Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.005%
Price spread now: Aster against Phemex−0.100%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$660.664% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.100%, 7d avg −0.044%
=Together, before fees+0.074%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.056% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.92 | 0 | get 0.0000% / 8h | 7h 25m | $362K | $1.4M | 10x |
| Short | Aster QQQUSDT | 744.17 | 0.0003 | get 0.0003% / 8h | 7h 25m | $841K | $714K | 20x |
Phemex QQQUSDT
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $0.68
- Price spread: −0.100% → −0.044%
- −$5.59
- Slippage, 4 orders
- −$46.43
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$71.33
- Costs to cover
- 0.664%
- Break-even
- 736.4 days
Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 48 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 Phemex live order book, 3 min ago | 2.42 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 48 min ago | 0.27 bp | 4.3 bp −$4 | 5.3 bp −$53 | 26.1 bp −$2,606 | 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 | −0.0356% | 1h | 743.42 | −0.201% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0087% / S +0.0194% | 1h | 744.72 | −0.028% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0001% | 8h | 744.38 | −0.072% | $1.1M | $318K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.80 | −0.016% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.54 | −0.051% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.37 | −0.074% | $3.2M | $27.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.22 | +0.040% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.067% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.92 | long leg | $362K | $1.4M | 10x | |
| Aster QQQUSDTshort | +0.0003% | 8h | 744.17 | −0.100% | $841K | $714K | 20x |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.40 | −0.070% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.81 | −0.015% | $37.4M | $80.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 744.02 | −0.121% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.26 | +0.046% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | −0.027% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.36 | −0.075% | $1.2M | $549K | 20x | as long as short |
| Binance QQQUSDT | +0.0080% | 8h | 744.68 | −0.032% | $71.1M | $152.1M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.42 | −0.067% | $425K | $147K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.29 | −0.085% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.53 | −0.052% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.47 | −0.060% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0101% | 1h | 744.45 | −0.063% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.96 | −0.129% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0180% | 8h | 744.75 | −0.023% | $16.9M | $6.5M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.76 | −0.021% | $5.4M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | −0.119% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0304% | 8h | 745.05 | +0.018% | $317K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0961% | 4h | 744.90 | −0.002% | $762K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC