QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.76 per $10,000 · paid last 24h +0.085%

Price spread now: SunX against Binance+0.065%56s7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as 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−$740.739% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 2 days (all we have)−0.018%−$2 · spread now +0.065%, 7d avg +0.063%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QQQUSDT	743.40	0.0076	pay 0.0076% / 8h	20m 19s	$71.1M	$160.6M	25x
Short	SunX QQQ-USDT	743.88	0	get 0.0000% / 8h	20m 19s	$2K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee SunXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$15.89
Price spread: +0.065% → +0.063%: $0.13
Slippage, 4 orders: −$55.92
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$89.68
Costs to cover: 0.739%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; SunX: live order book, 6 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	9.4 bp −$935	25.7 bp −$12.9K
Sell SunX live order book, 6 min ago	21.64 bp	38.1 bp −$38	doesn't fit	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 −0.0075% / S +0.0185%	1h	743.42	+0.003%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0006%	1h	741.59	−0.243%	$4.2M	$2.1M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.36	−0.005%	$845K	$783K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.21	−0.026%	$21.6M	$27.8M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.02	−0.051%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDTshort	0.0000%	8h	743.88	+0.065%	$2K	$2.3M	10x
HTX QQQ-USDT	0.0000%	8h	743.13	−0.036%	$257K	$25K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.76	+0.048%	$361K	$1.4M	10x	as long as short
BloFin QQQ-USDT	+0.0014%	8h	743.09	−0.042%	$1.1M	$320K	20x	as long as short
Lighter RH QQQ	+0.0040%	1h	743.62	+0.030%	$37.5M	$80.3M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus QQQ-USD	+0.0040%	1h	742.65	−0.101%	$694K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.89	+0.066%	—	$621K	50x	as long as short
Variational Omni QQQ	+0.0046%	8h	743.32	−0.010%	$17.6M	$10.3M	—	as long as short
Lighter QQQ	+0.0064%	1h	743.28	−0.016%	$7.6M	$20.9M	30x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0072%	1h	742.85	−0.074%	$1.2M	$865K	20x	as long as short
Binance QQQUSDTlong	+0.0076%	8h	743.40	long leg	$71.1M	$160.6M	25x
KuCoin QQQUSDTM	+0.0100%	8h	742.92	−0.065%	$3.4M	$416K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.93	−0.063%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.10	−0.040%	$12K	$21K	20x	as long as short
Bybit QQQUSDT	+0.0102%	8h	743.37	−0.004%	$10.7M	$5.2M	50x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.68	−0.097%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0174%	1h	742.99	−0.056%	$1.5M	$1.3M	20x	as long as short
Bitget QQQUSDT	+0.0184%	8h	743.37	−0.004%	$16.9M	$7.0M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0190%	8h	743.54	+0.018%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.53	+0.017%	$5.4M	$8.9M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	743.09	−0.042%	$38K	$73K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0262%	1h	743.23	−0.023%	$425K	$164K	20x	as long as short
edgeX QQQUSDC	+0.0447%	4h	743.32	−0.010%	$760K	$336K	20x	as long as short