Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.010%
Price spread now: Arcus against Phemex−0.141%7-day average −0.176% · 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−$74as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 4 days (all we have)+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.141%, 7d avg −0.176%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.035% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.176%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 743.07 | 0 | get 0.0000% / 8h | 3h 03m | $362K | $1.6M | 10x |
| Short | Arcus QQQ-USD | 742.02 | 0.0040 | get 0.0005% / 1h | 3m 41s | $703K | $1.6M | 25x |
Phemex QQQUSDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phemex. 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
- $8.46
- Price spread: −0.141% → −0.176%
- $3.45
- Slippage, 4 orders
- −$61.39
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$65.98
- Costs to cover
- 0.779%
- Break-even
- 61.6 days
Slippage from Phemex: live order book, 4 min ago; Arcus: live order book, just now.
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 Phemex live order book, 4 min ago | 3.77 bp | 33.5 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, just now | 1.08 bp | 6.0 bp −$6 | 10.7 bp −$107 | 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 −0.0141% / S +0.0237% | 1h | 742.84 | −0.032% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0010% | 1h | 741.70 | −0.184% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.75 | −0.044% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.76 | −0.042% | $69.9M | $143.8M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.77 | −0.040% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.50 | −0.077% | $21.6M | $27.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.12 | −0.128% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.89 | −0.024% | $16.7M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.76 | −0.042% | $17.1M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.29 | +0.030% | $1K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.46 | −0.082% | $424K | $151K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.27 | −0.108% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | −0.030% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 743.07 | long leg | $362K | $1.6M | 10x | |
| RISEx QQQ/USDC | +0.0010% | 1h | 742.79 | −0.038% | $5.4M | $7.2M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0022% | 8h | 742.86 | −0.028% | $1.1M | $246K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.55 | −0.070% | $7.6M | $15.9M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.05 | −0.003% | $37.0M | $79.6M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 742.02 | −0.141% | $703K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.73 | +0.089% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0073% | 8h | 742.97 | −0.013% | $320K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.48 | −0.079% | $3.4M | $345K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.35 | −0.097% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.58 | −0.066% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.06 | −0.136% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0105% | 1h | 742.36 | −0.095% | $1.5M | $763K | 20x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.50 | −0.077% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0178% | 4h | 742.80 | −0.037% | $759K | $334K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
RISEx QQQ/USDC
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC