Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.16 per $10,000 · paid last 24h −0.026%
Price spread now: Gate against Binance−0.064%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.064%, 7d avg −0.018%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.046% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 743.74 | 0.0016 | pay 0.0016% / 8h | 3h 54m | $71.0M | $141.2M | 25x |
| Short | Gate QQQ_USDT | 743.27 | 0 | get 0.0000% / 8h | 3h 54m | $3.3M | $20.7M | 50x |
Binance QQQUSDT
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$3.39
- Price spread: −0.064% → −0.018%
- −$4.57
- Slippage, 4 orders
- −$8.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$41.13
- Costs to cover
- 0.332%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Gate: 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, 4 min ago | 0.07 bp | 5.1 bp −$5 | 5.8 bp −$58 | 10.4 bp −$1,040 | 26.1 bp −$13.0K |
| Sell Gate live order book, 4 min ago | 1.88 bp | 9.7 bp −$10 | 13.5 bp −$135 | 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 −0.0130% / S +0.0229% | 1h | 743.78 | +0.006% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0046% | 1h | 742.62 | −0.151% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0025% | 8h | 743.63 | −0.015% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.81 | +0.009% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.73 | −0.002% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.62 | −0.017% | $21.5M | $26.9M | 50x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 743.27 | −0.064% | $3.3M | $20.7M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 743.93 | +0.025% | $16.9M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.78 | +0.006% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.21 | +0.063% | $1K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.44 | −0.041% | $425K | $150K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 743.62 | −0.017% | $1.2M | $536K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.32 | +0.077% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.00 | +0.034% | $361K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.87 | +0.017% | $5.4M | $7.4M | 25x | as long as short |
| Binance QQQUSDTlong | +0.0016% | 8h | 743.74 | long leg | $71.0M | $141.2M | 25x | |
| Lighter QQQ | +0.0032% | 1h | 743.53 | −0.029% | $7.7M | $15.8M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.22 | −0.070% | $699K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.72 | +0.131% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 743.96 | +0.029% | $37.0M | $77.9M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0086% | 8h | 744.21 | +0.063% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0089% | 1h | 743.42 | −0.044% | $1.5M | $795K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.58 | −0.022% | $3.4M | $343K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.69 | −0.007% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.50 | −0.033% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.95 | −0.106% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.69 | −0.007% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0588% | 4h | 743.95 | +0.028% | $761K | $334K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC