QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against BloFin+0.031%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.031%, 7d avg +0.003%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.028% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin QQQ-USDT	741.68	−0.0019	get 0.0019% / 8h	2h 27m	$1.1M	$267K	20x
Short	Binance QQQUSDT	741.91	0	get 0.0000% / 8h	2h 27m	$69.9M	$143.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $4.09
Price spread: +0.031% → +0.003%: $2.79
Slippage, 4 orders: −$0.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.53
Costs to cover: 0.224%
Break-even: 33.6 days

Slippage from BloFin: live order book, 5 min ago; Binance: live order book, 1 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	6.2 bp −$6	6.5 bp −$65	10.5 bp −$1,054	doesn't fit
Sell Binance live order book, 1 min ago	0.07 bp	5.1 bp −$5	5.5 bp −$55	11.0 bp −$1,103	29.0 bp −$14.5K

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 −0.0148% / S +0.0243%	1h	741.88	+0.028%	$25K	—	26x	as long as short
BloFin QQQ-USDTlong	−0.0019%	8h	741.68	long leg	$1.1M	$267K	20x
Aster QQQUSDT	0.0000%	8h	741.91	+0.030%	$823K	$857K	20x	as long as short
Binance QQQUSDTshort	0.0000%	8h	741.91	+0.031%	$69.9M	$143.7M	25x
Bybit QQQUSDT	0.0000%	8h	741.87	+0.026%	$10.6M	$5.1M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.61	−0.009%	$21.6M	$28.0M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.87	+0.026%	$5.4M	$7.0M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.25	−0.058%	$3.3M	$21.3M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.00	+0.043%	$16.6M	$5.7M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.96	+0.038%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.35	+0.090%	$2K	$1.8M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	741.54	−0.019%	$1.2M	$539K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.18	+0.067%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.17	+0.066%	$361K	$1.6M	10x	as long as short
Lighter QQQ	+0.0032%	1h	741.73	+0.007%	$7.7M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.17	+0.066%	$36.8M	$79.8M	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0032%	1h	741.09	−0.080%	$4.2M	$1.8M	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.04	−0.086%	$689K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.89	+0.163%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0082%	8h	742.19	+0.069%	$320K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.57	−0.015%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.65	−0.004%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.63	−0.007%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.09	−0.079%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0126%	1h	741.56	−0.016%	$1.5M	$765K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	741.77	+0.012%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0155%	1h	741.67	−0.001%	$424K	$152K	20x	as long as short
edgeX QQQUSDC	+0.0286%	4h	742.09	+0.055%	$759K	$336K	20x	as long as short