Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.44 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Binance−0.021%81s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as 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−$230.227% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.021%, 7d avg −0.002%
=The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 81 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 | Binance QQQUSDT | 744.38 | 0.0029 | pay 0.0029% / 8h | 4h 17m | $71.0M | $141.5M | 25x |
| Short | BloFin QQQ-USDT | 744.22 | −0.0015 | pay 0.0015% / 8h | 4h 17m | $1.1M | $261K | 20x |
Binance QQQUSDT
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$9.22
- Price spread: −0.021% → −0.002%
- −$1.91
- Slippage, 4 orders
- −$0.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.84
- Costs to cover
- 0.227%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; BloFin: 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 Binance live order book, 10 min ago | 0.07 bp | 5.1 bp −$5 | 5.1 bp −$51 | 10.1 bp −$1,010 | 26.5 bp −$13.3K |
| Sell BloFin live order book, 4 min ago | 0.27 bp | 6.3 bp −$6 | 6.9 bp −$69 | 11.8 bp −$1,176 | 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 | −0.0150% | 1h | 743.39 | −0.133% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0125% / S +0.0225% | 1h | 744.36 | −0.003% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDTshort | −0.0015% | 8h | 744.22 | −0.021% | $1.1M | $261K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 744.40 | +0.002% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.41 | +0.004% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.16 | −0.030% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.46 | +0.011% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.83 | −0.074% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.55 | +0.023% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.50 | +0.016% | $17.1M | $7.4M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
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 | 744.80 | +0.056% | $1K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.93 | +0.074% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.68 | +0.040% | $360K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.078% | $1.2M | $537K | 20x | as long as short |
| Binance QQQUSDTlong | +0.0029% | 8h | 744.38 | long leg | $71.0M | $141.5M | 25x | |
| Lighter QQQ | +0.0032% | 1h | 744.24 | −0.019% | $7.7M | $16.4M | 30x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0032% | 1h | 744.10 | −0.038% | $425K | $150K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.83 | −0.074% | $698K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.38 | +0.134% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.68 | +0.040% | $37.0M | $79.6M | 50x | as long as short |
| Nado QQQ-PERP | +0.0091% | 1h | 744.12 | −0.035% | $1.5M | $869K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0099% | 8h | 744.70 | +0.043% | $324K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.08 | −0.040% | $3.4M | $362K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.25 | −0.017% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.10 | −0.038% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.57 | −0.109% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.15 | −0.031% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0230% | 4h | 744.39 | +0.001% | $761K | $334K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC