QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.5% APRnext payment −$0.22 per $10,000 · paid last 24h +0.027%

Price spread now: BloFin against Phemex−0.052%59s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.759% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.052%, 7d avg −0.041%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QQQUSDT	744.20	0	get 0.0000% / 8h	7h 51m	$362K	$1.4M	10x
Short	BloFin QQQ-USDT	743.81	−0.0022	pay 0.0022% / 8h	7h 51m	$1.0M	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BloFinbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$4.71
Price spread: −0.052% → −0.041%: −$1.09
Slippage, 4 orders: −$51.89
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$81.69
Costs to cover: 0.759%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; BloFin: 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 Phemex live order book, 1 min ago	2.29 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.07 bp	6.1 bp −$6	6.5 bp −$65	11.5 bp −$1,147	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
Ondo Perps QQQ-USD.P	−0.0362%	1h	742.38	−0.245%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0081% / S +0.0190%	1h	744.05	−0.019%	$25K	—	26x	as long as short
BloFin QQQ-USDTshort	−0.0022%	8h	743.81	−0.052%	$1.0M	$318K	20x
Aster QQQUSDT	0.0000%	8h	743.63	−0.077%	$841K	$757K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.84	−0.048%	$21.5M	$25.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.68	−0.070%	$3.2M	$26.4M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.48	+0.038%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.14	−0.142%	$257K	$28K	30x	as long as short
Phemex QQQUSDTlong	0.0000%	8h	744.20	long leg	$362K	$1.4M	10x
Bybit QQQUSDT	+0.0022%	8h	744.08	−0.016%	$10.7M	$4.9M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	743.90	−0.040%	$7.6M	$18.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.17	−0.004%	$37.4M	$78.7M	50x	as long as short
Variational Omni QQQ	+0.0039%	8h	743.94	−0.035%	$17.1M	$10.8M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.12	−0.145%	$746K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.57	+0.050%	—	$388K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	743.51	−0.093%	$1.2M	$624K	20x	as long as short
Binance QQQUSDT	+0.0068%	8h	744.02	−0.024%	$71.0M	$155.1M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.66	−0.073%	$3.4M	$413K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.50	−0.094%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.73	−0.063%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.35	−0.114%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0112%	1h	743.63	−0.077%	$1.5M	$1.2M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0165%	8h	744.03	−0.022%	$327K	$1.8M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0167%	1h	743.91	−0.039%	$425K	$147K	20x	as long as short
Bitget QQQUSDT	+0.0172%	8h	744.05	−0.020%	$16.9M	$6.6M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.03	−0.023%	$5.5M	$9.1M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	743.65	−0.074%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0496%	4h	743.85	−0.047%	$761K	$336K	20x	as long as short