Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.026%
Price spread now: HTX against Binance+0.046%53s7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as 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−$280.275% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.046%, 7d avg +0.029%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 742.08 | 0.0004 | pay 0.0004% / 8h | 1h 20m | $70.0M | $144.5M | 25x |
| Short | HTX QQQ-USDT | 742.42 | 0 | get 0.0000% / 8h | 1h 20m | $251K | $41K | 30x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$0.93
- Price spread: +0.046% → +0.029%
- $1.7
- Slippage, 4 orders
- −$5.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$26.75
- Costs to cover
- 0.275%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; HTX: live order book, 21 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, 8 min ago | 0.07 bp | 5.1 bp −$5 | 5.2 bp −$52 | 9.8 bp −$975 | 26.5 bp −$13.3K |
| Sell HTX live order book, 21 min ago | 2.69 bp | 8.7 bp −$9 | 15.5 bp −$155 | 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 −0.0162% / S +0.0253% | 1h | 742.21 | +0.017% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0034% | 8h | 741.46 | −0.084% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.16 | +0.010% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.11 | +0.004% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.85 | −0.031% | $21.5M | $28.3M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | 0.0000% | 1h | 740.94 | −0.154% | $4.2M | $1.8M | 20x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.87 | −0.029% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.23 | +0.020% | $16.6M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.08 | −0.001% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.02 | +0.127% | $1K | $1.8M | 10x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDTshort | 0.0000% | 8h | 742.42 | +0.046% | $251K | $41K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 742.69 | +0.082% | $363K | $1.6M | 10x | as long as short |
| Binance QQQUSDTlong | +0.0004% | 8h | 742.08 | long leg | $70.0M | $144.5M | 25x | |
| BloFin QQQ-USDT | +0.0010% | 8h | 741.86 | −0.030% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.41 | −0.090% | $1.2M | $551K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.95 | −0.018% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.33 | +0.034% | $37.0M | $80.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.25 | −0.112% | $687K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.01 | +0.125% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.69 | −0.053% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.69 | −0.053% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.94 | −0.019% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.39 | −0.093% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0117% | 8h | 742.28 | +0.027% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0130% | 1h | 741.67 | −0.056% | $1.5M | $766K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.63 | −0.061% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0208% | 1h | 741.96 | −0.016% | $424K | $154K | 20x | as long as short |
| edgeX QQQUSDC | +0.0552% | 4h | 741.98 | −0.014% | $759K | $335K | 20x | as long as short |
Binance QQQUSDT
HTX QQQ-USDT
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
GRVT QQQ_USDT_Perp
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC