Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Gate against ApeX Omni+0.003%96s7-day average +0.052% · 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—prices read too far apart to compare
costs, in and out, $10k−$430.435% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now +0.003%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.049% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.052%). Swap the legs. The two prices were read 96 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 | 743.71 | 0.0100 | pay 0.0013% / 1h | 35m 51s | $20K | $2.2M | 50x |
| Short | Gate QQQ_USDT | 743.73 | 0 | get 0.0000% / 8h | 6h 35m | $3.3M | $21.7M | 50x |
ApeX Omni QQQUSDT
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21
- Price spread: +0.003% → +0.052%
- −$4.89
- Slippage, 4 orders
- −$18.49
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$69.37
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; Gate: 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 ApeX Omni live order book, 3 min ago | 3.77 bp | 10.0 bp −$10 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.03 bp | 12.0 bp −$12 | 17.0 bp −$170 | 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 | −0.0165% | 1h | 742.89 | −0.110% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0097% / S +0.0202% | 1h | 744.07 | +0.048% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.01 | +0.040% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.89 | +0.024% | $21.5M | $25.6M | 50x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 743.73 | +0.003% | $3.3M | $21.7M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 744.46 | +0.101% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.08 | +0.050% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.20 | +0.066% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0010% | 8h | 744.12 | +0.055% | $841K | $712K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0026% | 8h | 744.31 | +0.081% | $1.1M | $319K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.86 | +0.020% | $7.8M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.30 | +0.079% | $37.3M | $79.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.14 | −0.077% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.08 | +0.184% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 743.40 | −0.042% | $1.2M | $536K | 20x | as long as short |
| Variational Omni QQQ | +0.0062% | 8h | 743.95 | +0.032% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDT | +0.0070% | 8h | 744.13 | +0.056% | $16.9M | $5.9M | 20x | as long as short |
| Binance QQQUSDT | +0.0087% | 8h | 744.06 | +0.047% | $71.1M | $147.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.82 | +0.015% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 743.71 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.81 | +0.013% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.30 | −0.055% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 743.62 | −0.013% | $1.5M | $1.0M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0153% | 1h | 743.88 | +0.023% | $425K | $148K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.02 | +0.042% | $5.4M | $8.1M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.66 | −0.007% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0230% | 8h | 744.26 | +0.074% | $318K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0751% | 4h | 743.92 | +0.028% | $761K | $334K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Bitget QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC