Funding you earn now, next payment 22:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h +0.073%
Price spread now: Arcus against edgeX−0.082%54s7-day average −0.126% · 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—prices read too far apart to compare
costs, in and out, $10k−$270.271% of the position
Funding, last 3 days (all we have)+0.405%+$40 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.082%, 7d avg −0.126%
=Together, before fees+0.384%+ Points / potential airdropedgeX: Active · farm board+$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.045% dearer against edgeX than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.126%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 3 days funding on this pair paid +0.405%, so the current rate has only just turned against you. The two prices were read 54 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 | edgeX QQQUSDC | 741.95 | 0.0275 | pay 0.0138% / 4h | 2h 03m | $759K | $336K | 20x |
| Short | Arcus QQQ-USD | 741.35 | 0.0025 | get 0.0003% / 1h | 3m 54s | $735K | $1.5M | 25x |
edgeX QQQUSDC
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against edgeX. 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
- −$52.49
- Price spread: −0.082% → −0.126%
- $4.45
- Slippage, 4 orders
- −$13.56
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$75.1
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 20 min ago; Arcus: 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 edgeX live order book, 20 min ago | 4.18 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 5 min ago | 0.47 bp | 4.7 bp −$5 | 5.2 bp −$52 | doesn't fit | 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 −0.0061% / S +0.0175% | 1h | 742.13 | +0.023% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0016% | 8h | 741.77 | −0.025% | $1.0M | $509K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.89 | −0.009% | $21.3M | $28.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.84 | −0.015% | $3.1M | $33.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.55 | +0.080% | $1K | $2.4M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.41 | +0.061% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.36 | +0.055% | $359K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0010% | 8h | 741.87 | −0.011% | $840K | $780K | 20x | as long as short |
| Arcus QQQ-USDshort | +0.0025% | 1h | 741.35 | −0.082% | $735K | $1.5M | 25x | |
| Ondo Perps QQQ-USD.P | +0.0033% | 1h | 740.96 | −0.134% | $4.2M | $2.2M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Ondo Perps QQQ-USD.PShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.48 | +0.071% | — | $621K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0047% | 1h | 741.83 | −0.017% | $424K | $304K | 20x | as long as short |
| Variational Omni QQQ | +0.0061% | 8h | 742.08 | +0.017% | $17.2M | $10.1M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.62 | −0.045% | $1.2M | $888K | 20x | as long as short |
| Phoenix QQQ | +0.0076% | 1h | 741.50 | −0.061% | $38K | $73K | 20x | as long as short |
| Bybit QQQUSDT | +0.0079% | 8h | 742.23 | +0.037% | $10.7M | $5.4M | 50x | as long as short |
| Binance QQQUSDT | +0.0091% | 8h | 742.11 | +0.021% | $69.8M | $164.8M | 25x | as long as short |
| Lighter QQQ | +0.0096% | 1h | 741.97 | +0.002% | $7.8M | $21.8M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.51 | −0.060% | $3.4M | $449K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.50 | −0.061% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.22 | −0.099% | $7K | $15K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.44 | −0.069% | $92K | $1K | 10x | as long as short |
| Lighter RH QQQ | +0.0112% | 1h | 742.30 | +0.047% | $37.7M | $83.5M | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0181% | 8h | 742.07 | +0.015% | $316K | $1.7M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0212% | 1h | 742.22 | +0.036% | $5.4M | $9.3M | 25x | as long as short |
| Bitget QQQUSDT | +0.0228% | 8h | 742.15 | +0.026% | $16.7M | $7.8M | 20x | as long as short |
| Nado QQQ-PERP | +0.0243% | 1h | 741.47 | −0.066% | $1.5M | $1.3M | 20x | as long as short |
| edgeX QQQUSDClong | +0.0275% | 4h | 741.95 | long leg | $759K | $336K | 20x |
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Phoenix QQQ
Bybit QQQUSDT
Binance QQQUSDT
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Lighter RH QQQ
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Bitget QQQUSDT
Nado QQQ-PERP