Funding you earn now, next payment 04:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.057%
Price spread now: edgeX against Coinbase International+0.059%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.059%, 7d avg +0.046%
=Together, before fees−0.265%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% 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 | Coinbase International QQQ-PERP-INTX | 743.18 | 0 | get 0.0000% / 1h | 48m 41s | $1.2M | $536K | 20x |
| Short | edgeX QQQUSDC | 743.62 | 0.0470 | get 0.0235% / 4h | 3h 48m | $760K | $335K | 20x |
Coinbase International QQQ-PERP-INTX
edgeX QQQUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $98.75
- Price spread: +0.059% → +0.046%
- $1.31
- Slippage, 4 orders
- −$8.97
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $72.09
- Costs to cover
- 0.280%
- Break-even
- 1.9 days
Slippage from Coinbase International: live order book, 5 min ago; edgeX: 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, 5 min ago | 0.07 bp | 5.1 bp −$5 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 5 min ago | 4.10 bp | 8.7 bp −$9 | 9.7 bp −$97 | 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 −0.0131% / S +0.0229% | 1h | 743.26 | +0.011% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0022% | 1h | 742.29 | −0.120% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0017% | 8h | 743.12 | −0.008% | $1.1M | $255K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.07 | −0.014% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.37 | +0.026% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.47 | +0.039% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.79 | −0.052% | $3.3M | $20.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.67 | +0.066% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.43 | +0.034% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.71 | +0.071% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTXlong | 0.0000% | 1h | 743.18 | long leg | $1.2M | $536K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 743.53 | +0.047% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.54 | +0.048% | $360K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.71 | +0.071% | $5.4M | $7.3M | 25x | as long as short |
| Binance QQQUSDT | +0.0012% | 8h | 743.60 | +0.057% | $70.9M | $141.2M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.36 | +0.024% | $7.7M | $15.8M | 30x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.80 | −0.051% | $699K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.28 | +0.148% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 743.70 | +0.070% | $37.0M | $78.0M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0080% | 8h | 743.92 | +0.100% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0099% | 1h | 743.08 | −0.013% | $1.5M | $782K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.15 | −0.004% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.42 | +0.032% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.00 | −0.024% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.48 | −0.094% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.09 | −0.012% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0127% | 1h | 743.06 | −0.016% | $424K | $150K | 20x | as long as short |
| edgeX QQQUSDCshort | +0.0470% | 4h | 743.62 | +0.059% | $760K | $335K | 20x |
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Binance QQQUSDT
Lighter QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL