QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.74 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Gate+0.094%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$820.823% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.094%, 7d avg +0.073%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	741.43	−0.0074	get 0.0074% / 8h	34m 42s	$3.3M	$21.6M	50x
Short	Phemex QQQUSDT	742.13	0	get 0.0000% / 8h	34m 42s	$360K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.094%Rate

Funding earned: $15.54
Price spread: +0.094% → +0.073%: $2.18
Slippage, 4 orders: −$55.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$64.6
Costs to cover: 0.823%
Break-even: 36.1 days

Slippage from Gate: 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 Gate live order book, 4 min ago	2.09 bp	12.2 bp −$12	16.9 bp −$169	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	2.29 bp	28.8 bp −$29	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
Ondo Perps QQQ-USD.P	−0.0177%	1h	740.56	−0.117%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0172% / S +0.0261%	1h	741.77	+0.047%	$25K	—	26x	as long as short
Gate QQQ_USDTlong	−0.0074%	8h	741.43	long leg	$3.3M	$21.6M	50x
BloFin QQQ-USDT	−0.0007%	8h	741.72	+0.039%	$1.1M	$274K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.95	+0.071%	$822K	$861K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.01	+0.078%	$10.7M	$5.1M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.66	+0.031%	$21.4M	$28.4M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.56	+0.017%	$5.4M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.02	+0.080%	$16.5M	$5.4M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.73	+0.041%	$16.8M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.63	+0.162%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.04	+0.082%	$251K	$41K	30x	as long as short
Phemex QQQUSDTshort	0.0000%	8h	742.13	+0.094%	$360K	$1.6M	10x
Binance QQQUSDT	+0.0011%	8h	741.91	+0.065%	$70.2M	$142.1M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.51	+0.011%	$1.2M	$491K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.71	+0.038%	$7.7M	$15.3M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.98	+0.074%	$37.3M	$80.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.26	−0.023%	$644K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.67	+0.167%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.55	+0.016%	$3.4M	$360K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.38	−0.007%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.41	−0.003%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.99	−0.059%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0118%	1h	741.40	−0.004%	$1.6M	$761K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0127%	8h	741.96	+0.071%	$325K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0227%	1h	741.51	+0.011%	$38K	$65K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0236%	1h	741.51	+0.011%	$424K	$156K	20x	as long as short
edgeX QQQUSDC	+0.0600%	4h	741.80	+0.050%	$758K	$335K	20x	as long as short