QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.020%

Price spread now: Coinbase International against ApeX Omni−0.034%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.306% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.034%, 7d avg −0.036%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni QQQUSDT	743.99	0.0100	pay 0.0013% / 1h	49m 01s	$20K	$2.2M	50x
Short	Coinbase International QQQ-PERP-INTX	743.74	0.0032	get 0.0004% / 1h	49m 01s	$1.2M	$534K	20x

Funding history

latest

Range statsloading…

Coinbase International against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now −0.034%Rate

Slippage from ApeX Omni: live order book, 5 min ago; Coinbase International: live order book, 4 min ago.

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, 5 min ago	3.76 bp	9.7 bp −$10	24.0 bp −$240	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.07 bp	5.8 bp −$6	6.9 bp −$69	31.7 bp −$3,173	doesn't fit

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 −0.0107% / S +0.0210%	1h	744.18	+0.026%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	744.13	+0.019%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.18	+0.026%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.14	+0.020%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.29	+0.040%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.81	−0.024%	$3.3M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.46	+0.063%	$16.9M	$5.8M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.63	+0.086%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.24	+0.034%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.56	+0.077%	$361K	$1.4M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0005%	4h	744.28	+0.040%	$761K	$334K	20x	as long as short
Ondo Perps QQQ-USD.P	+0.0009%	1h	743.42	−0.077%	$4.2M	$1.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	743.87	−0.016%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.29	+0.040%	$37.3M	$78.5M	50x	as long as short
Coinbase International QQQ-PERP-INTXshort	+0.0032%	1h	743.74	−0.034%	$1.2M	$534K	20x
Arcus QQQ-USD	+0.0040%	1h	743.43	−0.075%	$705K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.15	+0.156%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0049%	8h	744.19	+0.027%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0074%	8h	744.03	+0.005%	$71.1M	$144.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.89	−0.013%	$3.4M	$414K	20x	as long as short
ApeX Omni QQQUSDTlong	+0.0100%	1h	743.99	long leg	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.89	−0.013%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.37	−0.083%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0115%	1h	743.89	−0.014%	$1.5M	$923K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0140%	1h	743.96	−0.004%	$425K	$149K	20x	as long as short
Phoenix QQQ	+0.0161%	1h	743.80	−0.026%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0165%	8h	744.45	+0.062%	$322K	$1.9M	10x	as long as short