | 0.0100 | get 0.0013% / 1h | 18m 48s | $20K | $2.2M | 50x |
Phemex QQQUSDT
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phemex. 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
- $21
- Price spread: −0.067% → −0.063%
- −$0.4
- Slippage, 4 orders
- −$68.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$70.15
- Costs to cover
- 0.907%
- Break-even
- 30.4 days
Slippage from Phemex: live order book, 4 min ago; ApeX Omni: live order book, just now.
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 Phemex live order book, 4 min ago | 2.09 bp | 38.7 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, just now | 3.84 bp | 10.6 bp −$11 | 38.3 bp −$383 | 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 −0.0138% / S +0.0234% | 1h | 743.14 | −0.030% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0030% | 1h | 741.97 | −0.188% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0011% | 8h | 743.11 | −0.035% | $1.1M | $246K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.93 | −0.060% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.00 | −0.050% | $70.3M | $142.5M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.02 | −0.047% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.81 | −0.075% | $21.5M | $27.2M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.42 | −0.128% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.17 | −0.027% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.17 | −0.026% | $17.1M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.51 | +0.019% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.098% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.43 | +0.008% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 743.37 | long leg | $361K | $1.6M | 10x | |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.14 | −0.031% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.88 | −0.066% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.27 | −0.013% | $37.0M | $79.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.29 | −0.145% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.04 | +0.090% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0064% | 8h | 743.36 | −0.002% | $320K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0079% | 1h | 742.72 | −0.087% | $1.5M | $746K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.75 | −0.083% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 742.87 | −0.067% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.81 | −0.075% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.28 | −0.146% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.68 | −0.093% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0221% | 1h | 742.94 | −0.058% | $424K | $151K | 20x | as long as short |
| edgeX QQQUSDC | +0.0638% | 4h | 743.13 | −0.033% | $760K | $335K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC