Funding you earn now, next payment 04:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h −0.022%
Price spread now: edgeX against Bybit+0.003%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.003%, 7d avg −0.036%
=Together, before fees+0.013%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.039% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.036%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit QQQUSDT | 744.11 | 0 | get 0.0000% / 8h | 6h 41m | $10.7M | $5.0M | 50x |
| Short | edgeX QQQUSDC | 744.13 | 0.0480 | get 0.0240% / 4h | 2h 41m | $761K | $333K | 20x |
Bybit QQQUSDT
edgeX QQQUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $100.84
- Price spread: +0.003% → −0.036%
- $3.87
- Slippage, 4 orders
- −$12.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $72.58
- Costs to cover
- 0.321%
- Break-even
- 2.0 days
Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 28 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, 2 min ago | 0.07 bp | 7.2 bp −$7 | 13.0 bp −$130 | 84.2 bp −$8,419 | doesn't fit |
| Sell edgeX live order book, 28 min ago | 4.16 bp | 8.7 bp −$9 | 9.8 bp −$98 | 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 | −0.0178% | 1h | 743.00 | −0.149% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0096% / S +0.0202% | 1h | 744.15 | +0.006% | $25K | — | 26x | as long as short |
| Bybit QQQUSDTlong | 0.0000% | 8h | 744.11 | long leg | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.96 | −0.020% | $21.5M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.91 | −0.027% | $3.2M | $21.2M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.66 | +0.074% | $2K | $2.1M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.83 | −0.038% | $425K | $148K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.32 | +0.028% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.26 | +0.020% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0013% | 8h | 744.17 | +0.007% | $841K | $712K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0026% | 8h | 744.31 | +0.027% | $1.1M | $319K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.93 | −0.024% | $7.7M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.35 | +0.032% | $37.3M | $79.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.34 | −0.103% | $747K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.12 | +0.136% | — | $356K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.05 | −0.008% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0065% | 8h | 744.04 | −0.009% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0090% | 8h | 744.16 | +0.007% | $71.1M | $147.4M | 25x | as long as short |
| Bitget QQQUSDT | +0.0090% | 8h | 744.18 | +0.009% | $16.9M | $5.9M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.90 | −0.028% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.76 | −0.047% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.87 | −0.032% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.41 | −0.094% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 743.79 | −0.043% | $1.5M | $1.0M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.15 | +0.005% | $5.4M | $8.2M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.78 | −0.044% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0257% | 8h | 744.49 | +0.051% | $319K | $1.8M | 10x | as long as short |
| edgeX QQQUSDCshort | +0.0480% | 4h | 744.13 | +0.003% | $761K | $333K | 20x |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
Bitget QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp