Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.005%
Price spread now: Aster against Phemex−0.046%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.046%, 7d avg −0.045%
=Together, before fees+0.026%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.56 | 0 | get 0.0000% / 8h | 5h 59m | $357K | $1.4M | 10x |
| Short | Aster QQQUSDT | 744.22 | 0.0001 | get 0.0001% / 8h | 5h 59m | $841K | $713K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- $0.1
- Price spread: −0.046% → −0.045%
- −$0.14
- Slippage, 4 orders
- −$56.26
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$76.29
- Costs to cover
- 0.763%
- Break-even
- 5093.2 days
Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 3 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 Phemex live order book, 3 min ago | 3.22 bp | 34.3 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 3 min ago | 0.81 bp | 4.8 bp −$5 | 6.2 bp −$62 | 25.9 bp −$2,585 | doesn't fit |
QQQ on 27 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 −0.0104% / S +0.0208% | 1h | 744.25 | −0.041% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.19 | −0.050% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.15 | −0.055% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.22 | −0.046% | $5.4M | $8.0M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.88 | −0.091% | $3.3M | $20.0M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | −0.013% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.012% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.012% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.56 | long leg | $357K | $1.4M | 10x | |
| Aster QQQUSDTshort | +0.0001% | 8h | 744.22 | −0.046% | $841K | $713K | 20x |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.04 | −0.070% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.33 | −0.031% | $37.3M | $80.7M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.88 | −0.091% | $1.2M | $532K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0032% | 1h | 743.99 | −0.077% | $425K | $149K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.41 | −0.154% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.17 | +0.082% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 743.21 | −0.181% | $4.2M | $1.9M | 20x | as long as short |
| Variational Omni QQQ | +0.0053% | 8h | 744.24 | −0.042% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0077% | 8h | 744.28 | −0.038% | $71.1M | $145.3M | 25x | as long as short |
| Nado QQQ-PERP | +0.0098% | 1h | 743.78 | −0.105% | $1.5M | $934K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.93 | −0.085% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.97 | −0.079% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.01 | −0.074% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.46 | −0.147% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0179% | 8h | 744.41 | −0.020% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.81 | −0.101% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0258% | 4h | 744.28 | −0.038% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
Aster QQQUSDT
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC