Funding you earn now, next payment 00:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.013%
Price spread now: Binance against edgeX+0.012%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 2 days (all we have)+0.039%+$4 · spread now +0.012%, 7d avg +0.013%
=Together, before fees−0.060%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 07m | $759K | $336K | 20x |
| Short | Binance QQQUSDT | 742.04 | 0.0089 | get 0.0089% / 8h | 2h 07m | $69.8M | $165.0M | 25x |
edgeX QQQUSDC
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$39.14
- Price spread: +0.012% → +0.013%
- −$0.08
- Slippage, 4 orders
- −$8.59
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$66.81
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 16 min ago; Binance: live order book, 6 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, 16 min ago | 4.18 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.07 bp | 5.1 bp −$5 | 6.6 bp −$66 | 14.2 bp −$1,418 | 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 −0.0060% / S +0.0174% | 1h | 741.98 | +0.003% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0012% | 8h | 741.77 | −0.025% | $1.0M | $509K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.88 | −0.010% | $21.3M | $28.1M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.82 | −0.018% | $3.1M | $33.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.40 | +0.060% | $1K | $2.4M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.030% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.29 | +0.045% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0007% | 8h | 741.87 | −0.011% | $840K | $780K | 20x | as long as short |
| Arcus QQQ-USD | +0.0025% | 1h | 741.26 | −0.094% | $735K | $1.5M | 25x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0030% | 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
Arcus QQQ-USD
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 | 742.46 | +0.068% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0058% | 8h | 741.96 | +0.001% | $17.2M | $10.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.56 | −0.053% | $1.2M | $894K | 20x | as long as short |
| Bybit QQQUSDT | +0.0074% | 8h | 742.13 | +0.024% | $10.7M | $5.4M | 50x | as long as short |
| Phoenix QQQ | +0.0076% | 1h | 741.46 | −0.067% | $38K | $73K | 20x | as long as short |
| Binance QQQUSDTshort | +0.0089% | 8h | 742.04 | +0.012% | $69.8M | $165.0M | 25x | |
| Lighter QQQ | +0.0096% | 1h | 741.91 | −0.006% | $7.8M | $21.7M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.52 | −0.059% | $3.4M | $449K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.43 | −0.071% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.21 | −0.100% | $7K | $15K | 20x | as long as short |
| Lighter RH QQQ | +0.0104% | 1h | 742.24 | +0.038% | $37.8M | $83.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.31 | −0.088% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0128% | 1h | 741.85 | −0.014% | $424K | $304K | 20x | 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 | 742.20 | +0.032% | $5.4M | $9.3M | 25x | as long as short |
| Bitget QQQUSDT | +0.0227% | 8h | 742.14 | +0.025% | $16.7M | $7.8M | 20x | as long as short |
| Nado QQQ-PERP | +0.0243% | 1h | 741.46 | −0.067% | $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
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
Phoenix QQQ
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Lighter RH QQQ
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Bitget QQQUSDT
Nado QQQ-PERP