Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.006%
Price spread now: Aster against Arcus+0.070%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 3 days (all we have)−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.070%, 7d avg +0.132%
=Together, before fees+0.020%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.062% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.132%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 742.47 | 0.0040 | pay 0.0005% / 1h | 49m 59s | $737K | $1.4M | 25x |
| Short | Aster QQQUSDT | 742.99 | 0 | get 0.0000% / 8h | 49m 59s | $841K | $780K | 20x |
Arcus QQQ-USD
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Arcus. 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
- −$8.46
- Price spread: +0.070% → +0.132%
- −$6.15
- Slippage, 4 orders
- −$6.81
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$33.92
- Costs to cover
- 0.193%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 4 min ago; Aster: live order book, 28 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 Arcus live order book, 4 min ago | 0.81 bp | 3.9 bp −$4 | 4.1 bp −$41 | 12.8 bp −$1,276 | doesn't fit |
| Sell Aster live order book, 28 min ago | 0.74 bp | 4.7 bp −$5 | 6.0 bp −$60 | 68.6 bp −$6,857 | doesn't fit |
QQQ on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0069% / S +0.0181% | 1h | 743.30 | +0.112% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0019% | 8h | 742.84 | +0.050% | $1.0M | $468K | 20x | as long as short |
| Aster QQQUSDTshort | 0.0000% | 8h | 742.99 | +0.070% | $841K | $780K | 20x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.10 | +0.085% | $21.5M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.73 | +0.035% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.73 | +0.170% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.14 | +0.090% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.69 | +0.164% | $361K | $1.4M | 10x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 742.47 | long leg | $737K | $1.4M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.68 | +0.163% | — | $621K | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Vest QQQ-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | +0.0046% | 8h | 743.13 | +0.089% | $17.6M | $10.3M | — | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.20 | −0.036% | $4.2M | $2.1M | 20x | as long as short |
| Lighter RH QQQ | +0.0056% | 1h | 743.43 | +0.129% | $37.7M | $78.7M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.80 | +0.044% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDT | +0.0078% | 8h | 743.27 | +0.108% | $71.0M | $160.5M | 25x | as long as short |
| Lighter QQQ | +0.0088% | 1h | 743.13 | +0.089% | $7.7M | $20.8M | 30x | as long as short |
| Bybit QQQUSDT | +0.0095% | 8h | 743.40 | +0.125% | $10.7M | $5.2M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.74 | +0.036% | $3.4M | $424K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.65 | +0.024% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.95 | +0.065% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.54 | +0.010% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0184% | 8h | 743.22 | +0.101% | $319K | $1.8M | 10x | as long as short |
| Nado QQQ-PERP | +0.0187% | 1h | 742.70 | +0.030% | $1.5M | $1.3M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.41 | +0.127% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 742.65 | +0.024% | $38K | $73K | 20x | as long as short |
| Bitget QQQUSDT | +0.0196% | 8h | 743.10 | +0.085% | $16.9M | $7.1M | 20x | as long as short |
| edgeX QQQUSDC | +0.0203% | 4h | 743.11 | +0.086% | $760K | $336K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0235% | 1h | 743.01 | +0.073% | $424K | $187K | 20x | as long as short |
Variational Omni QQQ
Ondo Perps QQQ-USD.P
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
Bitget QQQUSDT
edgeX QQQUSDC
Deribit QQQ_USDC-PERPETUAL