Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.004%
Price spread now: Arcus against Bybit−0.093%46s7-day average −0.162% · 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−$270.273% of the position
Funding, last 3 days (all we have)+0.017%+$2 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.093%, 7d avg −0.162%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.162%. The two prices were read 46 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 | Bybit QQQUSDT | 744.16 | 0.0008 | pay 0.0008% / 8h | 7h 32m | $10.7M | $4.9M | 50x |
| Short | Arcus QQQ-USD | 743.47 | 0.0040 | get 0.0005% / 1h | 32m 51s | $747K | $1.5M | 25x |
Bybit QQQUSDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bybit. 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
- $6.73
- Price spread: −0.093% → −0.162%
- $6.89
- Slippage, 4 orders
- −$11.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$13.65
- Costs to cover
- 0.273%
- Break-even
- 21.2 days
Slippage from Bybit: live order book, 5 min ago; Arcus: 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 Bybit live order book, 5 min ago | 0.87 bp | 8.3 bp −$8 | 12.6 bp −$126 | 81.4 bp −$8,144 | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.87 bp | 5.5 bp −$6 | 10.5 bp −$105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0366% | 1h | 742.31 | −0.249% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0085% / S +0.0193% | 1h | 744.15 | −0.001% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0025% | 8h | 744.01 | −0.020% | $1.1M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.96 | −0.026% | $841K | $739K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.06 | −0.013% | $21.5M | $25.0M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.87 | −0.039% | $3.2M | $27.5M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.60 | +0.059% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.40 | +0.032% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.53 | +0.050% | $362K | $1.4M | 10x | as long as short |
| Bybit QQQUSDTlong | +0.0008% | 8h | 744.16 | long leg | $10.7M | $4.9M | 50x |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.89 | −0.036% | $7.6M | $18.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.35 | +0.026% | $37.3M | $79.8M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.47 | −0.093% | $747K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.68 | +0.070% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 744.16 | 0.000% | $17.1M | $9.8M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.058% | $1.2M | $547K | 20x | as long as short |
| Binance QQQUSDT | +0.0074% | 8h | 744.19 | +0.004% | $71.1M | $152.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.82 | −0.046% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.83 | −0.044% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.92 | −0.032% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.36 | −0.108% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0112% | 1h | 743.78 | −0.051% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0175% | 8h | 744.22 | +0.008% | $16.9M | $6.6M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0180% | 1h | 744.02 | −0.019% | $425K | $147K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.18 | +0.003% | $5.5M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.83 | −0.044% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0273% | 8h | 744.30 | +0.019% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0458% | 4h | 744.12 | −0.005% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC