Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Gate against Coinbase International+0.061%50s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as 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−$350.345% of the position
Funding, last 7 days−0.249%−$25 on $10k
+Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.061%, 7d avg +0.028%
=The price spread pays, funding is against you. Gate is 0.033% dearer against Coinbase International than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.028%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.249% in total) that is about 22 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 743.51 | 0.0032 | pay 0.0004% / 1h | 33m 24s | $1.2M | $535K | 20x |
| Short | Gate QQQ_USDT | 743.96 | 0 | get 0.0000% / 8h | 5h 33m | $3.3M | $21.1M | 50x |
Coinbase International QQQ-PERP-INTX
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.72
- Price spread: +0.061% → +0.028%
- $3.3
- Slippage, 4 orders
- −$9.51
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$37.94
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Gate: 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 | 7.2 bp −$7 | 8.6 bp −$86 | 32.7 bp −$3,266 | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.69 bp | 10.5 bp −$10 | 13.6 bp −$136 | 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 −0.0110% / S +0.0212% | 1h | 744.26 | +0.102% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0037% | 1h | 742.96 | −0.074% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0010% | 8h | 744.12 | +0.082% | $1.1M | $303K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.29 | +0.105% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.33 | +0.110% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.13 | +0.083% | $21.7M | $26.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.31 | +0.108% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 743.96 | +0.061% | $3.3M | $21.1M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 744.39 | +0.118% | $16.9M | $5.8M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.71 | +0.161% | $2K | $2.0M | 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
RISEx QQQ/USDC
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 744.45 | +0.126% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.89 | +0.186% | $361K | $1.5M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.03 | +0.070% | $7.7M | $17.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.45 | +0.126% | $37.3M | $79.2M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0032% | 1h | 743.51 | long leg | $1.2M | $535K | 20x | |
| Variational Omni QQQ | +0.0039% | 8h | 744.17 | +0.089% | $17.1M | $7.5M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.23 | −0.038% | $696K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.22 | +0.230% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0067% | 8h | 744.26 | +0.101% | $71.2M | $143.8M | 25x | as long as short |
| Nado QQQ-PERP | +0.0094% | 1h | 743.89 | +0.051% | $1.5M | $925K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.92 | +0.055% | $3.4M | $409K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.86 | +0.047% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.99 | +0.065% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.44 | −0.009% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0149% | 8h | 744.36 | +0.114% | $319K | $1.9M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0153% | 1h | 744.07 | +0.075% | $425K | $149K | 20x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 743.88 | +0.050% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0195% | 4h | 744.11 | +0.081% | $761K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ
edgeX QQQUSDC