Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.129%
Price spread now: OKX against Entropy+0.098%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1851.847% of the position
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now +0.098%, 7d avg +0.081%
=The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:IONQ | 39.851 | 0.0050 | pay 0.0006% / 1h | 43m 01s | $42K | $182K | 10x |
| Short | OKX IONQ-USDT-SWAP | 39.890 | 0 | get 0.0000% / 8h | 7h 43m | $134K | $270K | 20x |
Entropy io:IONQ
OKX IONQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.098% → +0.081%
- $1.73
- Slippage, 4 orders
- −$156.65
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$193.43
- Costs to cover
- 1.847%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 2 min ago; OKX: live order book, 52 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, 2 min ago | 13.06 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 52 min ago | 8.71 bp | 22.2 bp −$22 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget IONQUSDT | −0.0187% | 8h | 39.870 | +0.048% | $1.5M | $413K | 20x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 39.811 | −0.100% | $758K | $1.3M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 39.790 | −0.153% | $722K | $294K | 25x | as long as short |
| OKX IONQ-USDT-SWAPshort | 0.0000% | 8h | 39.890 | +0.098% | $134K | $270K | 20x | |
| QFEX IONQ-USD | 0.0000% | 1h | 39.840 | −0.028% | $1.1M | $504K | 10x | as long as short |
| Gate IONQ_USDT | 0.0000% | 8h | 39.860 | +0.023% | $507K | $500K | 20x | as long as short |
| HTX IONQ-USDT | 0.0000% | 8h | 39.770 | −0.203% | $7K | $17K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 39.830 | −0.053% | $690K | $105K | 20x | as long as short |
| BloFin IONQ-USDT | +0.0006% | 8h | 39.810 | −0.103% | $49K | $9K | 20x | as long as short |
| Entropy io:IONQlong | +0.0050% | 1h | 39.851 | long leg | $42K | $182K | 10x |
Bitget IONQUSDT
Binance IONQUSDT
Bybit IONQUSDT
QFEX IONQ-USD
Gate IONQ_USDT
HTX IONQ-USDT
Phemex IONQUSDT
BloFin IONQ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IONQUSDTM | +0.0100% | 8h | 39.920 | +0.173% | $37K | $3.0M | 20x | as long as short |
| edgeX IONQUSDC | +0.0660% | 4h | 39.865 | +0.035% | $1K | $189K | 10x | as long as short |
KuCoin IONQUSDTM
edgeX IONQUSDC