Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h −0.028%
Price spread now: Arcus against BloFin−0.043%95s7-day average −0.137% · 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—prices read too far apart to compare
costs, in and out, $10k−$240.236% of the position
Funding, last 3 days (all we have)+0.072%+$7 on $10k
+Price spread, last 3 days (all we have)−0.125%−$13 · spread now −0.043%, 7d avg −0.137%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.093% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.137%. The two prices were read 95 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 | BloFin QQQ-USDT | 742.21 | 0.0000 | get 0.0000% / 8h | 1h 07m | $1.0M | $478K | 20x |
| Short | Arcus QQQ-USD | 741.89 | 0.0040 | get 0.0005% / 1h | 7m 22s | $737K | $1.4M | 25x |
BloFin QQQ-USDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against BloFin. 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
- $8.54
- Price spread: −0.043% → −0.137%
- $9.35
- Slippage, 4 orders
- −$7.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$5.72
- Costs to cover
- 0.236%
- Break-even
- 11.7 days
Slippage from BloFin: live order book, 5 min ago; Arcus: live order book, 2 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 BloFin live order book, 5 min ago | 0.07 bp | 7.7 bp −$8 | 10.0 bp −$100 | 14.5 bp −$1,455 | doesn't fit |
| Sell Arcus live order book, 2 min ago | 1.01 bp | 5.7 bp −$6 | 6.4 bp −$64 | 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 +0.0186% | 1h | 742.89 | +0.092% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0039% | 1h | 741.65 | −0.075% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDTlong | 0.0000% | 8h | 742.21 | long leg | $1.0M | $478K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 742.54 | +0.044% | $840K | $780K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.55 | +0.046% | $21.5M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.53 | +0.043% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.29 | +0.146% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.04 | +0.112% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.33 | +0.151% | $361K | $1.4M | 10x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.01 | +0.108% | $37.7M | $81.9M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | +0.0035% | 8h | 742.64 | +0.059% | $17.6M | $10.4M | — | as long as short |
| Lighter QQQ | +0.0040% | 1h | 742.59 | +0.051% | $7.8M | $21.6M | 30x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 741.89 | −0.043% | $737K | $1.4M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.23 | +0.137% | — | $621K | 50x | as long as short |
| Binance QQQUSDT | +0.0067% | 8h | 742.77 | +0.075% | $70.0M | $160.3M | 25x | as long as short |
| Bybit QQQUSDT | +0.0083% | 8h | 742.69 | +0.065% | $10.7M | $5.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 742.25 | +0.005% | $1.2M | $867K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.33 | +0.016% | $3.4M | $429K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.39 | +0.024% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.15 | −0.008% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.15 | −0.008% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0154% | 1h | 742.57 | +0.049% | $424K | $227K | 20x | as long as short |
| Nado QQQ-PERP | +0.0160% | 1h | 742.37 | +0.022% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0171% | 8h | 742.97 | +0.102% | $319K | $1.8M | 10x | as long as short |
| Bitget QQQUSDT | +0.0192% | 8h | 742.77 | +0.075% | $16.9M | $7.0M | 20x | as long as short |
| Phoenix QQQ | +0.0259% | 1h | 742.40 | +0.026% | $38K | $73K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.86 | +0.088% | $5.3M | $9.0M | 25x | as long as short |
| edgeX QQQUSDC | +0.0406% | 4h | 742.66 | +0.061% | $759K | $335K | 20x | as long as short |
Variational Omni QQQ
Lighter QQQ
Vest QQQ-USD-PERP
Binance QQQUSDT
Bybit QQQUSDT
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC
edgeX QQQUSDC