Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.004%
Price spread now: Coinbase International against Arcus+0.035%7-day average +0.079% · 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−$28as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 3 days (all we have)+0.073%+$7 on $10k
+Price spread, last 3 days (all we have)+0.114%+$11 · spread now +0.035%, 7d avg +0.079%
=Funding pays, the price is against you. Coinbase International is 0.044% cheaper against Arcus than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.079%). If the spread goes back, that is −$4 on $10k: about 6.2 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.073% in total) that is about 2.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 743.47 | 0.0040 | pay 0.0005% / 1h | 31m 54s | $747K | $1.5M | 25x |
| Short | Coinbase International QQQ-PERP-INTX | 743.73 | 0.0064 | get 0.0008% / 1h | 31m 54s | $1.2M | $547K | 20x |
Arcus QQQ-USD
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $4.98
- Price spread: +0.035% → +0.079%
- −$4.43
- Slippage, 4 orders
- −$9.16
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$23.11
- Costs to cover
- 0.237%
- Break-even
- 39.5 days
Slippage from Arcus: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago | 0.87 bp | 6.1 bp −$6 | 8.3 bp −$83 | 25.6 bp −$2,558 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 0.07 bp | 6.8 bp −$7 | 8.6 bp −$86 | 45.2 bp −$4,524 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0366% | 1h | 742.76 | −0.095% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0085% / S +0.0193% | 1h | 744.33 | +0.115% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0025% | 8h | 744.01 | +0.073% | $1.1M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.98 | +0.068% | $841K | $739K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.10 | +0.085% | $21.5M | $25.0M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.99 | +0.070% | $3.2M | $27.5M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.77 | +0.175% | $1K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.40 | +0.125% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.46 | +0.133% | $362K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0005% | 8h | 744.38 | +0.122% | $10.7M | $4.9M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.06 | +0.079% | $7.6M | $18.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.52 | +0.141% | $37.3M | $79.8M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 743.47 | long leg | $747K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.82 | +0.182% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 744.16 | +0.093% | $17.1M | $9.8M | — | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0064% | 1h | 743.73 | +0.035% | $1.2M | $547K | 20x | |
| Binance QQQUSDT | +0.0074% | 8h | 744.35 | +0.118% | $71.1M | $152.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.94 | +0.063% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.83 | +0.048% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.06 | +0.079% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.50 | +0.004% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0110% | 1h | 743.78 | +0.041% | $1.5M | $1.2M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.13 | +0.089% | $425K | $147K | 20x | as long as short |
| Bitget QQQUSDT | +0.0173% | 8h | 744.22 | +0.101% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.31 | +0.113% | $5.5M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.83 | +0.048% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0273% | 8h | 744.30 | +0.112% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0458% | 4h | 744.12 | +0.088% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC