Funding you earn now, next payment 01:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.013%
Price spread now: Aster against Deribit−0.017%7-day average +0.048% · 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−$25as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Funding, last 5 days (all we have)−0.098%−$10 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.017%, 7d avg +0.048%
=Together, before fees−0.044%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.066% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 743.69 | 0.0113 | pay 0.0014% / 1h | 56m 10s | $425K | $147K | 20x |
| Short | Aster QQQUSDT | 743.56 | 0 | get 0.0000% / 8h | 7h 56m | $839K | $757K | 20x |
Deribit QQQ_USDC-PERPETUAL
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$23.77
- Price spread: −0.017% → +0.048%
- −$6.57
- Slippage, 4 orders
- −$3.65
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$49
- Costs to cover
- 0.187%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 18 min ago; Aster: live order book, 17 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, 18 min ago | 1.28 bp | 4.8 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Aster live order book, 17 min ago | 0.27 bp | 4.3 bp −$4 | 5.3 bp −$53 | 26.1 bp −$2,606 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0334% | 1h | 742.19 | −0.202% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0080% / S +0.0189% | 1h | 743.89 | +0.028% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0027% | 8h | 743.10 | −0.079% | $1.0M | $318K | 20x | as long as short |
| Gate QQQ_USDT | −0.0013% | 8h | 743.43 | −0.035% | $3.1M | $26.0M | 50x | as long as short |
| Aster QQQUSDTshort | 0.0000% | 8h | 743.56 | −0.017% | $839K | $757K | 20x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.81 | +0.016% | $21.5M | $25.4M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.35 | +0.089% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.16 | −0.071% | $257K | $28K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.03 | +0.046% | $362K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0027% | 8h | 744.03 | +0.046% | $10.7M | $4.8M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Gate QQQ_USDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.78 | +0.012% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.17 | +0.065% | $37.4M | $78.4M | 50x | as long as short |
| Variational Omni QQQ | +0.0040% | 8h | 743.83 | +0.019% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.84 | −0.114% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.43 | +0.100% | — | $402K | 50x | as long as short |
| edgeX QQQUSDC | +0.0056% | 4h | 743.46 | −0.031% | $760K | $338K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.04 | −0.087% | $1.2M | $628K | 20x | as long as short |
| Binance QQQUSDT | +0.0069% | 8h | 743.96 | +0.036% | $70.9M | $156.6M | 25x | as long as short |
| Nado QQQ-PERP | +0.0092% | 1h | 743.50 | −0.025% | $1.5M | $1.2M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.59 | −0.013% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.14 | −0.074% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.60 | −0.012% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.26 | −0.057% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0113% | 1h | 743.69 | long leg | $425K | $147K | 20x | |
| Bitget QQQUSDT | +0.0169% | 8h | 743.94 | +0.034% | $16.9M | $6.7M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0187% | 8h | 743.68 | −0.001% | $316K | $1.8M | 10x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.19 | −0.067% | $38K | $66K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 743.90 | +0.028% | $5.6M | $9.0M | 25x | as long as short |
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
edgeX QQQUSDC
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
Phoenix QQQ
RISEx QQQ/USDC