Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate+0.124%7-day average +0.071% · 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−$81as in the Price arb table
costs, in and out, $10k−$870.866% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.124%, 7d avg +0.071%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.053% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QQQ_USDT | 743.89 | 0 | get 0.0000% / 8h | 4h 36m | $3.3M | $20.8M | 50x |
| Short | Phemex QQQUSDT | 744.81 | 0 | get 0.0000% / 8h | 4h 36m | $361K | $1.5M | 10x |
Gate QQQ_USDT
Phemex QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.124% → +0.071%
- $5.28
- Slippage, 4 orders
- −$59.57
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$81.28
- Costs to cover
- 0.866%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 1 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, 2 min ago | 1.14 bp | 12.3 bp −$12 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.08 bp | 32.2 bp −$32 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0136% | 1h | 742.94 | −0.128% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0121% / S +0.0222% | 1h | 744.49 | +0.080% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0021% | 8h | 744.29 | +0.054% | $1.1M | $271K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.45 | +0.075% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.43 | +0.073% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | +0.054% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.088% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 743.89 | long leg | $3.3M | $20.8M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 744.62 | +0.098% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.94 | +0.141% | $2K | $1.9M | 10x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.109% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDTshort | 0.0000% | 8h | 744.81 | +0.124% | $361K | $1.5M | 10x | |
| Variational Omni QQQ | +0.0006% | 8h | 744.39 | +0.067% | $17.1M | $7.5M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.96 | +0.009% | $1.2M | $536K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.34 | +0.060% | $7.7M | $16.3M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.75 | −0.019% | $700K | $1.6M | 25x | as long as short |
| Binance QQQUSDT | +0.0041% | 8h | 744.50 | +0.082% | $71.1M | $141.8M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.45 | +0.210% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.80 | +0.122% | $36.9M | $78.9M | 50x | as long as short |
| Nado QQQ-PERP | +0.0096% | 1h | 744.19 | +0.040% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.12 | +0.031% | $3.4M | $389K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.14 | +0.034% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.18 | +0.039% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.65 | −0.032% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0114% | 8h | 744.62 | +0.098% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.01 | +0.016% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0261% | 1h | 744.40 | +0.069% | $425K | $149K | 20x | as long as short |
| edgeX QQQUSDC | +0.0636% | 4h | 744.35 | +0.062% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Arcus QQQ-USD
Binance QQQUSDT
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC