Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.017%
Price spread now: ApeX Omni against Deribit−0.013%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 5 days (all we have)+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.013%, 7d avg +0.029%
=Funding pays, the price is against you. ApeX Omni is 0.042% cheaper against Deribit than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.029%). If the spread goes back, that is −$4 on $10k: about 10 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 744.00 | 0.0086 | pay 0.0011% / 1h | 10m 34s | $425K | $150K | 20x |
| Short | ApeX Omni QQQUSDT | 743.90 | 0.0100 | get 0.0013% / 1h | 10m 34s | $20K | $2.2M | 50x |
Deribit QQQ_USDC-PERPETUAL
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- $2.91
- Price spread: −0.013% → +0.029%
- −$4.23
- Slippage, 4 orders
- −$13.56
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$31.88
- Costs to cover
- 0.306%
- Break-even
- 83.6 days
Slippage from Deribit: live order book, 48 min ago; ApeX Omni: 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 Deribit live order book, 48 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 3 min ago | 3.76 bp | 9.9 bp −$10 | 26.5 bp −$265 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0134% | 1h | 743.24 | −0.102% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0127% / S +0.0226% | 1h | 744.25 | +0.033% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | 0.0000% | 8h | 744.14 | +0.019% | $1.1M | $261K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.26 | +0.035% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.29 | +0.039% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.08 | +0.011% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.37 | +0.050% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.78 | −0.030% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.40 | +0.054% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | +0.014% | $17.1M | $7.4M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.094% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.087% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.85 | +0.114% | $362K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.027% | $1.2M | $536K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 744.28 | +0.038% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.12 | +0.016% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.60 | −0.054% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.20 | +0.161% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.56 | +0.075% | $36.9M | $79.8M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0086% | 1h | 744.00 | long leg | $425K | $150K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0092% | 8h | 744.39 | +0.052% | $324K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0095% | 1h | 743.92 | −0.011% | $1.5M | $834K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.93 | −0.009% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 743.90 | −0.013% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.99 | −0.001% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.42 | −0.078% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.93 | −0.009% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0627% | 4h | 744.18 | +0.025% | $761K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC