Funding you earn now, next payment 02:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h +0.016%
Price spread now: ApeX Omni against Deribit−0.035%74s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.294% of the position
Funding, last 5 days (all we have)+0.033%+$3 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.035%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.065% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 74 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 | Deribit QQQ_USDC-PERPETUAL | 743.88 | 0.0127 | pay 0.0016% / 1h | 34m 22s | $425K | $148K | 20x |
| Short | ApeX Omni QQQUSDT | 743.62 | 0.0100 | get 0.0013% / 1h | 34m 22s | $20K | $2.2M | 50x |
Deribit QQQ_USDC-PERPETUAL
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- −$5.58
- Price spread: −0.035% → +0.030%
- −$6.47
- Slippage, 4 orders
- −$12.43
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$41.47
- Costs to cover
- 0.294%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 34 min ago; ApeX Omni: live order book, 5 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 Deribit live order book, 34 min ago | 0.07 bp | 3.6 bp −$4 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 5 min ago | 3.77 bp | 9.9 bp −$10 | 24.6 bp −$246 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0159% | 1h | 742.98 | −0.121% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0097% / S +0.0203% | 1h | 744.09 | +0.028% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.03 | +0.020% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.95 | +0.009% | $21.5M | $25.6M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.67 | −0.028% | $3.3M | $21.9M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.54 | +0.089% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.08 | +0.027% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.32 | +0.059% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0008% | 8h | 744.08 | +0.027% | $841K | $712K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0026% | 8h | 744.31 | +0.058% | $1.1M | $319K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.87 | −0.001% | $7.8M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.33 | +0.060% | $37.4M | $79.8M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.15 | −0.098% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.04 | +0.156% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 743.40 | −0.065% | $1.2M | $536K | 20x | as long as short |
| Variational Omni QQQ | +0.0062% | 8h | 743.95 | +0.009% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDT | +0.0062% | 8h | 744.13 | +0.034% | $16.9M | $5.9M | 20x | as long as short |
| Binance QQQUSDT | +0.0085% | 8h | 744.08 | +0.027% | $71.1M | $147.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.84 | −0.005% | $3.4M | $405K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 743.62 | −0.035% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.81 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.30 | −0.078% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 743.79 | −0.012% | $1.5M | $1.0M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0127% | 1h | 743.88 | long leg | $425K | $148K | 20x | |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.15 | +0.036% | $5.4M | $8.1M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.66 | −0.030% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0230% | 8h | 744.26 | +0.052% | $318K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0751% | 4h | 743.92 | +0.006% | $761K | $334K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Bitget QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC