Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against Phemex−0.075%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.075%, 7d avg −0.073%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 742.29 | 0 | get 0.0000% / 8h | 6h 16m | $362K | $1.6M | 10x |
| Short | Gate QQQ_USDT | 741.73 | 0 | get 0.0000% / 8h | 6h 16m | $3.5M | $20.3M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- Price spread: −0.075% → −0.073%
- −$0.22
- Slippage, 4 orders
- −$60.72
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$87.94
- Costs to cover
- 0.877%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 6 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, 5 min ago | 2.36 bp | 31.7 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 2.36 bp | 12.7 bp −$13 | 17.5 bp −$175 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0200% / S +0.0283% | 1h | 741.76 | −0.071% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0109% | 1h | 740.49 | −0.242% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.98 | −0.041% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.72 | −0.077% | $21.7M | $29.7M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.71 | −0.078% | $5.4M | $5.8M | 25x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 741.73 | −0.075% | $3.5M | $20.3M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 741.84 | −0.061% | $16.7M | $5.4M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.26 | −0.004% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 741.83 | −0.062% | $251K | $38K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 742.29 | long leg | $362K | $1.6M | 10x |
Show all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0017% | 8h | 741.53 | −0.102% | $1.1M | $227K | 20x | as long as short |
| Variational Omni QQQ | +0.0025% | 8h | 741.58 | −0.095% | $16.8M | $7.2M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.71 | −0.078% | $7.5M | $15.0M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.15 | −0.019% | $38.4M | $78.2M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.31 | −0.132% | $1.2M | $528K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.11 | −0.159% | $648K | $1.4M | 25x | as long as short |
| Bybit QQQUSDT | +0.0045% | 8h | 741.95 | −0.046% | $10.6M | $4.9M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.87 | +0.078% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0054% | 8h | 742.04 | −0.033% | $71.1M | $141.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.49 | −0.108% | $3.4M | $447K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.16 | −0.152% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.67 | −0.084% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0101% | 1h | 741.69 | −0.081% | $424K | $125K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.13 | −0.156% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0116% | 1h | 741.44 | −0.115% | $1.6M | $795K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0193% | 8h | 741.90 | −0.053% | $321K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0276% | 4h | 741.57 | −0.097% | $758K | $336K | 20x | as long as short |
| Phoenix QQQ | +0.0280% | 1h | 741.34 | −0.128% | $38K | $59K | 20x | as long as short |
Phemex QQQUSDT
Gate QQQ_USDT
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
BloFin QQQ-USDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ