Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.016%
Price spread now: ApeX Omni against Bybit−0.047%89s7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as 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−$340.342% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now −0.047%, 7d avg −0.076%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.029% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.076%. 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 | Bybit QQQUSDT | 742.67 | 0 | get 0.0000% / 8h | 2h 45m | $10.7M | $5.1M | 50x |
| Short | ApeX Omni QQQUSDT | 742.32 | 0.0100 | get 0.0013% / 1h | 45m 54s | $20K | $2.2M | 50x |
Bybit QQQUSDT
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. 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: −0.047% → −0.076%
- $2.93
- Slippage, 4 orders
- −$13.16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$10.23
- Costs to cover
- 0.342%
- Break-even
- 10.4 days
Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 8 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 Bybit live order book, 2 min ago | 0.07 bp | 7.4 bp −$7 | 11.5 bp −$115 | 73.8 bp −$7,376 | doesn't fit |
| Sell ApeX Omni live order book, 8 min ago | 3.77 bp | 10.0 bp −$10 | 27.3 bp −$273 | 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 −0.0144% / S +0.0240% | 1h | 742.57 | −0.014% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.56 | −0.015% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.59 | −0.011% | $69.9M | $143.0M | 25x | as long as short |
| Bybit QQQUSDTlong | 0.0000% | 8h | 742.67 | long leg | $10.7M | $5.1M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.27 | −0.054% | $21.6M | $27.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.56 | −0.015% | $5.4M | $7.2M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.92 | −0.101% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.69 | +0.003% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.44 | −0.032% | $17.0M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.09 | +0.057% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance 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 | −0.077% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | +0.024% | $252K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.86 | +0.026% | $359K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0001% | 8h | 742.26 | −0.055% | $1.1M | $246K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0002% | 1h | 741.73 | −0.127% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.42 | −0.034% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.80 | +0.018% | $36.9M | $78.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.72 | −0.128% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.49 | +0.110% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0073% | 1h | 742.37 | −0.040% | $424K | $151K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0077% | 8h | 742.85 | +0.024% | $319K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.23 | −0.059% | $3.4M | $349K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 742.32 | −0.047% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.28 | −0.053% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.76 | −0.123% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.18 | −0.066% | $1.5M | $761K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.17 | −0.067% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0971% | 4h | 742.47 | −0.027% | $759K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin 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
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC