Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Phemex against ApeX Omni+0.052%77s7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as 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−$850.850% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now +0.052%, 7d avg +0.063%
=The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 77 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 | 743.97 | 0.0100 | pay 0.0013% / 1h | 25m 40s | $20K | $2.2M | 50x |
| Short | Phemex QQQUSDT | 744.36 | 0 | get 0.0000% / 8h | 5h 25m | $362K | $1.5M | 10x |
ApeX Omni QQQUSDT
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.052% → +0.063%
- −$1.03
- Slippage, 4 orders
- −$63.04
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$107.07
- Costs to cover
- 0.850%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; Phemex: 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, 3 min ago | 3.83 bp | 9.7 bp −$10 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.29 bp | 27.7 bp −$28 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0111% / S +0.0214% | 1h | 744.08 | +0.014% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0051% | 1h | 742.94 | −0.138% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 743.95 | −0.003% | $1.1M | $303K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.99 | +0.003% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.10 | +0.017% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.94 | −0.004% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.04 | +0.010% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.63 | −0.046% | $3.3M | $21.1M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.35 | +0.051% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.50 | +0.071% | $2K | $2.0M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.67 | −0.040% | $425K | $149K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.28 | +0.042% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 744.36 | +0.052% | $362K | $1.5M | 10x | |
| Variational Omni QQQ | +0.0032% | 8h | 743.92 | −0.006% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.78 | −0.026% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.21 | +0.032% | $37.3M | $79.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.51 | −0.062% | $1.2M | $534K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.11 | −0.116% | $694K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.02 | +0.141% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0062% | 8h | 744.01 | +0.005% | $71.2M | $143.3M | 25x | as long as short |
| edgeX QQQUSDC | +0.0077% | 4h | 744.10 | +0.018% | $761K | $336K | 20x | as long as short |
| Nado QQQ-PERP | +0.0088% | 1h | 743.65 | −0.043% | $1.5M | $922K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.74 | −0.031% | $3.4M | $405K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 743.97 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.77 | −0.027% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.22 | −0.101% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0142% | 8h | 744.14 | +0.022% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.78 | −0.026% | $38K | $66K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
edgeX QQQUSDC
Nado QQQ-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ