Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.131%
Price spread now: Gate against Entropy0.000%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1241.240% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.150%+$15 · spread now 0.000%, 7d avg +0.101%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.101% cheaper against Entropy than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:IONQ | 40.880 | 0.0050 | pay 0.0006% / 1h | 37m 32s | $43K | $179K | 10x |
| Short | Gate IONQ_USDT | 40.880 | 0 | get 0.0000% / 8h | 7h 37m | $504K | $535K | 20x |
Entropy io:IONQ
Gate IONQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: 0.000% → +0.101%
- −$10.14
- Slippage, 4 orders
- −$90.96
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$144.6
- Costs to cover
- 1.240%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 17 min ago; Gate: live order book, 34 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, 17 min ago | 4.64 bp | 32.0 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 34 min ago | 13.46 bp | 24.9 bp −$25 | 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 IONQUSDC | −0.0648% | 4h | 40.893 | +0.032% | $1K | $186K | 10x | as long as short |
| BloFin IONQ-USDT | −0.0010% | 8h | 40.910 | +0.073% | $48K | $6K | 20x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.892 | +0.029% | $741K | $1.4M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.880 | 0.000% | $683K | $274K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.870 | −0.024% | $105K | $245K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.860 | −0.049% | $1.1M | $668K | 10x | as long as short |
| Gate IONQ_USDTshort | 0.0000% | 8h | 40.880 | 0.000% | $504K | $535K | 20x | |
| Bitget IONQUSDT | 0.0000% | 8h | 40.890 | +0.024% | $1.5M | $409K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 40.840 | −0.098% | $7K | $19K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 40.860 | −0.049% | $702K | $111K | 20x | as long as short |
edgeX IONQUSDC
BloFin IONQ-USDT
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
Bitget IONQUSDT
HTX IONQ-USDT
Phemex IONQUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQlong | +0.0050% | 1h | 40.880 | long leg | $43K | $179K | 10x | |
| KuCoin IONQUSDTM | +0.0100% | 8h | 41.030 | +0.367% | $38K | $2.9M | 20x | as long as short |
KuCoin IONQUSDTM