Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.40 per $10,000 · paid last 24h −0.026%
Price spread now: Bybit against Bitget+0.020%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.020%, 7d avg −0.013%
=The price spread pays, funding is against you. Bybit is 0.033% dearer against Bitget than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.013%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget QQQUSDT | 744.60 | 0.0040 | pay 0.0040% / 8h | 6h 24m | $16.9M | $5.9M | 20x |
| Short | Bybit QQQUSDT | 744.75 | 0 | get 0.0000% / 8h | 6h 24m | $10.7M | $5.0M | 50x |
Bitget QQQUSDT
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$8.4
- Price spread: +0.020% → −0.013%
- $3.33
- Slippage, 4 orders
- −$4.61
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$32.67
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 3 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 Bitget live order book, 4 min ago | 0.07 bp | 6.5 bp −$6 | 8.0 bp −$80 | 11.6 bp −$1,159 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.07 bp | 7.0 bp −$7 | 8.2 bp −$82 | 60.5 bp −$6,049 | doesn't fit |
QQQ on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0118% | 1h | 743.25 | −0.181% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0099% / S +0.0204% | 1h | 744.61 | +0.001% | $25K | — | 26x | as long as short |
| Bybit QQQUSDTshort | 0.0000% | 8h | 744.75 | +0.020% | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.50 | −0.013% | $21.5M | $26.0M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.11 | −0.066% | $3.3M | $22.9M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.06 | +0.062% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.05 | +0.060% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.91 | +0.042% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0006% | 8h | 744.48 | −0.017% | $841K | $712K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.36 | −0.032% | $7.7M | $17.8M | 30x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Lighter QQQShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0032% | 1h | 744.77 | +0.023% | $37.4M | $80.0M | 50x | as long as short |
| Bitget QQQUSDTlong | +0.0040% | 8h | 744.60 | long leg | $16.9M | $5.9M | 20x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.50 | −0.148% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.52 | +0.124% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 743.80 | −0.107% | $1.2M | $537K | 20x | as long as short |
| Variational Omni QQQ | +0.0056% | 8h | 744.54 | −0.008% | $17.1M | $7.5M | — | as long as short |
| Binance QQQUSDT | +0.0083% | 8h | 744.61 | +0.002% | $71.1M | $147.4M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.22 | −0.051% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.82 | −0.105% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.25 | −0.047% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.81 | −0.106% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0120% | 1h | 744.24 | −0.049% | $1.5M | $986K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0153% | 1h | 744.37 | −0.031% | $425K | $148K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.60 | 0.000% | $5.4M | $8.1M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 744.08 | −0.070% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0197% | 8h | 744.50 | −0.013% | $320K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0287% | 4h | 744.31 | −0.039% | $761K | $333K | 20x | as long as short |
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC