Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Coinbase International against Phemex−0.099%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.099%, 7d avg −0.098%
=The price spread sits at its 7-day average of −0.098%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.62 | 0 | get 0.0000% / 8h | 5h 50m | $361K | $1.4M | 10x |
| Short | Coinbase International QQQ-PERP-INTX | 743.88 | 0.0032 | get 0.0004% / 1h | 50m 01s | $1.2M | $532K | 20x |
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $6.72
- Price spread: −0.099% → −0.098%
- −$0.13
- Slippage, 4 orders
- −$55.16
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$70.57
- Costs to cover
- 0.772%
- Break-even
- 80.5 days
Slippage from Phemex: live order book, 3 min ago; Coinbase International: 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 Phemex live order book, 3 min ago | 1.81 bp | 35.2 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 0.07 bp | 5.8 bp −$6 | 6.9 bp −$69 | 31.7 bp −$3,173 | doesn't fit |
QQQ on 27 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 −0.0106% / S +0.0210% | 1h | 744.30 | −0.042% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.21 | −0.054% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.36 | −0.035% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.26 | −0.048% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.34 | −0.037% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.95 | −0.090% | $3.3M | $20.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.46 | −0.021% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.75 | +0.017% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.68 | +0.008% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.62 | long leg | $361K | $1.4M | 10x |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0005% | 4h | 744.28 | −0.045% | $761K | $334K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0010% | 1h | 743.42 | −0.161% | $4.2M | $1.9M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.05 | −0.077% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.48 | −0.019% | $37.3M | $78.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0032% | 1h | 743.88 | −0.099% | $1.2M | $532K | 20x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.45 | −0.157% | $705K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.25 | +0.085% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 744.19 | −0.058% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 744.28 | −0.046% | $71.2M | $144.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.02 | −0.081% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.99 | −0.085% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.96 | −0.089% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.49 | −0.152% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0114% | 1h | 744.04 | −0.078% | $1.5M | $923K | 20x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.99 | −0.085% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0169% | 8h | 744.51 | −0.015% | $322K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0247% | 1h | 744.13 | −0.066% | $425K | $149K | 20x | as long as short |
edgeX QQQUSDC
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL