Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.016%
Price spread now: Bybit against ApeX Omni+0.039%89s7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as 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−$350.350% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 7 days+0.035%+$3 · spread now +0.039%, 7d avg +0.076%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.037% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.076%). Swap the legs. The two prices were read 89 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 | ApeX Omni QQQUSDT | 744.14 | 0.0100 | pay 0.0013% / 1h | 36m 01s | $20K | $2.2M | 50x |
| Short | Bybit QQQUSDT | 744.43 | 0 | get 0.0000% / 8h | 4h 36m | $10.7M | $5.0M | 50x |
ApeX Omni QQQUSDT
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against ApeX Omni. 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
- −$21
- Price spread: +0.039% → +0.076%
- −$3.74
- Slippage, 4 orders
- −$14.02
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$59.76
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; Bybit: 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 ApeX Omni live order book, 3 min ago | 3.76 bp | 9.8 bp −$10 | 24.4 bp −$244 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.07 bp | 7.3 bp −$7 | 8.6 bp −$86 | 53.8 bp −$5,379 | 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 | −0.0141% | 1h | 742.94 | −0.161% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0122% / S +0.0222% | 1h | 744.51 | +0.050% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 744.29 | +0.020% | $1.1M | $271K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.46 | +0.042% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDTshort | 0.0000% | 8h | 744.43 | +0.039% | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | +0.020% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.054% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.94 | −0.027% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.62 | +0.065% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.108% | $2K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.075% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.74 | +0.081% | $361K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0002% | 8h | 744.38 | +0.033% | $17.1M | $7.5M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.96 | −0.024% | $1.2M | $536K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.31 | +0.023% | $7.7M | $16.3M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.75 | −0.052% | $700K | $1.6M | 25x | as long as short |
| Binance QQQUSDT | +0.0041% | 8h | 744.51 | +0.050% | $71.1M | $141.8M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.48 | +0.180% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.76 | +0.083% | $36.9M | $78.9M | 50x | as long as short |
| Nado QQQ-PERP | +0.0096% | 1h | 744.14 | −0.001% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.11 | −0.004% | $3.4M | $389K | 20x | as long as short |
| ApeX Omni QQQUSDTlong | +0.0100% | 1h | 744.14 | long leg | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.18 | +0.005% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.64 | −0.067% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0114% | 8h | 744.62 | +0.065% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.01 | −0.017% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0261% | 1h | 744.44 | +0.040% | $425K | $149K | 20x | as long as short |
| edgeX QQQUSDC | +0.0636% | 4h | 744.35 | +0.029% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Binance QQQUSDT
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC