Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.024%
Price spread now: RISEx against Coinbase International+0.040%81s7-day average +0.090% · 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—prices read too far apart to compare
costs, in and out, $10k−$190.193% of the position
Funding, last 4 days (all we have)+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.040%, 7d avg +0.090%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.049% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.090%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.093%, so the current rate has only just turned against you. The two prices were read 81 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 | 742.87 | 0.0032 | pay 0.0004% / 1h | 47m 11s | $1.2M | $541K | 20x |
| Short | RISEx QQQ/USDC | 743.17 | 0 | get 0.0000% / 1h | 47m 11s | $5.5M | $5.7M | 25x |
Coinbase International QQQ-PERP-INTX
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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: +0.040% → +0.090%
- −$4.92
- Slippage, 4 orders
- −$3.28
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$30.93
- Costs to cover
- 0.193%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; RISEx: 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, 4 min ago | 0.07 bp | 5.6 bp −$6 | 7.1 bp −$71 | 33.5 bp −$3,352 | doesn't fit |
| Sell RISEx live order book, 5 min ago | 0.27 bp | 4.1 bp −$4 | 4.6 bp −$46 | doesn't fit | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 743.37 | +0.067% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0104% | 1h | 742.19 | −0.092% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0022% | 8h | 743.08 | +0.028% | $1.1M | $237K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.43 | +0.075% | $857K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.23 | +0.048% | $21.8M | $30.3M | 50x | as long as short |
| RISEx QQQ/USDCshort | 0.0000% | 1h | 743.17 | +0.040% | $5.5M | $5.7M | 25x | |
| Gate QQQ_USDT | 0.0000% | 8h | 742.74 | −0.017% | $3.5M | $19.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.43 | +0.075% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.73 | +0.116% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.92 | +0.007% | $399K | $143K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 743.33 | +0.062% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.94 | +0.144% | $364K | $1.6M | 10x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.82 | −0.007% | $7.3M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.47 | +0.081% | $38.6M | $76.8M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0032% | 1h | 742.87 | long leg | $1.2M | $541K | 20x | |
| Arcus QQQ-USD | +0.0040% | 1h | 742.25 | −0.083% | $659K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.13 | +0.170% | — | $337K | 50x | as long as short |
| Variational Omni QQQ | +0.0048% | 8h | 743.46 | +0.079% | $16.8M | $6.9M | — | as long as short |
| Bybit QQQUSDT | +0.0068% | 8h | 743.40 | +0.071% | $10.5M | $4.8M | 50x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.41 | +0.072% | $71.6M | $146.0M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.95 | +0.011% | $3.4M | $466K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.03 | +0.022% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.07 | +0.027% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.59 | −0.038% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0130% | 1h | 742.73 | −0.019% | $1.6M | $768K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0250% | 8h | 743.76 | +0.119% | $321K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 743.26 | +0.052% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0589% | 4h | 743.40 | +0.071% | $760K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Bybit QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC