Funding you earn now, next payment 00:00 UTC+0.0211%/8h= +23.1% APRnext payment +$2.11 per $10,000 · paid last 24h +0.023%
Price spread now: Bitget against Gate+0.042%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 7 days−0.055%−$6 · spread now +0.042%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, 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 0.120% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 per $10,000. 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 | Gate QQQ_USDT | 742.14 | 0 | get 0.0000% / 8h | 1h 36m | $3.1M | $32.8M | 50x |
| Short | Bitget QQQUSDT | 742.45 | 0.0211 | get 0.0211% / 8h | 1h 36m | $16.7M | $7.1M | 20x |
Gate QQQ_USDT
Bitget QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $44.31
- Price spread: +0.042% → +0.036%
- $0.55
- Slippage, 4 orders
- −$9.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $8.85
- Costs to cover
- 0.360%
- Break-even
- 5.6 days
Slippage from Gate: live order book, 3 min ago; Bitget: 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 Gate live order book, 3 min ago | 3.03 bp | 11.9 bp −$12 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.07 bp | 6.8 bp −$7 | 9.0 bp −$90 | 13.7 bp −$1,367 | 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 −0.0068% / S +0.0180% | 1h | 742.42 | +0.038% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0027% | 1h | 741.30 | −0.113% | $4.2M | $2.2M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0024% | 8h | 742.13 | −0.001% | $1.0M | $482K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.24 | +0.014% | $840K | $780K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.24 | +0.013% | $21.5M | $28.2M | 50x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 742.14 | long leg | $3.1M | $32.8M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 742.86 | +0.097% | $2K | $2.4M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.71 | +0.077% | $257K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.04 | +0.121% | $364K | $1.5M | 10x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.67 | +0.071% | $37.7M | $81.2M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0036% | 4h | 742.38 | +0.032% | $759K | $336K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.70 | −0.059% | $737K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.93 | +0.106% | — | $621K | 50x | as long as short |
| Lighter QQQ | +0.0048% | 1h | 742.31 | +0.023% | $7.8M | $21.5M | 30x | as long as short |
| Variational Omni QQQ | +0.0056% | 8h | 742.44 | +0.040% | $17.2M | $10.1M | — | as long as short |
| Binance QQQUSDT | +0.0078% | 8h | 742.42 | +0.038% | $69.6M | $161.3M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 742.02 | −0.016% | $1.2M | $866K | 20x | as long as short |
| Bybit QQQUSDT | +0.0088% | 8h | 742.52 | +0.051% | $10.7M | $5.4M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.95 | −0.026% | $3.4M | $438K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.04 | −0.013% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.128% | $7K | $16K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.72 | −0.057% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0154% | 1h | 742.19 | +0.007% | $424K | $280K | 20x | as long as short |
| Nado QQQ-PERP | +0.0166% | 1h | 741.97 | −0.023% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0177% | 8h | 742.54 | +0.053% | $317K | $1.8M | 10x | as long as short |
| Bitget QQQUSDTshort | +0.0211% | 8h | 742.45 | +0.042% | $16.7M | $7.1M | 20x | |
| Phoenix QQQ | +0.0259% | 1h | 742.10 | −0.005% | $38K | $73K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.63 | +0.066% | $5.3M | $9.2M | 25x | as long as short |
edgeX QQQUSDC
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter QQQ
Variational Omni QQQ
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
RISEx QQQ/USDC