Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.027%
Price spread now: Phemex against BloFin+0.027%59s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as 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−$800.805% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.027%, 7d avg +0.044%
=The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.132%, so the current rate has only just turned against you. The two prices were read 59 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 | BloFin QQQ-USDT | 743.25 | 0.0021 | pay 0.0021% / 8h | 3h 39m | $1.1M | $256K | 20x |
| Short | Phemex QQQUSDT | 743.45 | 0 | get 0.0000% / 8h | 3h 39m | $359K | $1.6M | 10x |
BloFin QQQ-USDT
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$4.38
- Price spread: +0.027% → +0.044%
- −$1.68
- Slippage, 4 orders
- −$56.49
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$86.55
- Costs to cover
- 0.805%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Phemex: live order book, 4 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 BloFin live order book, 3 min ago | 0.07 bp | 6.1 bp −$6 | 6.4 bp −$64 | 10.9 bp −$1,093 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.15 bp | 31.9 bp −$32 | 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 −0.0133% / S +0.0231% | 1h | 743.18 | −0.009% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0041% | 1h | 742.40 | −0.114% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.16 | −0.013% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.03 | −0.030% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.00 | −0.034% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.88 | −0.050% | $3.3M | $20.9M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.36 | +0.015% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.22 | −0.003% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.77 | +0.070% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.082% | $1.2M | $536K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTXShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 743.57 | +0.043% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 743.45 | +0.027% | $359K | $1.6M | 10x | |
| Binance QQQUSDT | +0.0006% | 8h | 743.11 | −0.018% | $70.8M | $141.2M | 25x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.29 | +0.005% | $5.4M | $7.3M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 743.04 | −0.028% | $424K | $150K | 20x | as long as short |
| BloFin QQQ-USDTlong | +0.0021% | 8h | 743.25 | long leg | $1.1M | $256K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 743.10 | −0.020% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.50 | +0.034% | $37.0M | $78.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.68 | −0.077% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.20 | +0.128% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0072% | 8h | 743.44 | +0.026% | $315K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0091% | 1h | 742.94 | −0.042% | $1.5M | $769K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.95 | −0.040% | $3.4M | $339K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.28 | +0.004% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.85 | −0.054% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.35 | −0.122% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.10 | −0.020% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0938% | 4h | 743.35 | +0.014% | $760K | $334K | 20x | as long as short |
HTX QQQ-USDT
Binance QQQUSDT
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC