Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.25 per $10,000 · paid last 24h +0.022%
Price spread now: BloFin against Aster−0.039%62s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.039%, 7d avg +0.001%
=Together, before fees−0.052%+ Points / potential airdropAster: Stage 5 · farm board−$5 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 BloFin is 0.041% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 744.48 | 0 | get 0.0000% / 8h | 4h 24m | $841K | $714K | 20x |
| Short | BloFin QQQ-USDT | 744.19 | −0.0025 | pay 0.0025% / 8h | 4h 24m | $1.1M | $271K | 20x |
Aster QQQUSDT
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$5.35
- Price spread: −0.039% → +0.001%
- −$4.06
- Slippage, 4 orders
- −$1.85
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$31.26
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from Aster: live order book, 33 min ago; BloFin: live order book, 8 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, 33 min ago | 0.81 bp | 4.8 bp −$5 | 6.1 bp −$61 | 28.6 bp −$2,859 | doesn't fit |
| Sell BloFin live order book, 8 min ago | 0.07 bp | 6.1 bp −$6 | 6.9 bp −$69 | 10.2 bp −$1,015 | 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 | −0.0165% | 1h | 743.14 | −0.180% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0124% / S +0.0224% | 1h | 744.48 | −0.001% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDTshort | −0.0025% | 8h | 744.19 | −0.039% | $1.1M | $271K | 20x | |
| Aster QQQUSDTlong | 0.0000% | 8h | 744.48 | long leg | $841K | $714K | 20x | |
| Bybit QQQUSDT | 0.0000% | 8h | 744.46 | −0.003% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.36 | −0.016% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.54 | +0.008% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.97 | −0.069% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.60 | +0.016% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.19 | −0.040% | $17.1M | $7.5M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 744.83 | +0.047% | $2K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 744.11 | −0.050% | $425K | $149K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.54 | +0.008% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.68 | +0.026% | $362K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.092% | $1.2M | $537K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.38 | −0.014% | $7.7M | $16.4M | 30x | as long as short |
| Binance QQQUSDT | +0.0033% | 8h | 744.53 | +0.006% | $71.1M | $141.5M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.74 | −0.100% | $699K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.46 | +0.131% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.83 | +0.047% | $36.9M | $79.3M | 50x | as long as short |
| Nado QQQ-PERP | +0.0097% | 1h | 744.14 | −0.046% | $1.5M | $877K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.13 | −0.047% | $3.4M | $377K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.95 | −0.072% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.21 | −0.037% | $12K | $21K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0102% | 8h | 744.49 | +0.001% | $324K | $1.9M | 10x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.66 | −0.111% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.00 | −0.065% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0725% | 4h | 744.24 | −0.033% | $761K | $333K | 20x | as long as short |
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
GRVT QQQ_USDT_Perp
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC