Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.3% APRnext payment +$0.11 per $10,000 · paid last 24h −0.027%
Price spread now: Gate against BloFin−0.051%93s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.051%, 7d avg −0.027%
=Funding pays, the price is against you. Gate is 0.024% cheaper against BloFin than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.027%). If the spread goes back, that is −$2 on $10k: about 6.9 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.122% in total) that is about 33 hours. The two prices were read 93 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 | 743.11 | −0.0011 | get 0.0011% / 8h | 3h 27m | $1.1M | $255K | 20x |
| Short | Gate QQQ_USDT | 742.73 | 0 | get 0.0000% / 8h | 3h 27m | $3.3M | $21.1M | 50x |
BloFin QQQ-USDT
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $2.41
- Price spread: −0.051% → −0.027%
- −$2.37
- Slippage, 4 orders
- −$7.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$34.53
- Costs to cover
- 0.346%
- Break-even
- 107.2 days
Slippage from BloFin: live order book, 5 min ago; Gate: 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 | 6.1 bp −$6 | 6.3 bp −$63 | 9.4 bp −$936 | doesn't fit |
| Sell Gate live order book, 1 min ago | 0.88 bp | 9.5 bp −$9 | 14.8 bp −$148 | 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 −0.0136% / S +0.0233% | 1h | 743.39 | +0.038% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0046% | 1h | 742.32 | −0.106% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDTlong | −0.0011% | 8h | 743.11 | long leg | $1.1M | $255K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | +0.033% | $840K | $714K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.35 | +0.032% | $70.7M | $141.8M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.38 | +0.036% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.23 | +0.016% | $21.6M | $27.1M | 50x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 742.73 | −0.051% | $3.3M | $21.1M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 743.49 | +0.051% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.21 | +0.014% | $17.1M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 743.86 | +0.101% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.71 | −0.054% | $1.2M | $534K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.33 | +0.030% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.71 | +0.081% | $359K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.43 | +0.043% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.28 | +0.023% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.64 | +0.071% | $37.0M | $79.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.48 | −0.085% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.35 | +0.167% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0070% | 8h | 743.39 | +0.038% | $321K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0080% | 1h | 743.04 | −0.010% | $1.5M | $758K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0100% | 1h | 743.25 | +0.019% | $425K | $150K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.04 | −0.009% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.92 | −0.026% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.16 | +0.007% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.58 | −0.072% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.84 | −0.036% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0725% | 4h | 743.13 | +0.002% | $760K | $333K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC