Funding you earn now, next payment 16:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.55 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against BloFin+0.048%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.048%, 7d avg +0.028%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.021% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin QQQ-USDT | 743.09 | 0.0006 | pay 0.0006% / 8h | 5h 56m | $1.1M | $235K | 20x |
| Short | Bybit QQQUSDT | 743.45 | 0.0060 | get 0.0060% / 8h | 5h 56m | $10.5M | $4.8M | 50x |
BloFin QQQ-USDT
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $11.45
- Price spread: +0.048% → +0.028%
- $2.07
- Slippage, 4 orders
- −$3.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$13.2
- Costs to cover
- 0.267%
- Break-even
- 15.1 days
Slippage from BloFin: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago | 0.07 bp | 6.2 bp −$6 | 9.3 bp −$93 | 14.7 bp −$1,470 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.07 bp | 7.5 bp −$7 | 13.4 bp −$134 | 52.3 bp −$5,227 | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.34 | +0.033% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0024% | 1h | 741.67 | −0.191% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.43 | +0.046% | $856K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.21 | +0.016% | $21.7M | $30.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.07 | −0.002% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.84 | −0.034% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.43 | +0.046% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.78 | +0.093% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.78 | −0.042% | $399K | $147K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.48 | +0.052% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 743.50 | +0.055% | $363K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDTlong | +0.0006% | 8h | 743.09 | long leg | $1.1M | $235K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 742.81 | −0.038% | $7.4M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.45 | +0.048% | $38.6M | $76.3M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.55 | −0.073% | $1.2M | $541K | 20x | as long as short |
| Variational Omni QQQ | +0.0036% | 8h | 742.92 | −0.023% | $16.8M | $7.0M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.24 | −0.114% | $658K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.13 | +0.140% | — | $337K | 50x | as long as short |
| Bybit QQQUSDTshort | +0.0060% | 8h | 743.45 | +0.048% | $10.5M | $4.8M | 50x | |
| Binance QQQUSDT | +0.0068% | 8h | 743.35 | +0.035% | $71.6M | $145.8M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.86 | −0.031% | $3.4M | $463K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.55 | −0.073% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.96 | −0.017% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.45 | −0.086% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0131% | 1h | 742.88 | −0.028% | $1.6M | $766K | 20x | as long as short |
| edgeX QQQUSDC | +0.0166% | 4h | 742.84 | −0.034% | $760K | $337K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0227% | 8h | 743.35 | +0.035% | $319K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0280% | 1h | 742.89 | −0.027% | $38K | $59K | 20x | as long as short |
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
edgeX QQQUSDC
GRVT QQQ_USDT_Perp
Phoenix QQQ