Funding you earn now, next payment 01:00 UTC−0.0208%/8h= −22.7% APRpaid last 24h −0.069%
Price spread now: Phemex against RISEx+0.021%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$640.644% of the position
Funding, last 3 days (all we have)−0.195%−$19 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.021%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx QQQ/USDC | 744.76 | 0.0208 | pay 0.0026% / 1h | 24m 44s | $5.4M | $8.6M | 25x |
| Short | Phemex QQQUSDT | 744.92 | 0 | get 0.0000% / 8h | 7h 24m | $362K | $1.4M | 10x |
RISEx QQQ/USDC
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against RISEx. 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
- −$43.62
- Price spread: +0.021% → +0.005%
- $1.63
- Slippage, 4 orders
- −$46.4
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$106.39
- Costs to cover
- 0.644%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 4 min ago; Phemex: 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 RISEx live order book, 4 min ago | 0.54 bp | 3.5 bp −$4 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.42 bp | 26.5 bp −$27 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0356% | 1h | 743.42 | −0.180% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0087% / S +0.0194% | 1h | 744.72 | −0.006% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0001% | 8h | 744.38 | −0.051% | $1.1M | $318K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.55 | −0.028% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.22 | −0.073% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.37 | −0.052% | $3.2M | $27.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.22 | +0.062% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.089% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 744.92 | +0.021% | $362K | $1.4M | 10x | |
| Aster QQQUSDT | +0.0004% | 8h | 744.19 | −0.076% | $841K | $714K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Aster QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.07 | −0.093% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.48 | −0.038% | $37.4M | $80.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 744.02 | −0.099% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.26 | +0.067% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | −0.005% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.36 | −0.054% | $1.2M | $549K | 20x | as long as short |
| Binance QQQUSDT | +0.0081% | 8h | 744.36 | −0.054% | $71.1M | $152.4M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.42 | −0.046% | $425K | $147K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.30 | −0.062% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.53 | −0.031% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.47 | −0.039% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0101% | 1h | 744.45 | −0.042% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.96 | −0.107% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0180% | 8h | 744.49 | −0.036% | $16.9M | $6.5M | 20x | as long as short |
| RISEx QQQ/USDClong | +0.0208% | 1h | 744.76 | long leg | $5.4M | $8.6M | 25x | |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | −0.098% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0304% | 8h | 745.05 | +0.039% | $317K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0961% | 4h | 744.90 | +0.019% | $762K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC