IONQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0344%/8h= +37.7% APRnext payment +$3.44 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.050%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1091.090% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.050%, 7d avg −0.147%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.098% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.147%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.44 per $10,000. 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	Bitget IONQUSDT	40.280	−0.0344	get 0.0344% / 8h	1h 58m	$1.5M	$416K	20x
Short	Bybit IONQUSDT	40.260	0	get 0.0000% / 8h	1h 58m	$680K	$254K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.050%Rate

Funding earned: $72.24
Price spread: −0.050% → −0.147%: $9.75
Slippage, 4 orders: −$85.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.97
Costs to cover: 1.090%
Break-even: 9.6 days

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 42 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 Bitget live order book, 3 min ago	7.44 bp	18.4 bp −$18	55.0 bp −$550	doesn't fit	doesn't fit
Sell Bybit live order book, 42 min ago	3.73 bp	37.7 bp −$38	204.4 bp −$2,044	doesn't fit	doesn't fit

IONQ on 12 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
Bitget IONQUSDTlong	−0.0344%	8h	40.280	long leg	$1.5M	$416K	20x
Binance IONQUSDT	0.0000%	8h	40.272	−0.019%	$739K	$1.3M	20x	as long as short
Bybit IONQUSDTshort	0.0000%	8h	40.260	−0.050%	$680K	$254K	25x
OKX IONQ-USDT-SWAP	0.0000%	8h	40.320	+0.099%	$132K	$268K	20x	as long as short
QFEX IONQ-USD	0.0000%	1h	40.220	−0.149%	$1.1M	$523K	10x	as long as short
Gate IONQ_USDT	0.0000%	8h	40.310	+0.074%	$480K	$496K	20x	as long as short
HTX IONQ-USDT	0.0000%	8h	40.350	+0.174%	$7K	$17K	10x	as long as short
Phemex IONQUSDT	0.0000%	8h	40.280	0.000%	$695K	$102K	20x	as long as short
BloFin IONQ-USDT	+0.0010%	8h	40.270	−0.025%	$49K	$9K	20x	as long as short
KuCoin IONQUSDTM	+0.0100%	8h	40.370	+0.223%	$37K	$2.9M	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX IONQUSDC	+0.0354%	4h	40.280	0.000%	$1K	$188K	10x	as long as short
Entropy io:IONQ	+0.1028%	1h	40.260	−0.050%	$42K	$187K	10x	as long as short