Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.129%
Price spread now: Binance against Entropy−0.129%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1131.135% of the position
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.129%, 7d avg +0.067%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.197% cheaper against Entropy than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:IONQ | 39.778 | 0.0050 | pay 0.0006% / 1h | 38m 27s | $42K | $185K | 10x |
| Short | Binance IONQUSDT | 39.727 | 0 | get 0.0000% / 8h | 7h 38m | $758K | $1.3M | 20x |
Entropy io:IONQ
Binance IONQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Entropy. 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
- −$10.5
- Price spread: −0.129% → +0.067%
- −$19.66
- Slippage, 4 orders
- −$85.46
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$143.62
- Costs to cover
- 1.135%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 7 min ago; Binance: live order book, 9 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 Entropy live order book, 7 min ago | 13.06 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 3.77 bp | 15.8 bp −$16 | 65.4 bp −$654 | 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 IONQUSDT | −0.0174% | 8h | 39.780 | +0.005% | $1.5M | $410K | 20x | as long as short |
| BloFin IONQ-USDT | −0.0008% | 8h | 39.820 | +0.106% | $50K | $9K | 20x | as long as short |
| Binance IONQUSDTshort | 0.0000% | 8h | 39.727 | −0.129% | $758K | $1.3M | 20x | |
| Bybit IONQUSDT | 0.0000% | 8h | 39.710 | −0.171% | $721K | $294K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 39.760 | −0.045% | $142K | $278K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 39.730 | −0.121% | $1.1M | $505K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 39.770 | −0.020% | $506K | $501K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 39.830 | +0.131% | $7K | $16K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 39.800 | +0.055% | $690K | $105K | 20x | as long as short |
| Entropy io:IONQlong | +0.0050% | 1h | 39.778 | long leg | $42K | $185K | 10x |
Bitget IONQUSDT
BloFin IONQ-USDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Gate IONQ_USDT
HTX IONQ-USDT
Phemex IONQUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IONQUSDTM | +0.0100% | 8h | 39.800 | +0.055% | $35K | $3.0M | 20x | as long as short |
| edgeX IONQUSDC | +0.0897% | 4h | 39.780 | +0.005% | $1K | $187K | 10x | as long as short |
KuCoin IONQUSDTM
edgeX IONQUSDC