Funding you earn now, next payment 06:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.020%
Price spread now: BloFin against Coinbase International+0.035%58s7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as 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−$240.235% of the position
Funding, last 7 days−0.367%−$37 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.035%, 7d avg +0.054%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 741.37 | 0.0016 | pay 0.0002% / 1h | 1m 43s | $1.2M | $489K | 20x |
| Short | BloFin QQQ-USDT | 741.63 | 0.0014 | get 0.0014% / 8h | 1h 01m | $1.1M | $271K | 20x |
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$0.44
- Price spread: +0.035% → +0.054%
- −$1.9
- Slippage, 4 orders
- −$1.55
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$25.89
- Costs to cover
- 0.235%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; BloFin: live order book, 5 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, 2 min ago | 0.07 bp | 5.4 bp −$5 | 7.5 bp −$75 | 37.3 bp −$3,730 | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.07 bp | 6.1 bp −$6 | 6.7 bp −$67 | 11.2 bp −$1,118 | 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 −0.0166% / S +0.0256% | 1h | 742.10 | +0.098% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0059% | 8h | 741.37 | 0.000% | $3.4M | $21.6M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0024% | 1h | 740.51 | −0.116% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.98 | +0.082% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.95 | +0.078% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.77 | +0.054% | $21.4M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.76 | +0.053% | $5.4M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.10 | +0.098% | $16.6M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.89 | +0.069% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.84 | +0.198% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.73 | +0.049% | $424K | $155K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.109% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.37 | +0.135% | $362K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.02 | +0.087% | $70.0M | $143.8M | 25x | as long as short |
| BloFin QQQ-USDTshort | +0.0014% | 8h | 741.63 | +0.035% | $1.1M | $271K | 20x | |
| Coinbase International QQQ-PERP-INTXlong | +0.0016% | 1h | 741.37 | long leg | $1.2M | $489K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 741.84 | +0.063% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.16 | +0.107% | $37.1M | $81.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.10 | −0.036% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.96 | +0.214% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.53 | +0.022% | $3.4M | $356K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.40 | +0.004% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.75 | +0.051% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.29 | −0.010% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0118% | 1h | 741.55 | +0.025% | $1.6M | $764K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0119% | 8h | 742.00 | +0.085% | $314K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.67 | +0.040% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0298% | 4h | 741.83 | +0.063% | $758K | $336K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC