Funding arb · Price arb /

IONQ

RWAall IONQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0520%/8h= −56.9% APRpaid last 24h +0.069%

Price spread now: Binance against edgeX+0.028%80s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as 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−$1291.292% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now +0.028%, 7d avg +0.029%

Together, before fees+0.220%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. The two prices were read 80 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 -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX IONQUSDC	40.177	0.0520	pay 0.0260% / 4h	2h 18m	$1K	$188K	10x
Short	Binance IONQUSDT	40.188	0	get 0.0000% / 8h	6h 18m	$745K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$109.11
Price spread: +0.028% → +0.029%: −$0.1
Slippage, 4 orders: −$110.22
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$238.43
Costs to cover: 1.292%
Break-even: never at this rate

Slippage from edgeX: live order book, 31 min ago; Binance: live order book, 7 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 edgeX live order book, 31 min ago	8.72 bp	46.4 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	4.97 bp	16.9 bp −$17	79.0 bp −$790	doesn't fit	doesn't fit

IONQ on 12 exchanges

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
QFEX IONQ-USD	0.0000%	1h	40.200	+0.058%	$1.1M	$472K	10x	as long as short
Binance IONQUSDTshort	0.0000%	8h	40.188	+0.028%	$745K	$1.4M	20x
Bybit IONQUSDT	0.0000%	8h	40.210	+0.082%	$815K	$344K	25x	as long as short
OKX IONQ-USDT-SWAP	0.0000%	8h	40.240	+0.157%	$139K	$295K	20x	as long as short
Gate IONQ_USDT	0.0000%	8h	40.200	+0.058%	$542K	$524K	20x	as long as short
Bitget IONQUSDT	0.0000%	8h	40.180	+0.008%	$1.5M	$399K	20x	as long as short
HTX IONQ-USDT	0.0000%	8h	40.130	−0.117%	$7K	$15K	10x	as long as short
Phemex IONQUSDT	0.0000%	8h	40.210	+0.082%	$700K	$109K	20x	as long as short
BloFin IONQ-USDT	+0.0030%	8h	40.220	+0.107%	$50K	$8K	20x	as long as short
KuCoin IONQUSDTM	+0.0100%	8h	40.280	+0.257%	$37K	$3.0M	20x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:IONQ	+0.0356%	1h	40.221	+0.110%	$96K	$215K	10x	as long as short
edgeX IONQUSDClong	+0.0520%	4h	40.177	long leg	$1K	$188K	10x