Funding you earn now, next payment 03:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.014%
Price spread now: BloFin against Deribit0.000%7-day average +0.049% · 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−$30as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 5 days (all we have)−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now 0.000%, 7d avg +0.049%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.049% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 744.37 | 0.0113 | pay 0.0014% / 1h | 5m 10s | $425K | $149K | 20x |
| Short | BloFin QQQ-USDT | 744.37 | 0.0007 | get 0.0007% / 8h | 5h 05m | $1.1M | $281K | 20x |
Deribit QQQ_USDC-PERPETUAL
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$22.16
- Price spread: 0.000% → +0.049%
- −$4.93
- Slippage, 4 orders
- −$5.8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.9
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 59 min ago; BloFin: live order book, 2 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, 59 min ago | 0.07 bp | 3.6 bp −$4 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.07 bp | 6.1 bp −$6 | 6.5 bp −$65 | 10.6 bp −$1,062 | 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 −0.0116% / S +0.0217% | 1h | 744.63 | +0.036% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0074% | 1h | 743.24 | −0.152% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.42 | +0.007% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.67 | +0.040% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.37 | 0.000% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.61 | +0.033% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.12 | −0.034% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.64 | +0.036% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.00 | +0.085% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.78 | +0.055% | $257K | $29K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.96 | +0.079% | $360K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDTshort | +0.0007% | 8h | 744.37 | 0.000% | $1.1M | $281K | 20x | |
| Variational Omni QQQ | +0.0018% | 8h | 744.37 | 0.000% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.39 | +0.003% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.83 | +0.062% | $37.0M | $80.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.92 | −0.060% | $1.2M | $535K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.58 | −0.106% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.55 | +0.159% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0052% | 8h | 744.63 | +0.035% | $71.2M | $142.8M | 25x | as long as short |
| Nado QQQ-PERP | +0.0082% | 1h | 744.22 | −0.020% | $1.5M | $875K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.23 | −0.019% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.09 | −0.038% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.27 | −0.013% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.73 | −0.086% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0113% | 1h | 744.37 | long leg | $425K | $149K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0122% | 8h | 744.53 | +0.021% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.07 | −0.040% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0314% | 4h | 744.40 | +0.004% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
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
Phoenix QQQ
edgeX QQQUSDC