Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.67 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against Binance+0.012%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now +0.012%, 7d avg +0.007%
=The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.072%, 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 | 744.25 | 0.0067 | pay 0.0067% / 8h | 5h 33m | $71.2M | $143.8M | 25x |
| Short | Bybit QQQUSDT | 744.34 | 0 | get 0.0000% / 8h | 5h 33m | $10.7M | $5.0M | 50x |
Binance QQQUSDT
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$14.06
- Price spread: +0.012% → +0.007%
- $0.44
- Slippage, 4 orders
- −$4.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$38.91
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 5 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 | 5.7 bp −$57 | 10.7 bp −$1,070 | 26.4 bp −$13.2K |
| Sell Bybit live order book, 5 min ago | 0.07 bp | 7.4 bp −$7 | 8.3 bp −$83 | 58.8 bp −$5,884 | 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 +0.0212% | 1h | 744.26 | +0.002% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0037% | 1h | 742.96 | −0.174% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.31 | +0.008% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDTshort | 0.0000% | 8h | 744.34 | +0.012% | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.13 | −0.017% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.31 | +0.008% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.82 | −0.058% | $3.3M | $21.1M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.39 | +0.018% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.060% | $2K | $2.0M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.45 | +0.026% | $257K | $29K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.74 | +0.065% | $360K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0027% | 8h | 744.12 | −0.018% | $1.1M | $303K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.06 | −0.026% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.45 | +0.026% | $37.3M | $79.3M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.51 | −0.100% | $1.2M | $535K | 20x | as long as short |
| Variational Omni QQQ | +0.0039% | 8h | 744.17 | −0.011% | $17.1M | $7.5M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.23 | −0.137% | $696K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.22 | +0.130% | — | $337K | 50x | as long as short |
| Binance QQQUSDTlong | +0.0067% | 8h | 744.25 | long leg | $71.2M | $143.8M | 25x | |
| Nado QQQ-PERP | +0.0094% | 1h | 743.89 | −0.049% | $1.5M | $925K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.91 | −0.046% | $3.4M | $409K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.86 | −0.053% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.99 | −0.035% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.44 | −0.109% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 744.08 | −0.023% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0149% | 8h | 744.36 | +0.014% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.88 | −0.050% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0195% | 4h | 744.11 | −0.019% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
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