Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against Gate+0.050%51s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as 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−$400.404% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 7 days−0.161%−$16 · spread now +0.050%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.101% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.051%. The two prices were read 51 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 | Gate QQQ_USDT | 742.47 | 0 | get 0.0000% / 8h | 3h 14m | $3.3M | $21.2M | 50x |
| Short | ApeX Omni QQQUSDT | 742.84 | 0.0100 | get 0.0013% / 1h | 14m 37s | $20K | $2.2M | 50x |
Gate QQQ_USDT
ApeX Omni QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Gate. 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: +0.050% → −0.051%
- $10.07
- Slippage, 4 orders
- −$15.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$9.36
- Costs to cover
- 0.404%
- Break-even
- 10.1 days
Slippage from Gate: live order book, 4 min ago; ApeX Omni: 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 Gate live order book, 4 min ago | 1.55 bp | 11.0 bp −$11 | 16.3 bp −$163 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 4 min ago | 3.84 bp | 10.6 bp −$11 | 38.3 bp −$383 | 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 −0.0138% / S +0.0235% | 1h | 743.25 | +0.106% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0026% | 8h | 743.10 | +0.085% | $1.1M | $246K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0018% | 1h | 741.97 | −0.067% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.84 | +0.050% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.14 | +0.091% | $70.2M | $142.8M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.07 | +0.081% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.97 | +0.067% | $21.5M | $27.3M | 50x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 742.47 | long leg | $3.3M | $21.2M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 743.29 | +0.110% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.13 | +0.090% | $17.1M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.72 | +0.168% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.78 | +0.042% | $1.2M | $537K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.43 | +0.129% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.48 | +0.136% | $361K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.19 | +0.096% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.93 | +0.062% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.31 | +0.113% | $37.0M | $79.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.31 | −0.022% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.05 | +0.213% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0067% | 8h | 743.40 | +0.125% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0086% | 1h | 742.77 | +0.041% | $1.5M | $760K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.84 | +0.050% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDTshort | +0.0100% | 1h | 742.84 | +0.050% | $20K | $2.2M | 50x | |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.97 | +0.067% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.40 | −0.009% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.48 | +0.001% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 743.04 | +0.077% | $424K | $151K | 20x | as long as short |
| edgeX QQQUSDC | +0.0856% | 4h | 743.06 | +0.080% | $760K | $336K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC