Funding you earn now, next payment 06:00 UTC−0.0363%/8h= −39.7% APRpaid last 24h −0.135%
Price spread now: Bitget against Entropy+0.092%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1161.157% of the position
Funding, last 7 days−0.355%−$36 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.092%, 7d avg +0.138%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.046% cheaper against Entropy than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.138%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:IONQ | 40.193 | 0.0120 | pay 0.0015% / 1h | 36m 15s | $43K | $177K | 10x |
| Short | Bitget IONQUSDT | 40.230 | −0.0243 | pay 0.0243% / 8h | 2h 36m | $1.5M | $408K | 20x |
Entropy io:IONQ
Bitget IONQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$76.2
- Price spread: +0.092% → +0.138%
- −$4.61
- Slippage, 4 orders
- −$85.65
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$196.47
- Costs to cover
- 1.157%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 39 min ago; Bitget: live order book, 5 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, 39 min ago | 16.32 bp | 46.5 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 7.45 bp | 20.2 bp −$20 | 49.7 bp −$497 | 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 IONQUSDTshort | −0.0243% | 8h | 40.230 | +0.092% | $1.5M | $408K | 20x | |
| BloFin IONQ-USDT | −0.0025% | 8h | 40.190 | −0.007% | $49K | $9K | 20x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.210 | +0.042% | $734K | $1.3M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.190 | −0.007% | $676K | $250K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.200 | +0.017% | $132K | $267K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.190 | −0.007% | $1.1M | $546K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 40.230 | +0.092% | $501K | $474K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.180 | −0.032% | $7K | $18K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 40.210 | +0.042% | $693K | $101K | 20x | as long as short |
| KuCoin IONQUSDTM | +0.0100% | 8h | 40.350 | +0.391% | $36K | $2.9M | 20x | as long as short |
BloFin IONQ-USDT
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Gate IONQ_USDT
HTX IONQ-USDT
Phemex IONQUSDT
KuCoin IONQUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQlong | +0.0120% | 1h | 40.193 | long leg | $43K | $177K | 10x | |
| edgeX IONQUSDC | +0.0656% | 4h | 40.175 | −0.044% | $1K | $187K | 10x | as long as short |
edgeX IONQUSDC