Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.005%
Price spread now: Coinbase International against Aster−0.106%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.106%, 7d avg −0.053%
=Together, before fees+0.424%+ Points / potential airdropAster: Stage 5 · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.053% cheaper against Aster than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.053%). If the spread goes back, that is −$5 on $10k: about 5.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.197% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 744.30 | 0 | get 0.0000% / 8h | 5h 31m | $841K | $713K | 20x |
| Short | Coinbase International QQQ-PERP-INTX | 743.51 | 0.0032 | get 0.0004% / 1h | 31m 16s | $1.2M | $535K | 20x |
Aster QQQUSDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $6.72
- Price spread: −0.106% → −0.053%
- −$5.27
- Slippage, 4 orders
- −$3.86
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$20.41
- Costs to cover
- 0.219%
- Break-even
- 28.3 days
Slippage from Aster: live order book, 31 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 Aster live order book, 31 min ago | 0.81 bp | 5.3 bp −$5 | 6.5 bp −$65 | 39.9 bp −$3,990 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 0.07 bp | 5.3 bp −$5 | 6.0 bp −$60 | 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 −0.0110% / S +0.0213% | 1h | 744.30 | +0.001% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0042% | 1h | 742.96 | −0.180% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0019% | 8h | 744.22 | −0.011% | $1.1M | $303K | 20x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 744.30 | long leg | $841K | $713K | 20x | |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | +0.015% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.25 | −0.007% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.33 | +0.004% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.80 | −0.067% | $3.3M | $21.1M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.39 | +0.012% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.79 | +0.066% | $2K | $2.0M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
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 | 744.48 | +0.024% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.68 | +0.051% | $360K | $1.5M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.11 | −0.025% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.54 | +0.032% | $37.3M | $79.3M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0032% | 1h | 743.51 | −0.106% | $1.2M | $535K | 20x | |
| Variational Omni QQQ | +0.0039% | 8h | 744.17 | −0.017% | $17.1M | $7.5M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.23 | −0.144% | $694K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.24 | +0.127% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0066% | 8h | 744.35 | +0.006% | $71.2M | $143.6M | 25x | as long as short |
| Nado QQQ-PERP | +0.0091% | 1h | 743.91 | −0.052% | $1.5M | $925K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.97 | −0.044% | $3.4M | $407K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.86 | −0.059% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.05 | −0.033% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.47 | −0.112% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.10 | −0.027% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0146% | 8h | 744.35 | +0.008% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.88 | −0.056% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0872% | 4h | 744.12 | −0.024% | $761K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC