QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.040%

Price spread now: Phemex against Bitget+0.042%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.042%, 7d avg +0.002%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.040% dearer against Bitget than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.002%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days. At the pace of the last 7 days (−0.119% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QQQUSDT	744.60	0.0027	pay 0.0027% / 8h	6h 14m	$16.9M	$5.9M	20x
Short	Phemex QQQUSDT	744.91	0	get 0.0000% / 8h	6h 14m	$359K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$5.67
Price spread: +0.042% → +0.002%: $3.96
Slippage, 4 orders: −$53.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$78.97
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Phemex: 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 Bitget live order book, 4 min ago	0.07 bp	6.7 bp −$7	9.0 bp −$90	12.5 bp −$1,253	doesn't fit
Sell Phemex live order book, 3 min ago	2.08 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit

QQQ on 27 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 −0.0101% / S +0.0206%	1h	744.59	−0.002%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0091%	1h	743.32	−0.172%	$4.2M	$1.9M	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.64	+0.005%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.47	−0.017%	$21.7M	$26.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.10	−0.067%	$3.3M	$23.3M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.03	+0.058%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	745.25	+0.087%	$258K	$29K	30x	as long as short
Phemex QQQUSDTshort	0.0000%	8h	744.91	+0.042%	$359K	$1.4M	10x
Aster QQQUSDT	+0.0006%	8h	744.46	−0.019%	$841K	$712K	20x	as long as short
Bitget QQQUSDTlong	+0.0027%	8h	744.60	long leg	$16.9M	$5.9M	20x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	744.32	−0.038%	$7.7M	$17.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.75	+0.020%	$37.4M	$80.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.68	−0.124%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.51	+0.122%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.11	−0.066%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0056%	8h	744.43	−0.023%	$17.1M	$7.6M	—	as long as short
Binance QQQUSDT	+0.0082%	8h	744.54	−0.008%	$71.1M	$147.2M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.27	−0.044%	$3.4M	$412K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.10	−0.067%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.30	−0.040%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.77	−0.111%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0123%	1h	744.14	−0.061%	$1.5M	$952K	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.59	−0.001%	$5.4M	$8.0M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	744.18	−0.056%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0198%	8h	744.63	+0.004%	$320K	$1.8M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0207%	1h	744.38	−0.030%	$425K	$148K	20x	as long as short
edgeX QQQUSDC	+0.0490%	4h	744.37	−0.031%	$761K	$335K	20x	as long as short