Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.009%
Price spread now: Deribit against Coinbase International+0.023%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 5 days (all we have)−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.023%, 7d avg +0.009%
=The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 740.02 | 0.0024 | pay 0.0003% / 1h | 33m 39s | $1.2M | $495K | 20x |
| Short | Deribit QQQ_USDC-PERPETUAL | 740.19 | 0.0155 | get 0.0019% / 1h | 33m 39s | $423K | $158K | 20x |
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $27.61
- Price spread: +0.023% → +0.009%
- $1.44
- Slippage, 4 orders
- −$5.12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $6.93
- Costs to cover
- 0.221%
- Break-even
- 5.2 days
Slippage from Coinbase International: live order book, 5 min ago; Deribit: live order book, 65 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, 5 min ago | 0.07 bp | 5.4 bp −$5 | 7.1 bp −$71 | 36.1 bp −$3,610 | doesn't fit |
| Sell Deribit live order book, 65 min ago | 0.07 bp | 6.2 bp −$6 | 7.6 bp −$76 | 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 −0.0184% / S +0.0271% | 1h | 740.25 | +0.030% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.16 | +0.019% | $822K | $868K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.06 | +0.005% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 739.89 | −0.018% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 739.90 | −0.016% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.59 | −0.058% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.21 | +0.026% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.67 | +0.088% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 740.70 | +0.092% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.75 | +0.099% | $364K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | +0.0002% | 8h | 740.22 | +0.027% | $16.7M | $7.2M | — | as long as short |
| edgeX QQQUSDC | +0.0010% | 4h | 740.44 | +0.057% | $757K | $335K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0022% | 8h | 740.23 | +0.028% | $1.1M | $274K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0024% | 1h | 740.02 | long leg | $1.2M | $495K | 20x | |
| Binance QQQUSDT | +0.0031% | 8h | 740.15 | +0.017% | $70.1M | $139.8M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 739.78 | −0.032% | $7.6M | $15.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.21 | +0.026% | $37.5M | $79.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.30 | −0.097% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.16 | +0.154% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.25 | −0.104% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.73 | −0.039% | $3.4M | $383K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.84 | −0.024% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.08 | +0.008% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.71 | −0.041% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0150% | 1h | 739.78 | −0.033% | $1.6M | $742K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0155% | 1h | 740.19 | +0.023% | $423K | $158K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0184% | 8h | 740.55 | +0.072% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.82 | −0.027% | $38K | $65K | 20x | as long as short |
Variational Omni QQQ
edgeX QQQUSDC
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ