Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.135%
Price spread now: Entropy against Gate−0.253%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$371as in the Funding arb table
Net, price: spread back to 7d avg − costs−$388as in the Price arb table
costs, in and out, $10k−$3733.726% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.253%, 7d avg −0.100%
=Funding pays, the price is against you. Entropy is 0.153% cheaper against Gate than usual: you would sell low and buy high (spread −0.253% now, against its 7-day average of −0.100%). If the spread goes back, that is −$15 on $10k: about 10 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.017% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate IONQ_USDT | 40.330 | 0 | get 0.0000% / 8h | 2h 12m | $484K | $499K | 20x |
| Short | Entropy io:IONQ | 40.228 | 0.0050 | get 0.0006% / 1h | 12m 00s | $40K | $185K | 10x |
Gate IONQ_USDT
Entropy io:IONQFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Gate. 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: −0.253% → −0.100%
- −$15.32
- Slippage, 4 orders
- −$339.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$377.47
- Costs to cover
- 3.726%
- Break-even
- 258.6 days
Slippage from Gate: live order book, 34 min ago; Entropy: live order book, 63 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 Gate live order book, 34 min ago | 34.69 bp | 198.3 bp −$198 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 63 min ago | 16.32 bp | 33.5 bp −$33 | 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 | −0.0876% | 4h | 40.224 | −0.262% | $1K | $188K | 10x | as long as short |
| Bitget IONQUSDT | −0.0376% | 8h | 40.270 | −0.149% | $1.5M | $415K | 20x | as long as short |
| Binance IONQUSDT | 0.0000% | 8h | 40.310 | −0.050% | $741K | $1.3M | 20x | as long as short |
| Bybit IONQUSDT | 0.0000% | 8h | 40.290 | −0.099% | $680K | $254K | 25x | as long as short |
| OKX IONQ-USDT-SWAP | 0.0000% | 8h | 40.280 | −0.124% | $132K | $268K | 20x | as long as short |
| QFEX IONQ-USD | 0.0000% | 1h | 40.260 | −0.174% | $1.1M | $557K | 10x | as long as short |
| Gate IONQ_USDTlong | 0.0000% | 8h | 40.330 | long leg | $484K | $499K | 20x | |
| HTX IONQ-USDT | 0.0000% | 8h | 40.330 | 0.000% | $7K | $17K | 10x | as long as short |
| Phemex IONQUSDT | 0.0000% | 8h | 40.300 | −0.074% | $695K | $102K | 20x | as long as short |
| BloFin IONQ-USDT | +0.0025% | 8h | 40.260 | −0.174% | $49K | $9K | 20x | as long as short |
edgeX IONQUSDC
Bitget IONQUSDT
Binance IONQUSDT
Bybit IONQUSDT
OKX IONQ-USDT-SWAP
QFEX IONQ-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:IONQshort | +0.0050% | 1h | 40.228 | −0.253% | $40K | $185K | 10x | |
| KuCoin IONQUSDTM | +0.0100% | 8h | 40.340 | +0.025% | $38K | $2.9M | 20x | as long as short |
KuCoin IONQUSDTM