Funding you earn now, next payment 09:00 UTC−0.0109%/8h= −12.0% APRpaid last 24h −0.015%
Price spread now: BloFin against ApeX Omni+0.070%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days−0.328%−$33 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now +0.070%, 7d avg +0.019%
=The price spread pays, funding is against you. BloFin is 0.051% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.019%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni QQQUSDT | 739.50 | 0.0100 | pay 0.0013% / 1h | 19m 46s | $20K | $2.2M | 50x |
| Short | BloFin QQQ-USDT | 740.02 | −0.0009 | pay 0.0009% / 8h | 7h 19m | $1.1M | $278K | 20x |
ApeX Omni QQQUSDT
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$22.92
- Price spread: +0.070% → +0.019%
- $5.13
- Slippage, 4 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$50.8
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; BloFin: live order book, 2 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 ApeX Omni live order book, 4 min ago | 3.72 bp | 10.0 bp −$10 | 26.0 bp −$260 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.14 bp | 7.1 bp −$7 | 8.5 bp −$85 | 14.7 bp −$1,465 | 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 −0.0187% / S +0.0273% | 1h | 740.51 | +0.137% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDTshort | −0.0009% | 8h | 740.02 | +0.070% | $1.1M | $278K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 740.26 | +0.103% | $855K | $903K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.94 | +0.195% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.43 | +0.126% | $21.8M | $30.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.23 | +0.099% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 740.15 | +0.088% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.95 | +0.196% | $16.5M | $5.2M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.96 | +0.197% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 740.17 | +0.091% | $423K | $128K | 20x | 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
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 739.76 | +0.035% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.63 | +0.153% | $364K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0003% | 8h | 740.38 | +0.119% | $16.7M | $7.2M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 739.81 | +0.042% | $1.2M | $499K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.60 | +0.149% | $7.6M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.90 | +0.189% | $37.6M | $80.4M | 50x | as long as short |
| Binance QQQUSDT | +0.0034% | 8h | 740.79 | +0.174% | $70.3M | $141.1M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.55 | +0.007% | $647K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.46 | +0.265% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.35 | −0.020% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.19 | +0.093% | $3.4M | $393K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 739.50 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.11 | +0.082% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.62 | +0.016% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0137% | 8h | 740.00 | +0.068% | $314K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0150% | 1h | 740.09 | +0.080% | $1.6M | $748K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.00 | −0.068% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0541% | 4h | 739.75 | +0.034% | $756K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC