Funding you earn now, next payment 08:00 UTC−0.0601%/8h= −65.8% APRpaid last 24h −0.051%
Price spread now: Bybit against edgeX+0.036%61s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.036%, 7d avg +0.034%
=Together, before fees−0.121%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% 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 | 741.51 | 0.0601 | pay 0.0300% / 4h | 22m 36s | $758K | $335K | 20x |
| Short | Bybit QQQUSDT | 741.77 | 0 | get 0.0000% / 8h | 22m 36s | $10.7M | $5.1M | 50x |
edgeX QQQUSDC
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$126.15
- Price spread: +0.036% → +0.034%
- $0.18
- Slippage, 4 orders
- −$12.4
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$158.37
- Costs to cover
- 0.324%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 16 min ago; Bybit: live order book, 11 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 | 4.11 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 11 min ago | 0.34 bp | 7.4 bp −$7 | 7.9 bp −$79 | 59.0 bp −$5,896 | 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 −0.0174% / S +0.0263% | 1h | 741.64 | +0.019% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0158% | 1h | 740.30 | −0.163% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0083% | 8h | 741.18 | −0.044% | $3.3M | $21.7M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.75 | +0.033% | $824K | $863K | 20x | as long as short |
| Bybit QQQUSDTshort | 0.0000% | 8h | 741.77 | +0.036% | $10.7M | $5.1M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.50 | −0.001% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.48 | −0.003% | $5.4M | $6.0M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.85 | +0.046% | $16.5M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.50 | −0.001% | $16.8M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.12 | +0.083% | $2K | $1.7M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 741.84 | +0.045% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 741.95 | +0.060% | $361K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0008% | 8h | 741.38 | −0.017% | $1.1M | $275K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.51 | 0.000% | $1.2M | $490K | 20x | as long as short |
| Binance QQQUSDT | +0.0018% | 8h | 741.75 | +0.032% | $70.2M | $141.7M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.52 | +0.002% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.89 | +0.052% | $37.4M | $80.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.96 | −0.074% | $645K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.59 | +0.146% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0074% | 1h | 741.29 | −0.029% | $423K | $156K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.24 | −0.036% | $3.4M | $361K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.13 | −0.051% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.34 | −0.022% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.90 | −0.082% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0135% | 1h | 741.30 | −0.028% | $1.6M | $756K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0137% | 8h | 741.76 | +0.034% | $325K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0227% | 1h | 741.18 | −0.044% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0601% | 4h | 741.51 | long leg | $758K | $335K | 20x |
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ