Funding you earn now, next payment 10:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h −0.001%
Price spread now: Deribit against Binance−0.039%7-day average −0.050% · 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−$19as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Funding, last 5 days (all we have)+0.172%+$17 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.039%, 7d avg −0.050%
=The price spread sits at its 7-day average of −0.050%, 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 | 741.54 | 0.0055 | pay 0.0055% / 8h | 6h 54m | $70.9M | $141.9M | 25x |
| Short | Deribit QQQ_USDC-PERPETUAL | 741.25 | 0.0182 | get 0.0023% / 1h | 54m 39s | $423K | $126K | 20x |
Binance QQQUSDT
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $26.75
- Price spread: −0.039% → −0.050%
- $1.05
- Slippage, 4 orders
- −$2.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $7.99
- Costs to cover
- 0.198%
- Break-even
- 4.9 days
Slippage from Binance: live order book, 3 min ago; Deribit: live order book, 39 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, 3 min ago | 0.07 bp | 5.1 bp −$5 | 5.3 bp −$53 | 9.1 bp −$912 | doesn't fit |
| Sell Deribit live order book, 39 min ago | 0.07 bp | 6.1 bp −$6 | 8.1 bp −$81 | 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 −0.0192% / S +0.0277% | 1h | 741.62 | +0.010% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0054% | 1h | 740.32 | −0.165% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0008% | 8h | 741.51 | −0.004% | $1.1M | $279K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.63 | +0.013% | $856K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.33 | −0.028% | $21.6M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.49 | −0.007% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.07 | −0.063% | $3.5M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.62 | +0.011% | $16.7M | $5.3M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.44 | +0.121% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.127% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
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 | 741.97 | +0.058% | $361K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0029% | 8h | 741.96 | +0.057% | $16.8M | $7.3M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.11 | −0.058% | $7.6M | $14.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.53 | −0.001% | $38.3M | $76.8M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.63 | +0.012% | $1.2M | $512K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.72 | −0.111% | $647K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.58 | +0.140% | — | $337K | 50x | as long as short |
| Binance QQQUSDTlong | +0.0055% | 8h | 741.54 | long leg | $70.9M | $141.9M | 25x | |
| Bybit QQQUSDT | +0.0079% | 8h | 741.63 | +0.012% | $10.6M | $5.0M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.16 | −0.051% | $3.4M | $414K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.74 | +0.027% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.46 | −0.011% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.85 | −0.093% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0145% | 1h | 741.38 | −0.021% | $1.6M | $744K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0182% | 1h | 741.25 | −0.039% | $423K | $126K | 20x | |
| Phoenix QQQ | +0.0248% | 1h | 741.73 | +0.026% | $38K | $59K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0277% | 8h | 742.31 | +0.103% | $315K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0704% | 4h | 741.86 | +0.043% | $759K | $335K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC