Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.008%
Price spread now: Arcus against Coinbase International−0.013%7-day average −0.080% · 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−$15as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 3 days (all we have)−0.073%−$7 on $10k
+Price spread, last 3 days (all we have)−0.139%−$14 · spread now −0.013%, 7d avg −0.080%
=The price spread pays, funding is against you. Arcus is 0.066% dearer against Coinbase International than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.080%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days. At the pace of the last 3 days (−0.073% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 742.85 | 0.0072 | pay 0.0009% / 1h | 24m 43s | $1.2M | $865K | 20x |
| Short | Arcus QQQ-USD | 742.75 | 0.0040 | get 0.0005% / 1h | 24m 43s | $694K | $1.5M | 25x |
Coinbase International QQQ-PERP-INTX
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Coinbase International. 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
- −$6.66
- Price spread: −0.013% → −0.080%
- $6.64
- Slippage, 4 orders
- −$6.85
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$21.37
- Costs to cover
- 0.213%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Arcus: live order book, 4 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 Coinbase International live order book, 4 min ago | 0.07 bp | 5.6 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.94 bp | 6.5 bp −$7 | 7.3 bp −$73 | 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 −0.0074% / S +0.0185% | 1h | 743.48 | +0.084% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0030% | 8h | 743.09 | +0.032% | $1.1M | $469K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | +0.069% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.26 | +0.055% | $21.6M | $27.8M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.23 | +0.051% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.88 | +0.139% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | +0.038% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.04 | +0.160% | $362K | $1.4M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0018% | 1h | 742.15 | −0.094% | $4.2M | $2.0M | 20x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.70 | +0.114% | $37.5M | $80.1M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USDshort | +0.0040% | 1h | 742.75 | −0.013% | $694K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.94 | +0.147% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 743.33 | +0.065% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQ | +0.0072% | 1h | 743.34 | +0.066% | $7.6M | $20.9M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0072% | 1h | 742.85 | long leg | $1.2M | $865K | 20x | |
| Binance QQQUSDT | +0.0076% | 8h | 743.47 | +0.083% | $71.0M | $160.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.99 | +0.019% | $3.4M | $419K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.89 | +0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.16 | +0.042% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0103% | 8h | 743.46 | +0.082% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.74 | −0.015% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0177% | 1h | 742.95 | +0.014% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0185% | 8h | 743.52 | +0.090% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0190% | 8h | 743.51 | +0.089% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.59 | +0.100% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 742.91 | +0.008% | $38K | $73K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0208% | 1h | 743.26 | +0.055% | $425K | $164K | 20x | as long as short |
| edgeX QQQUSDC | +0.0408% | 4h | 743.26 | +0.055% | $760K | $334K | 20x | as long as short |
Vest QQQ-USD-PERP
Variational Omni QQQ
Lighter QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC