Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.007%
Price spread now: Coinbase International against Phemex−0.085%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$670.668% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.085%, 7d avg −0.098%
=The price spread sits at its 7-day average of −0.098%, so right now this pair is about funding alone: +$1 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 | 740.84 | 0 | get 0.0000% / 8h | 7h 43m | $362K | $1.6M | 10x |
| Short | Coinbase International QQQ-PERP-INTX | 740.21 | 0.0024 | get 0.0003% / 1h | 43m 06s | $1.2M | $491K | 20x |
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $5.04
- Price spread: −0.085% → −0.098%
- $1.32
- Slippage, 4 orders
- −$44.75
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$60.39
- Costs to cover
- 0.668%
- Break-even
- 90.9 days
Slippage from Phemex: live order book, 5 min ago; Coinbase International: 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, 5 min ago | 3.37 bp | 27.0 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, just now | 0.07 bp | 5.1 bp −$5 | 7.2 bp −$72 | 40.1 bp −$4,006 | 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 −0.0182% / S +0.0269% | 1h | 740.72 | −0.017% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.56 | −0.038% | $823K | $865K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.56 | −0.038% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.46 | −0.051% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.47 | −0.050% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 740.28 | −0.076% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.71 | −0.018% | $16.5M | $5.2M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 740.75 | −0.012% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 741.11 | +0.036% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 740.77 | −0.009% | $250K | $41K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDTlong | 0.0000% | 8h | 740.84 | long leg | $362K | $1.6M | 10x | |
| BloFin QQQ-USDT | +0.0005% | 8h | 740.57 | −0.036% | $1.1M | $274K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0024% | 1h | 740.21 | −0.085% | $1.2M | $491K | 20x | |
| Binance QQQUSDT | +0.0030% | 8h | 740.58 | −0.035% | $70.1M | $139.8M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.38 | −0.062% | $7.7M | $15.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.71 | −0.018% | $37.5M | $79.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.80 | −0.140% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.55 | +0.096% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.76 | −0.146% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.24 | −0.081% | $3.4M | $374K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 740.49 | −0.047% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.43 | −0.055% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.88 | −0.129% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0149% | 1h | 740.16 | −0.091% | $1.6M | $742K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0169% | 1h | 740.39 | −0.061% | $423K | $157K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 741.11 | +0.036% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.42 | −0.057% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0762% | 4h | 740.81 | −0.004% | $757K | $337K | 20x | as long as short |
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC