Funding arb · Price arb /

IONQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0850%/8h= +93.1% APRpaid last 24h +0.021%

Price spread now: Gate against edgeX+0.180%97s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as 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−$1531.532% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.265%+$27 on $10k

Price spread, last 4 days (all we have)−0.241%−$24 · spread now +0.180%, 7d avg +0.079%

Together, before fees+0.024%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Gate is 0.101% dearer against edgeX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.079%. The two prices were read 97 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 0.265% in total (about 13.8% 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	edgeX IONQUSDC	40.487	−0.0850	get 0.0425% / 4h	3h 29m	$1K	$188K	10x
Short	Gate IONQ_USDT	40.560	0	get 0.0000% / 8h	3h 29m	$505K	$477K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.180%Rate

Funding earned: $178.48
Price spread: +0.180% → +0.079%: $10.1
Slippage, 4 orders: −$129.23
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $35.36
Costs to cover: 1.532%
Break-even: 5.6 days

Slippage from edgeX: live order book, 22 min ago; Gate: live order book, 21 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, 22 min ago	7.37 bp	42.2 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 21 min ago	22.13 bp	32.4 bp −$32	doesn't fit	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
edgeX IONQUSDClong	−0.0850%	4h	40.487	long leg	$1K	$188K	10x
BloFin IONQ-USDT	−0.0025%	8h	40.550	+0.155%	$49K	$6K	20x	as long as short
Binance IONQUSDT	0.0000%	8h	40.556	+0.171%	$732K	$1.2M	20x	as long as short
Bybit IONQUSDT	0.0000%	8h	40.540	+0.130%	$679K	$248K	25x	as long as short
OKX IONQ-USDT-SWAP	0.0000%	8h	40.520	+0.081%	$133K	$269K	20x	as long as short
QFEX IONQ-USD	0.0000%	1h	40.540	+0.130%	$1.1M	$506K	10x	as long as short
Gate IONQ_USDTshort	0.0000%	8h	40.560	+0.180%	$505K	$477K	20x
Bitget IONQUSDT	0.0000%	8h	40.600	+0.279%	$1.5M	$379K	20x	as long as short
HTX IONQ-USDT	0.0000%	8h	40.530	+0.106%	$7K	$18K	10x	as long as short
Phemex IONQUSDT	0.0000%	8h	40.550	+0.155%	$698K	$100K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IONQUSDTM	+0.0100%	8h	40.630	+0.353%	$35K	$2.9M	20x	as long as short
Entropy io:IONQ	+0.0543%	1h	40.535	+0.118%	$45K	$172K	10x	as long as short