Funding you earn now, next payment 08:00 UTC−0.0525%/8h= −57.5% APRpaid last 24h −0.038%
Price spread now: BloFin against edgeX−0.028%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.028%, 7d avg +0.008%
=Together, before fees−0.156%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and BloFin is 0.036% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.229% in total (about -12.0% 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 | 742.27 | 0.0513 | pay 0.0257% / 4h | 1h 50m | $759K | $335K | 20x |
| Short | BloFin QQQ-USDT | 742.07 | −0.0012 | pay 0.0012% / 8h | 1h 50m | $1.1M | $278K | 20x |
edgeX QQQUSDC
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$110.28
- Price spread: −0.028% → +0.008%
- −$3.56
- Slippage, 4 orders
- −$8.58
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$143.41
- Costs to cover
- 0.296%
- Break-even
- never at this rate
Slippage from edgeX: 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 edgeX live order book, 59 min ago | 4.11 bp | 8.7 bp −$9 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.07 bp | 6.2 bp −$6 | 6.9 bp −$69 | 9.7 bp −$969 | 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 −0.0156% / S +0.0249% | 1h | 742.37 | +0.012% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0033% | 1h | 741.01 | −0.170% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDTshort | −0.0012% | 8h | 742.07 | −0.028% | $1.1M | $278K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 742.32 | +0.006% | $823K | $858K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.41 | +0.018% | $70.2M | $145.5M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.40 | +0.017% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.25 | −0.003% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.21 | −0.009% | $5.4M | $6.3M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.70 | −0.077% | $3.3M | $21.5M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.53 | +0.034% | $16.6M | $5.6M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni QQQ | 0.0000% | 8h | 742.22 | −0.007% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.81 | +0.072% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.60 | +0.044% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.53 | +0.034% | $365K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.73 | −0.073% | $1.2M | $551K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.11 | −0.022% | $7.6M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.48 | +0.028% | $36.9M | $79.6M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0033% | 1h | 741.93 | −0.046% | $424K | $153K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.34 | −0.126% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.20 | +0.125% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.92 | −0.048% | $3.4M | $352K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.86 | −0.056% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.04 | −0.032% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.53 | −0.100% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0105% | 8h | 742.52 | +0.033% | $318K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0142% | 1h | 741.79 | −0.065% | $1.5M | $749K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.83 | −0.060% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0513% | 4h | 742.27 | long leg | $759K | $335K | 20x |
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ