Funding you earn now, next payment 05:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.056%
Price spread now: RISEx against Phemex−0.006%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$700.704% of the position
Funding, last 4 days (all we have)+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.006%, 7d avg −0.006%
=The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: $0 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 | 743.74 | 0 | get 0.0000% / 8h | 3h 43m | $361K | $1.6M | 10x |
| Short | RISEx QQQ/USDC | 743.70 | 0.0010 | get 0.0001% / 1h | 43m 10s | $5.4M | $7.3M | 25x |
Phemex QQQUSDT
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $2.11
- Price spread: −0.006% → −0.006%
- $0.04
- Slippage, 4 orders
- −$52.39
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$68.23
- Costs to cover
- 0.704%
- Break-even
- 232.8 days
Slippage from Phemex: live order book, 5 min ago; RISEx: 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, 5 min ago | 1.21 bp | 32.2 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 1 min ago | 0.07 bp | 4.4 bp −$4 | 5.0 bp −$50 | 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 −0.0133% / S +0.0230% | 1h | 743.62 | −0.017% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0034% | 1h | 742.52 | −0.164% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0011% | 8h | 743.43 | −0.042% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.64 | −0.014% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.58 | −0.022% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.47 | −0.036% | $21.5M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.15 | −0.079% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.73 | −0.001% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.66 | −0.010% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.07 | +0.044% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
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 | 742.64 | −0.148% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.82 | +0.011% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 743.74 | long leg | $361K | $1.6M | 10x | |
| Binance QQQUSDT | +0.0008% | 8h | 743.61 | −0.017% | $70.9M | $141.2M | 25x | as long as short |
| RISEx QQQ/USDCshort | +0.0010% | 1h | 743.70 | −0.006% | $5.4M | $7.3M | 25x | |
| Lighter QQQ | +0.0032% | 1h | 743.47 | −0.036% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.88 | +0.019% | $37.0M | $78.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.90 | −0.113% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.58 | +0.113% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0076% | 8h | 743.87 | +0.017% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0090% | 1h | 743.33 | −0.055% | $1.5M | $779K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0100% | 1h | 743.40 | −0.046% | $425K | $150K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.34 | −0.054% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.33 | −0.055% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.33 | −0.055% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.78 | −0.129% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.26 | −0.065% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0750% | 4h | 743.65 | −0.013% | $760K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC