QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.020%

Price spread now: ApeX Omni against Arcus+0.043%53s7-day average +0.086% · you sell dearer than you buy

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−$320.321% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.075%+$7 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.043%, 7d avg +0.086%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.043% cheaper against Arcus than usual: you would sell low and buy high (spread +0.043% now, against its 7-day average of +0.086%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). 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	Arcus QQQ-USD	742.03	0.0040	pay 0.0005% / 1h	4m 20s	$704K	$1.6M	25x
Short	ApeX Omni QQQUSDT	742.35	0.0100	get 0.0013% / 1h	4m 20s	$20K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.043%Rate

Funding earned: $12.54
Price spread: +0.043% → +0.086%: −$4.27
Slippage, 4 orders: −$17.62
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.85
Costs to cover: 0.321%
Break-even: 20.3 days

Slippage from Arcus: live order book, 5 min ago; ApeX Omni: live order book, 5 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 Arcus live order book, 5 min ago	1.08 bp	4.9 bp −$5	7.7 bp −$77	26.4 bp −$2,638	doesn't fit
Sell ApeX Omni live order book, 5 min ago	3.77 bp	10.6 bp −$11	40.5 bp −$405	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 −0.0141% / S +0.0237%	1h	742.84	+0.108%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0010%	1h	741.70	−0.044%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.84	+0.109%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	742.83	+0.108%	$70.1M	$143.8M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.82	+0.106%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.58	+0.074%	$21.6M	$27.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.17	+0.019%	$3.3M	$21.3M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.89	+0.116%	$16.7M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.76	+0.098%	$17.1M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	743.31	+0.172%	$2K	$1.9M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	742.39	+0.049%	$424K	$151K	20x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.27	+0.032%	$1.2M	$538K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.85	+0.111%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.37	+0.181%	$361K	$1.6M	10x	as long as short
RISEx QQQ/USDC	+0.0010%	1h	742.89	+0.116%	$5.4M	$7.2M	25x	as long as short
BloFin QQQ-USDT	+0.0022%	8h	742.86	+0.112%	$1.1M	$246K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.63	+0.081%	$7.7M	$15.9M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.01	+0.132%	$36.9M	$79.5M	50x	as long as short
Arcus QQQ-USDlong	+0.0040%	1h	742.03	long leg	$704K	$1.6M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	743.73	+0.229%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0073%	8h	742.97	+0.127%	$320K	$1.9M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.50	+0.063%	$3.4M	$343K	20x	as long as short
ApeX Omni QQQUSDTshort	+0.0100%	1h	742.35	+0.043%	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.58	+0.074%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.06	+0.004%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0105%	1h	742.36	+0.045%	$1.5M	$763K	20x	as long as short
Phoenix QQQ	+0.0118%	1h	742.50	+0.063%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0178%	4h	742.80	+0.104%	$759K	$334K	20x	as long as short