Funding you earn now, next payment 10:00 UTC−0.0020%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h −0.007%
Price spread now: Arcus against Deribit−0.085%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 4 days (all we have)−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.085%, 7d avg −0.084%
=The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 742.66 | 0.0060 | pay 0.0007% / 1h | 0m 44s | $398K | $147K | 20x |
| Short | Arcus QQQ-USD | 742.03 | 0.0040 | get 0.0005% / 1h | 0m 44s | $658K | $1.4M | 25x |
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Deribit. 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
- −$4.1
- Price spread: −0.085% → −0.084%
- −$0.11
- Slippage, 4 orders
- −$7.12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$22.82
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 51 min ago; Arcus: 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 Deribit live order book, 51 min ago | 0.07 bp | 3.6 bp −$4 | 4.8 bp −$48 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.14 bp | 5.3 bp −$5 | 5.5 bp −$55 | 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 | 743.25 | +0.079% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0109% | 1h | 741.79 | −0.117% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.22 | +0.076% | $858K | $903K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.30 | +0.086% | $21.7M | $30.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.77 | +0.015% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.99 | +0.044% | $3.5M | $20.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.66 | +0.135% | $17.1M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.54 | +0.118% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.89 | +0.031% | $251K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.36 | +0.094% | $360K | $1.6M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0019% | 8h | 742.89 | +0.031% | $1.1M | $230K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.01 | +0.047% | $7.5M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.51 | +0.114% | $38.5M | $79.0M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 742.13 | −0.071% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0034% | 8h | 742.90 | +0.032% | $16.8M | $7.2M | — | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 742.03 | −0.085% | $658K | $1.4M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.82 | +0.156% | — | $337K | 50x | as long as short |
| Bybit QQQUSDT | +0.0053% | 8h | 743.59 | +0.125% | $10.7M | $4.8M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0060% | 1h | 742.66 | long leg | $398K | $147K | 20x | |
| Binance QQQUSDT | +0.0062% | 8h | 743.45 | +0.106% | $71.6M | $145.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.65 | −0.001% | $3.4M | $462K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.34 | −0.043% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.75 | +0.012% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.99 | −0.091% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0116% | 1h | 742.36 | −0.040% | $1.6M | $770K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0208% | 8h | 743.29 | +0.084% | $319K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0280% | 1h | 742.55 | −0.015% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0867% | 4h | 742.95 | +0.039% | $760K | $336K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Vest QQQ-USD-PERP
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