Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.013%
Price spread now: BloFin against Bybit−0.046%112s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$270.273% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.046%, 7d avg −0.027%
=The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour. The two prices were read 112 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 | 744.66 | 0 | get 0.0000% / 8h | 5h 05m | $10.7M | $5.0M | 50x |
| Short | BloFin QQQ-USDT | 744.32 | 0.0029 | get 0.0029% / 8h | 5h 05m | $1.1M | $293K | 20x |
Bybit QQQUSDT
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $6.15
- Price spread: −0.046% → −0.027%
- −$1.83
- Slippage, 4 orders
- −$4.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$22.94
- Costs to cover
- 0.273%
- Break-even
- 33.1 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 2 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, 3 min ago | 0.40 bp | 7.5 bp −$7 | 12.1 bp −$121 | 75.5 bp −$7,546 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.07 bp | 6.1 bp −$6 | 6.5 bp −$65 | 10.6 bp −$1,062 | 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 −0.0116% / S +0.0217% | 1h | 744.63 | −0.003% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0074% | 1h | 743.24 | −0.191% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.42 | −0.032% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDTlong | 0.0000% | 8h | 744.66 | long leg | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.37 | −0.039% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.61 | −0.006% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.12 | −0.073% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.64 | −0.003% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.00 | +0.046% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.62 | −0.005% | $257K | $29K | 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
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.85 | +0.026% | $359K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0018% | 8h | 744.37 | −0.039% | $17.1M | $7.5M | — | as long as short |
| BloFin QQQ-USDTshort | +0.0029% | 8h | 744.32 | −0.046% | $1.1M | $293K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 744.38 | −0.038% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.82 | +0.021% | $37.0M | $80.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.97 | −0.093% | $1.2M | $535K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.58 | −0.145% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.55 | +0.120% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0052% | 8h | 744.63 | −0.004% | $71.2M | $142.8M | 25x | as long as short |
| Nado QQQ-PERP | +0.0082% | 1h | 744.22 | −0.059% | $1.5M | $875K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.22 | −0.059% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.09 | −0.077% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.27 | −0.052% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.73 | −0.124% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.37 | −0.039% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0122% | 8h | 744.53 | −0.018% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.07 | −0.079% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0314% | 4h | 744.40 | −0.035% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC