Funding you earn now, next payment 09:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.008%
Price spread now: Arcus against Aster−0.094%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 4 days (all we have)+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.094%, 7d avg −0.129%
=Together, before fees+0.006%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.035% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.129%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 740.75 | 0 | get 0.0000% / 8h | 7h 49m | $823K | $865K | 20x |
| Short | Arcus QQQ-USD | 740.05 | 0.0040 | get 0.0005% / 1h | 49m 35s | $646K | $1.7M | 25x |
Aster QQQUSDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Aster. 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: −0.094% → −0.129%
- $3.49
- Slippage, 4 orders
- −$6.11
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$6.66
- Costs to cover
- 0.186%
- Break-even
- 12.5 days
Slippage from Aster: live order book, 48 min ago; Arcus: live order book, 4 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 Aster live order book, 48 min ago | 0.07 bp | 5.2 bp −$5 | 5.9 bp −$59 | 40.7 bp −$4,070 | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.54 bp | 3.5 bp −$3 | 4.0 bp −$40 | doesn't fit | 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 −0.0181% / S +0.0268% | 1h | 740.74 | −0.001% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0022% | 8h | 740.91 | +0.022% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 740.75 | long leg | $823K | $865K | 20x | |
| Bybit QQQUSDT | 0.0000% | 8h | 741.00 | +0.034% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.68 | −0.009% | $21.6M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.79 | +0.005% | $5.4M | $5.8M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 740.28 | −0.063% | $3.4M | $20.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.85 | +0.014% | $16.5M | $5.2M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.01 | +0.036% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 741.10 | +0.048% | $2K | $1.7M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 741.13 | +0.052% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 741.01 | +0.036% | $361K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0024% | 1h | 740.05 | −0.094% | $1.2M | $489K | 20x | as long as short |
| Binance QQQUSDT | +0.0027% | 8h | 740.88 | +0.018% | $70.2M | $140.0M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.73 | −0.002% | $7.7M | $15.0M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.06 | +0.043% | $37.5M | $78.9M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 740.05 | −0.094% | $646K | $1.7M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.68 | +0.126% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 740.14 | −0.082% | $4.2M | $1.8M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0063% | 8h | 741.14 | +0.053% | $326K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.49 | −0.034% | $3.4M | $369K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 740.52 | −0.030% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.40 | −0.047% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.02 | −0.097% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0142% | 1h | 740.45 | −0.040% | $423K | $157K | 20x | as long as short |
| Nado QQQ-PERP | +0.0148% | 1h | 740.56 | −0.025% | $1.6M | $744K | 20x | as long as short |
| edgeX QQQUSDC | +0.0210% | 4h | 740.86 | +0.015% | $757K | $335K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.42 | −0.044% | $38K | $65K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
edgeX QQQUSDC
Phoenix QQQ