QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.023%

Price spread now: ApeX Omni against Coinbase International−0.001%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.001%, 7d avg +0.035%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.036% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.035%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International QQQ-PERP-INTX	741.14	0.0016	pay 0.0002% / 1h	6m 52s	$1.2M	$487K	20x
Short	ApeX Omni QQQUSDT	741.13	0.0100	get 0.0013% / 1h	6m 52s	$20K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ApeX OmnibpOrdersPrice spread, now −0.001%Rate

Funding earned: $17.64
Price spread: −0.001% → +0.035%: −$3.61
Slippage, 4 orders: −$10.91
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$16.88
Costs to cover: 0.309%
Break-even: 13.7 days

Slippage from Coinbase International: live order book, 2 min ago; ApeX Omni: 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 Coinbase International live order book, 2 min ago	0.07 bp	5.2 bp −$5	7.3 bp −$73	37.0 bp −$3,701	doesn't fit
Sell ApeX Omni live order book, 2 min ago	3.78 bp	9.6 bp −$10	24.4 bp −$244	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 −0.0177% / S +0.0265%	1h	741.75	+0.082%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0123%	1h	740.66	−0.065%	$4.2M	$1.8M	20x	as long as short
Gate QQQ_USDT	−0.0094%	8h	741.22	+0.011%	$3.3M	$21.7M	50x	as long as short
BloFin QQQ-USDT	−0.0019%	8h	741.34	+0.027%	$1.1M	$274K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.74	+0.082%	$824K	$864K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.73	+0.080%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.56	+0.057%	$21.5M	$28.4M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.49	+0.047%	$5.4M	$5.9M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.88	+0.100%	$16.5M	$5.3M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.57	+0.058%	$16.8M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.04	+0.121%	$2K	$1.7M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	741.34	+0.027%	$424K	$156K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.03	+0.120%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.00	+0.116%	$358K	$1.6M	10x	as long as short
Coinbase International QQQ-PERP-INTXlong	+0.0016%	1h	741.14	long leg	$1.2M	$487K	20x
Binance QQQUSDT	+0.0025%	8h	741.77	+0.085%	$70.3M	$140.6M	25x	as long as short
Lighter QQQ	+0.0032%	1h	741.53	+0.053%	$7.7M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.88	+0.100%	$37.4M	$81.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.84	−0.040%	$647K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.64	+0.202%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.32	+0.024%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDTshort	+0.0100%	1h	741.13	−0.001%	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.43	+0.039%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.98	−0.022%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0140%	1h	741.27	+0.018%	$1.6M	$744K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0144%	8h	741.77	+0.085%	$314K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0227%	1h	741.17	+0.004%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0942%	4h	741.62	+0.065%	$758K	$335K	20x	as long as short