Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.4% APRnext payment +$1.32 per $10,000 · paid last 24h +0.099%
Price spread now: Bitget against Binance+0.009%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 2 days (all we have)+0.019%+$2 · spread now +0.009%, 7d avg +0.029%
=The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 742.50 | 0.0075 | pay 0.0075% / 8h | 1h 31m | $69.6M | $161.1M | 25x |
| Short | Bitget QQQUSDT | 742.57 | 0.0207 | get 0.0207% / 8h | 1h 31m | $16.7M | $7.1M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $27.63
- Price spread: +0.009% → +0.029%
- −$1.98
- Slippage, 4 orders
- −$1.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $2.32
- Costs to cover
- 0.233%
- Break-even
- 6.4 days
Slippage from Binance: live order book, 12 min ago; Bitget: 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 Binance live order book, 12 min ago | 0.07 bp | 5.1 bp −$5 | 5.4 bp −$54 | 10.1 bp −$1,007 | 26.9 bp −$13.4K |
| Sell Bitget live order book, 2 min ago | 0.07 bp | 6.7 bp −$7 | 8.6 bp −$86 | 13.6 bp −$1,365 | 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 −0.0070% / S +0.0181% | 1h | 742.51 | +0.002% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0029% | 1h | 741.31 | −0.161% | $4.2M | $2.2M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0020% | 8h | 742.13 | −0.050% | $1.0M | $482K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.32 | −0.024% | $840K | $780K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.35 | −0.021% | $21.5M | $28.2M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.13 | −0.050% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.96 | +0.062% | $2K | $2.4M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.43 | −0.010% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.77 | +0.036% | $361K | $1.5M | 10x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.75 | +0.033% | $37.7M | $81.3M | 50x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 741.77 | −0.099% | $737K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.99 | +0.066% | — | $621K | 50x | as long as short |
| Lighter QQQ | +0.0048% | 1h | 742.38 | −0.017% | $7.8M | $21.5M | 30x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 742.38 | −0.017% | $17.2M | $10.1M | — | as long as short |
| Binance QQQUSDTlong | +0.0075% | 8h | 742.50 | long leg | $69.6M | $161.1M | 25x | |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 741.92 | −0.078% | $1.2M | $867K | 20x | as long as short |
| Bybit QQQUSDT | +0.0091% | 8h | 742.67 | +0.023% | $10.7M | $5.4M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.04 | −0.062% | $3.4M | $436K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.08 | −0.057% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.177% | $7K | $16K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.79 | −0.096% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0114% | 1h | 742.32 | −0.025% | $424K | $229K | 20x | as long as short |
| Nado QQQ-PERP | +0.0163% | 1h | 742.05 | −0.061% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0175% | 8h | 742.54 | +0.005% | $317K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0184% | 4h | 742.43 | −0.009% | $759K | $337K | 20x | as long as short |
| Bitget QQQUSDTshort | +0.0207% | 8h | 742.57 | +0.009% | $16.7M | $7.1M | 20x | |
| Phoenix QQQ | +0.0259% | 1h | 742.06 | −0.060% | $38K | $73K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.67 | +0.022% | $5.3M | $9.0M | 25x | as long as short |
Binance QQQUSDT
Bitget QQQUSDT
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 RH QQQ
Lighter QQQ
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ
RISEx QQQ/USDC