Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.016%
Price spread now: Arcus against Binance−0.109%7-day average −0.125% · 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−$20as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 3 days (all we have)+0.099%+$10 on $10k
+Price spread, last 2 days (all we have)−0.074%−$7 · spread now −0.109%, 7d avg −0.125%
=The price spread sits at its 7-day average of −0.125%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.099%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 744.26 | 0.0074 | pay 0.0074% / 8h | 7h 36m | $71.1M | $153.2M | 25x |
| Short | Arcus QQQ-USD | 743.45 | 0.0040 | get 0.0005% / 1h | 36m 24s | $747K | $1.5M | 25x |
Binance QQQUSDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Binance. 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
- −$6.99
- Price spread: −0.109% → −0.125%
- $1.55
- Slippage, 4 orders
- −$7.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$27.04
- Costs to cover
- 0.216%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Arcus: live order book, 3 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 Binance live order book, 7 min ago | 0.07 bp | 5.1 bp −$5 | 5.4 bp −$54 | 9.5 bp −$945 | 26.6 bp −$13.3K |
| Sell Arcus live order book, 3 min ago | 0.74 bp | 6.4 bp −$6 | 10.7 bp −$107 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0363% | 1h | 742.15 | −0.284% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0084% / S +0.0193% | 1h | 744.27 | +0.001% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0014% | 8h | 744.05 | −0.029% | $1.1M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.91 | −0.048% | $841K | $739K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.13 | −0.018% | $21.5M | $25.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.87 | −0.053% | $3.2M | $27.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.76 | +0.067% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.29 | +0.003% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.73 | +0.063% | $360K | $1.4M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.07 | −0.026% | $7.6M | $18.2M | 30x | 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
Lighter QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 744.46 | +0.026% | $37.3M | $79.7M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.45 | −0.109% | $747K | $1.5M | 25x | |
| Bybit QQQUSDT | +0.0041% | 8h | 744.20 | −0.009% | $10.7M | $4.9M | 50x | as long as short |
| Variational Omni QQQ | +0.0045% | 8h | 744.00 | −0.036% | $17.1M | $10.3M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.77 | +0.068% | — | $306K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0059% | 1h | 744.02 | −0.033% | $425K | $147K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.072% | $1.2M | $552K | 20x | as long as short |
| Binance QQQUSDTlong | +0.0074% | 8h | 744.26 | long leg | $71.1M | $153.2M | 25x | |
| edgeX QQQUSDC | +0.0087% | 4h | 744.00 | −0.036% | $761K | $336K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.85 | −0.056% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.72 | −0.073% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.96 | −0.041% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.42 | −0.114% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0116% | 1h | 743.88 | −0.052% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0177% | 8h | 744.34 | +0.010% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.28 | +0.002% | $5.5M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.74 | −0.070% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0268% | 8h | 744.26 | −0.001% | $316K | $1.8M | 10x | as long as short |
Lighter RH QQQ
Bybit QQQUSDT
Variational Omni QQQ
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
edgeX QQQUSDC
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp