Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.016%
Price spread now: ApeX Omni against Bybit−0.054%109s7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as 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−$360.356% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.054%, 7d avg −0.076%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.076%. The two prices were read 109 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 | Bybit QQQUSDT | 744.29 | 0 | get 0.0000% / 8h | 4h 07m | $10.7M | $5.0M | 50x |
| Short | ApeX Omni QQQUSDT | 743.89 | 0.0100 | get 0.0013% / 1h | 7m 40s | $20K | $2.2M | 50x |
Bybit QQQUSDT
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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: −0.054% → −0.076%
- $2.27
- Slippage, 4 orders
- −$14.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$12.36
- Costs to cover
- 0.356%
- Break-even
- 11.1 days
Slippage from Bybit: live order book, 5 min ago; ApeX Omni: live order book, 1 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 Bybit live order book, 5 min ago | 0.74 bp | 8.3 bp −$8 | 11.3 bp −$113 | 75.5 bp −$7,547 | doesn't fit |
| Sell ApeX Omni live order book, 1 min ago | 3.76 bp | 9.9 bp −$10 | 26.4 bp −$264 | 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 −0.0127% / S +0.0226% | 1h | 744.28 | −0.001% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0127% | 1h | 743.28 | −0.136% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.28 | −0.001% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDTlong | 0.0000% | 8h | 744.29 | long leg | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.08 | −0.028% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.33 | +0.006% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.73 | −0.075% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.39 | +0.013% | $16.9M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | −0.025% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.73 | +0.059% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.63 | +0.046% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.47 | +0.024% | $359K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.066% | $1.2M | $536K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0010% | 8h | 744.09 | −0.027% | $1.1M | $261K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 744.28 | −0.001% | $71.0M | $141.4M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.13 | −0.021% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.58 | −0.095% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.22 | +0.125% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.53 | +0.032% | $37.0M | $79.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0059% | 1h | 744.00 | −0.039% | $425K | $150K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0091% | 8h | 744.38 | +0.011% | $316K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0095% | 1h | 743.92 | −0.050% | $1.5M | $829K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.92 | −0.050% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 743.89 | −0.054% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.00 | −0.039% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.43 | −0.116% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.93 | −0.048% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0993% | 4h | 744.11 | −0.024% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC