Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.027%
Price spread now: BloFin against Phemex−0.081%59s7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as 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−$790.793% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.081%, 7d avg −0.044%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.037% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.044%. 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 | Phemex QQQUSDT | 742.86 | 0 | get 0.0000% / 8h | 2h 45m | $359K | $1.6M | 10x |
| Short | BloFin QQQ-USDT | 742.26 | 0.0001 | get 0.0001% / 8h | 2h 45m | $1.1M | $246K | 20x |
Phemex QQQUSDT
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $0.3
- Price spread: −0.081% → −0.044%
- −$3.67
- Slippage, 4 orders
- −$55.3
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$82.67
- Costs to cover
- 0.793%
- Break-even
- 1945.6 days
Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 2 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 Phemex live order book, 2 min ago | 3.03 bp | 35.9 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.07 bp | 6.1 bp −$6 | 6.4 bp −$64 | 10.3 bp −$1,028 | 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 −0.0144% / S +0.0240% | 1h | 742.57 | −0.040% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.56 | −0.040% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.60 | −0.035% | $69.9M | $142.9M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.68 | −0.024% | $10.7M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.35 | −0.069% | $21.6M | $27.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.61 | −0.033% | $5.4M | $7.1M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.93 | −0.125% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.69 | −0.023% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.44 | −0.057% | $17.0M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.09 | +0.031% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.10 | −0.102% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | −0.001% | $252K | $38K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 742.86 | long leg | $359K | $1.6M | 10x | |
| BloFin QQQ-USDTshort | +0.0001% | 8h | 742.26 | −0.081% | $1.1M | $246K | 20x | |
| Ondo Perps QQQ-USD.P | +0.0006% | 1h | 741.73 | −0.152% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.47 | −0.052% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.82 | −0.005% | $36.9M | $78.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.72 | −0.153% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.49 | +0.085% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.37 | −0.066% | $424K | $151K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0078% | 8h | 742.73 | −0.017% | $319K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.22 | −0.086% | $3.4M | $350K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.16 | −0.094% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.28 | −0.078% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.76 | −0.148% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.18 | −0.092% | $1.5M | $761K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.17 | −0.093% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0297% | 4h | 742.49 | −0.050% | $759K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC