QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.020%

Price spread now: Arcus against ApeX Omni−0.059%53s7-day average −0.086% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.304% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.059%, 7d avg −0.086%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.027% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.086%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours. The two prices were read 53 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	ApeX Omni QQQUSDT	744.10	0.0100	pay 0.0013% / 1h	13m 44s	$20K	$2.2M	50x
Short	Arcus QQQ-USD	743.66	0.0040	get 0.0005% / 1h	13m 44s	$705K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. 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 ApeX OmnibpFee ArcusbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$12.54
Price spread: −0.059% → −0.086%: $2.7
Slippage, 4 orders: −$15.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$40.28
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, just now; Arcus: 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 ApeX Omni live order book, just now	3.76 bp	9.9 bp −$10	27.8 bp −$278	doesn't fit	doesn't fit
Sell Arcus live order book, just now	0.87 bp	5.3 bp −$5	11.8 bp −$118	doesn't fit	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 −0.0101% / S +0.0206%	1h	744.54	+0.060%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0088%	1h	743.56	−0.073%	$4.2M	$1.9M	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.65	+0.074%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.41	+0.042%	$21.7M	$26.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.09	−0.001%	$3.3M	$23.4M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.01	+0.122%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	745.25	+0.155%	$258K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.85	+0.101%	$360K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0005%	8h	744.45	+0.048%	$841K	$712K	20x	as long as short
Bitget QQQUSDT	+0.0025%	8h	744.60	+0.067%	$16.9M	$5.9M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	744.28	+0.024%	$7.7M	$17.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.70	+0.081%	$37.4M	$80.3M	50x	as long as short
Arcus QQQ-USDshort	+0.0040%	1h	743.66	−0.059%	$705K	$1.6M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	745.46	+0.183%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.08	−0.003%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0056%	8h	744.43	+0.044%	$17.1M	$7.6M	—	as long as short
Binance QQQUSDT	+0.0082%	8h	744.52	+0.056%	$71.0M	$147.3M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.27	+0.023%	$3.4M	$412K	20x	as long as short
ApeX Omni QQQUSDTlong	+0.0100%	1h	744.10	long leg	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.25	+0.020%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.76	−0.045%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.30	+0.027%	$425K	$148K	20x	as long as short
Nado QQQ-PERP	+0.0123%	1h	744.11	+0.002%	$1.5M	$953K	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.53	+0.057%	$5.4M	$8.0M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	744.18	+0.011%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0198%	8h	744.63	+0.071%	$320K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0490%	4h	744.37	+0.036%	$761K	$335K	20x	as long as short