Funding arb · Price arb / RWA

QQQ

RWAAll QQQ markets →

LONGBloFin▾edgeX −0.0351%Backpack −0.0158%AZverse −0.0060%Nado −0.0052%Phoenix −0.0035%Aster 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Lighter +0.0032%Lighter RH +0.0032%Phemex +0.0034%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%BingX +0.0050%Ondo Perps +0.0050%Gate +0.0053%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%GMX +0.0276%Kraken Futures +0.0325%Deribit +0.2189%

⇄⇅

SHORTReya▾Deribit +0.2189%Kraken Futures +0.0325%GMX −0.0163%Aevo +0.0104%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Gate +0.0053%Ondo Perps +0.0050%BingX +0.0050%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Phemex +0.0034%Lighter +0.0032%Lighter RH +0.0032%Aster 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phoenix −0.0035%Nado −0.0052%AZverse −0.0060%Backpack −0.0158%edgeX −0.0351%Reya −0.2200%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BloFinQQQ-USDT	696.53	+0.0120	pay 0.0120% / 8h	6h 07m	$4.1M	$236K	20x	Long BloFin
SHORT	ReyaQQQRUSDPERP	693.78	−0.2200	pay 0.0275% / 1h	7m 45s	$51K	$48K	25x	Short Reya

Price gap−0.395%

Funding gap−0.2320% /8h

Both sides work against this direction now: funding costs $70 a day on $10k and the gap is 0.395% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −1.291% in total, about −0.0615%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now−0.395%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BloFinReya

QQQ on 35 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for Reya: its slippage is not counted.
• i
  Note: Margin at max leverage$500 + $400

  BloFin 20x, Reya 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long BloFin · 8h−$3.60

  Short Reya · 1h−$65.99

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$69.59Long BloFin: 3 payments, −$3.60; short Reya: 24 payments, −$65.99.
• i
  Note: No 7-day spread history−0.395%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$51K vs $4.1M OI

  Reya sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legReya points

  Volume here counts toward the points program.
• !
  Watch: KYCBloFin Limited · Reya No

  No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0615%/8h × 21 periods−$129.07

Price spread−0.395% → 0−$39.53

Slippage, 4 ordersno data for Reya—

Fee BloFin bp × 2 orders−$12.00

Fee Reya bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$186.60

Costs to cover0.180%Break-evennever at this rate

Slippage: BloFin: live order book, 4 min ago; Reya: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBloFin0.146.3 bp−$67.8 bp−$78doesn’t fitdoesn’t fit

SELL · SHORTReya—————

Closing costs about the same again.
Reya: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

QQQ news

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