Funding you earn now, next payment 01:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.005%
Price spread now: Deribit against Bitget−0.034%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Funding, last 5 days (all we have)+0.034%+$3 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.034%, 7d avg −0.092%
=The price spread pays, funding is against you. Deribit is 0.058% dearer against Bitget than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.092%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget QQQUSDT | 743.94 | 0.0169 | pay 0.0169% / 8h | 7h 55m | $16.9M | $6.7M | 20x |
| Short | Deribit QQQ_USDC-PERPETUAL | 743.69 | 0.0113 | get 0.0014% / 1h | 55m 59s | $425K | $147K | 20x |
Bitget QQQUSDT
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$11.72
- Price spread: −0.034% → −0.092%
- $5.81
- Slippage, 4 orders
- −$3.57
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.48
- Costs to cover
- 0.226%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Deribit: live order book, 18 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, 3 min ago | 0.07 bp | 6.8 bp −$7 | 8.6 bp −$86 | 12.1 bp −$1,212 | doesn't fit |
| Sell Deribit live order book, 18 min ago | 1.28 bp | 4.8 bp −$5 | 5.7 bp −$57 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0334% | 1h | 742.19 | −0.235% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0080% / S +0.0189% | 1h | 743.89 | −0.006% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0027% | 8h | 743.10 | −0.113% | $1.0M | $318K | 20x | as long as short |
| Gate QQQ_USDT | −0.0013% | 8h | 743.38 | −0.075% | $3.1M | $26.0M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.56 | −0.052% | $839K | $757K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.80 | −0.019% | $21.5M | $25.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.35 | +0.055% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.16 | −0.105% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.03 | +0.012% | $362K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0027% | 8h | 744.03 | +0.012% | $10.7M | $4.8M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Gate QQQ_USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.78 | −0.022% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.17 | +0.031% | $37.4M | $78.4M | 50x | as long as short |
| Variational Omni QQQ | +0.0040% | 8h | 743.83 | −0.014% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.84 | −0.148% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.43 | +0.066% | — | $402K | 50x | as long as short |
| edgeX QQQUSDC | +0.0056% | 4h | 743.46 | −0.065% | $760K | $338K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.04 | −0.121% | $1.2M | $628K | 20x | as long as short |
| Binance QQQUSDT | +0.0069% | 8h | 743.95 | +0.001% | $70.9M | $156.6M | 25x | as long as short |
| Nado QQQ-PERP | +0.0092% | 1h | 743.50 | −0.059% | $1.5M | $1.2M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.57 | −0.050% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.14 | −0.108% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.60 | −0.046% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.26 | −0.091% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0113% | 1h | 743.69 | −0.034% | $425K | $147K | 20x | |
| Bitget QQQUSDTlong | +0.0169% | 8h | 743.94 | long leg | $16.9M | $6.7M | 20x | |
| GRVT QQQ_USDT_Perp | +0.0187% | 8h | 743.68 | −0.035% | $316K | $1.8M | 10x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.19 | −0.101% | $38K | $66K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 743.90 | −0.005% | $5.6M | $9.0M | 25x | as long as short |
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
edgeX QQQUSDC
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
RISEx QQQ/USDC