Funding you earn now, next payment 07:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.004%
Price spread now: OKX against Coinbase International+0.062%7-day average +0.055% · 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−$21as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.062%, 7d avg +0.055%
=The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: $0 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 | 741.15 | 0.0016 | pay 0.0002% / 1h | 12m 25s | $1.2M | $488K | 20x |
| Short | OKX QQQ-USDT-SWAP | 741.61 | 0 | get 0.0000% / 8h | 12m 25s | $21.5M | $28.3M | 50x |
Coinbase International QQQ-PERP-INTX
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$3.36
- Price spread: +0.062% → +0.055%
- $0.73
- Slippage, 4 orders
- −$1.68
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$24.31
- Costs to cover
- 0.217%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 0.07 bp | 6.3 bp −$6 | 8.3 bp −$83 | 37.8 bp −$3,780 | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.07 bp | 5.1 bp −$5 | 6.1 bp −$61 | 14.1 bp −$1,406 | 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 −0.0176% / S +0.0264% | 1h | 741.88 | +0.099% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0150% | 1h | 741.01 | −0.019% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0092% | 8h | 741.32 | +0.023% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0023% | 8h | 741.73 | +0.078% | $1.1M | $274K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.88 | +0.099% | $824K | $863K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.84 | +0.093% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 741.61 | +0.062% | $21.5M | $28.3M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.71 | +0.075% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.95 | +0.108% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.75 | +0.081% | $16.8M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.22 | +0.144% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.05 | +0.121% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.14 | +0.134% | $362K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0016% | 1h | 741.15 | long leg | $1.2M | $488K | 20x | |
| Binance QQQUSDT | +0.0023% | 8h | 741.83 | +0.092% | $70.3M | $141.0M | 25x | as long as short |
| edgeX QQQUSDC | +0.0027% | 4h | 741.76 | +0.082% | $758K | $337K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.72 | +0.077% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.03 | +0.119% | $37.2M | $81.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.99 | −0.022% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.84 | +0.228% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.48 | +0.045% | $3.4M | $351K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.34 | +0.026% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.51 | +0.049% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.10 | −0.007% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0139% | 1h | 741.51 | +0.049% | $1.6M | $748K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0143% | 8h | 741.98 | +0.112% | $314K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0222% | 1h | 741.62 | +0.063% | $424K | $156K | 20x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.64 | +0.066% | $38K | $65K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
edgeX QQQUSDC
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
Deribit QQQ_USDC-PERPETUAL
Phoenix QQQ