QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.015%

Price spread now: BloFin against Phemex−0.039%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.039%, 7d avg −0.044%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex QQQUSDT	740.52	0	get 0.0000% / 8h	7h 35m	$364K	$1.6M	10x
Short	BloFin QQQ-USDT	740.23	0.0022	get 0.0022% / 8h	7h 35m	$1.1M	$274K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $4.59
Price spread: −0.039% → −0.044%: $0.51
Slippage, 4 orders: −$52.13
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$71.03
Costs to cover: 0.761%
Break-even: 115.4 days

Slippage from Phemex: live order book, 3 min ago; BloFin: 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 Phemex live order book, 3 min ago	1.49 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.07 bp	8.2 bp −$8	8.8 bp −$88	12.0 bp −$1,200	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 −0.0184% / S +0.0270%	1h	740.32	−0.028%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	740.31	−0.028%	$822K	$865K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	740.01	−0.069%	$21.6M	$28.2M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	740.10	−0.056%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	739.64	−0.119%	$3.4M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	740.23	−0.039%	$16.5M	$5.1M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	740.73	+0.028%	$1K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	740.70	+0.024%	$250K	$41K	30x	as long as short
Phemex QQQUSDTlong	0.0000%	8h	740.52	long leg	$364K	$1.6M	10x
Variational Omni QQQ	+0.0002%	8h	740.22	−0.040%	$16.7M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX QQQUSDC	+0.0010%	4h	740.44	−0.011%	$757K	$335K	20x	as long as short
Bybit QQQUSDT	+0.0018%	8h	740.26	−0.035%	$10.6M	$5.0M	50x	as long as short
BloFin QQQ-USDTshort	+0.0022%	8h	740.23	−0.039%	$1.1M	$274K	20x
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	739.68	−0.113%	$1.2M	$493K	20x	as long as short
Binance QQQUSDT	+0.0031%	8h	740.31	−0.028%	$70.0M	$139.7M	25x	as long as short
Lighter QQQ	+0.0032%	1h	739.98	−0.073%	$7.6M	$15.3M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	740.38	−0.019%	$37.5M	$79.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	739.48	−0.140%	$646K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.26	+0.100%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.24	−0.173%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	739.89	−0.085%	$3.4M	$381K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	739.84	−0.092%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.06	−0.062%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0101%	1h	740.05	−0.063%	$423K	$158K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	739.50	−0.138%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0150%	1h	739.82	−0.095%	$1.6M	$742K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0184%	8h	740.55	+0.004%	$326K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0248%	1h	739.82	−0.095%	$38K	$65K	20x	as long as short