Funding you earn now, next payment 04:00 UTC+0.0490%/8h= +53.6% APRpaid last 24h −0.008%
Price spread now: edgeX against Phemex−0.064%78s7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as 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−$820.816% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 3 days (all we have)0.000%$0 · spread now −0.064%, 7d avg −0.052%
=Together, before fees+0.027%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex QQQUSDT | 744.85 | 0 | get 0.0000% / 8h | 6h 13m | $360K | $1.4M | 10x |
| Short | edgeX QQQUSDC | 744.37 | 0.0490 | get 0.0245% / 4h | 2h 13m | $761K | $335K | 20x |
Phemex QQQUSDT
edgeX QQQUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $102.83
- Price spread: −0.064% → −0.052%
- −$1.21
- Slippage, 4 orders
- −$60.56
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $20.06
- Costs to cover
- 0.816%
- Break-even
- 5.6 days
Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 55 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, 4 min ago | 2.08 bp | 29.6 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 55 min ago | 4.16 bp | 8.7 bp −$9 | 9.8 bp −$98 | doesn't fit | doesn't fit |
QQQ on 27 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 −0.0101% / S +0.0206% | 1h | 744.54 | −0.041% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0088% | 1h | 743.56 | −0.173% | $4.2M | $1.9M | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.65 | −0.027% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.41 | −0.059% | $21.7M | $26.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.09 | −0.102% | $3.3M | $23.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.01 | +0.021% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.25 | +0.054% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDTlong | 0.0000% | 8h | 744.85 | long leg | $360K | $1.4M | 10x | |
| Aster QQQUSDT | +0.0005% | 8h | 744.45 | −0.053% | $841K | $712K | 20x | as long as short |
| Bitget QQQUSDT | +0.0025% | 8h | 744.60 | −0.034% | $16.9M | $5.9M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Aster QQQUSDT
Bitget QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.28 | −0.077% | $7.7M | $17.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.70 | −0.020% | $37.4M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.66 | −0.160% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.46 | +0.082% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.08 | −0.103% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0056% | 8h | 744.43 | −0.057% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0082% | 8h | 744.52 | −0.044% | $71.0M | $147.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.27 | −0.078% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.10 | −0.101% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.25 | −0.081% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.76 | −0.146% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.30 | −0.074% | $425K | $148K | 20x | as long as short |
| Nado QQQ-PERP | +0.0123% | 1h | 744.11 | −0.099% | $1.5M | $953K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.53 | −0.043% | $5.4M | $8.0M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 744.18 | −0.090% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0198% | 8h | 744.63 | −0.030% | $320K | $1.8M | 10x | as long as short |
| edgeX QQQUSDCshort | +0.0490% | 4h | 744.37 | −0.064% | $761K | $335K | 20x |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp