Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.013%
Price spread now: Deribit against Phemex−0.083%7-day average −0.092% · 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−$70as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 5 days (all we have)+0.107%+$11 on $10k
+Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.083%, 7d avg −0.092%
=The price spread sits at its 7-day average of −0.092%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.50 | 0 | get 0.0000% / 8h | 7h 21m | $362K | $1.4M | 10x |
| Short | Deribit QQQ_USDC-PERPETUAL | 743.88 | 0.0046 | get 0.0006% / 1h | 21m 31s | $425K | $147K | 20x |
Phemex QQQUSDT
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $9.62
- Price spread: −0.083% → −0.092%
- $0.92
- Slippage, 4 orders
- −$52.16
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$60.62
- Costs to cover
- 0.712%
- Break-even
- 51.1 days
Slippage from Phemex: live order book, 1 min ago; Deribit: live order book, 52 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, 1 min ago | 2.15 bp | 35.4 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 52 min ago | 1.28 bp | 4.8 bp −$5 | 5.7 bp −$57 | 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 | −0.0339% | 1h | 742.93 | −0.211% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0087% / S +0.0195% | 1h | 744.21 | −0.040% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0001% | 8h | 744.17 | −0.044% | $1.1M | $318K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.23 | −0.036% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.00 | −0.067% | $21.4M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.89 | −0.082% | $3.2M | $28.0M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.75 | +0.034% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.124% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.50 | long leg | $362K | $1.4M | 10x | |
| Aster QQQUSDT | +0.0004% | 8h | 744.21 | −0.040% | $841K | $714K | 20x | as long as short |
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-USDT
Aster QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.03 | −0.063% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.33 | −0.023% | $37.3M | $80.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.60 | −0.121% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.78 | +0.038% | — | $306K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0046% | 1h | 743.88 | −0.083% | $425K | $147K | 20x | |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | +0.030% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.24 | −0.035% | $1.2M | $550K | 20x | as long as short |
| Binance QQQUSDT | +0.0081% | 8h | 744.26 | −0.032% | $71.1M | $152.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.91 | −0.079% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.80 | −0.094% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.97 | −0.071% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0104% | 1h | 743.78 | −0.097% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.43 | −0.144% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0172% | 8h | 744.34 | −0.021% | $16.9M | $6.2M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.26 | −0.032% | $5.4M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.20 | −0.040% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0318% | 8h | 744.89 | +0.052% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0530% | 4h | 744.16 | −0.045% | $761K | $336K | 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
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