Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.040%
Price spread now: Phemex against Bitget+0.019%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.019%, 7d avg +0.003%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget QQQUSDT | 742.18 | 0 | get 0.0000% / 8h | 1h 43m | $16.6M | $5.6M | 20x |
| Short | Phemex QQQUSDT | 742.32 | 0 | get 0.0000% / 8h | 1h 43m | $361K | $1.6M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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: +0.019% → +0.003%
- $1.63
- Slippage, 4 orders
- −$49.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$71.58
- Costs to cover
- 0.732%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 4 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 Bitget live order book, 5 min ago | 0.07 bp | 6.8 bp −$7 | 9.4 bp −$94 | 12.8 bp −$1,276 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.96 bp | 30.2 bp −$30 | doesn't fit | 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 −0.0157% / S +0.0250% | 1h | 742.05 | −0.017% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0034% | 1h | 740.78 | −0.189% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.02 | −0.022% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.97 | −0.028% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.89 | −0.039% | $21.5M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.98 | −0.027% | $5.5M | $6.3M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.34 | −0.113% | $3.3M | $21.5M | 50x | as long as short |
| Bitget QQQUSDTlong | 0.0000% | 8h | 742.18 | long leg | $16.6M | $5.6M | 20x | |
| Variational Omni QQQ | 0.0000% | 8h | 741.92 | −0.036% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.51 | +0.044% | $2K | $1.8M | 10x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 742.64 | +0.062% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 742.32 | +0.019% | $361K | $1.6M | 10x | |
| Binance QQQUSDT | +0.0001% | 8h | 742.13 | −0.007% | $70.1M | $145.5M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0012% | 8h | 741.74 | −0.059% | $1.1M | $278K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.73 | −0.061% | $1.2M | $550K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.83 | −0.047% | $7.6M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 742.30 | +0.016% | $36.9M | $79.9M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.11 | −0.144% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.90 | +0.097% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.68 | −0.067% | $3.4M | $350K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.61 | −0.077% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.72 | −0.062% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.24 | −0.127% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0109% | 8h | 742.27 | +0.012% | $318K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0128% | 1h | 741.72 | −0.062% | $424K | $154K | 20x | as long as short |
| Nado QQQ-PERP | +0.0144% | 1h | 741.46 | −0.096% | $1.5M | $758K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.77 | −0.055% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0211% | 4h | 741.89 | −0.040% | $759K | $336K | 20x | as long as short |
Bitget QQQUSDT
Phemex QQQUSDT
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDT
Binance QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC