Funding you earn now, next payment 12:00 UTC+0.0431%/8h= +47.2% APRpaid last 24h +0.097%
Price spread now: edgeX against Binance−0.052%70s7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as 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−$270.275% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.052%, 7d avg −0.014%
=Together, before fees+0.076%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.038% cheaper against Binance than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.014%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.162% in total) that is about 39 hours. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 743.47 | 0.0072 | pay 0.0072% / 8h | 5h 52m | $71.5M | $145.8M | 25x |
| Short | edgeX QQQUSDC | 743.08 | 0.0503 | get 0.0251% / 4h | 1h 52m | $760K | $334K | 20x |
Binance QQQUSDT
edgeX QQQUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $90.45
- Price spread: −0.052% → −0.014%
- −$3.77
- Slippage, 4 orders
- −$8.47
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $59.21
- Costs to cover
- 0.275%
- Break-even
- 2.4 days
Slippage from Binance: live order book, 14 min ago; edgeX: live order book, 59 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, 14 min ago | 0.07 bp | 5.1 bp −$5 | 5.2 bp −$52 | 9.6 bp −$955 | 33.5 bp −$16.7K |
| Sell edgeX live order book, 59 min ago | 4.11 bp | 8.7 bp −$9 | 9.8 bp −$98 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.42 | −0.006% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0059% | 1h | 741.71 | −0.237% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0016% | 8h | 743.10 | −0.050% | $1.1M | $236K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.43 | −0.005% | $857K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.29 | −0.024% | $21.8M | $30.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.19 | −0.037% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.98 | −0.066% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.51 | +0.006% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.83 | +0.049% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.65 | +0.024% | $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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 743.79 | +0.043% | $361K | $1.6M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.79 | −0.091% | $7.4M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.42 | −0.007% | $38.6M | $76.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.87 | −0.080% | $1.2M | $541K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.27 | −0.161% | $660K | $1.4M | 25x | as long as short |
| Variational Omni QQQ | +0.0042% | 8h | 743.16 | −0.042% | $16.8M | $7.0M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.21 | +0.100% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0060% | 1h | 743.01 | −0.062% | $399K | $148K | 20x | as long as short |
| Bybit QQQUSDT | +0.0065% | 8h | 743.48 | +0.002% | $10.5M | $4.9M | 50x | as long as short |
| Binance QQQUSDTlong | +0.0072% | 8h | 743.47 | long leg | $71.5M | $145.8M | 25x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.90 | −0.076% | $3.4M | $464K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.88 | −0.079% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.15 | −0.043% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.64 | −0.112% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0131% | 1h | 742.86 | −0.082% | $1.6M | $767K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0239% | 8h | 743.66 | +0.026% | $321K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.90 | −0.076% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDCshort | +0.0503% | 4h | 743.08 | −0.052% | $760K | $334K | 20x |
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Variational Omni QQQ
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ