Funding you earn now, next payment 06:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.013%
Price spread now: Deribit against Gate+0.062%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 5 days (all we have)+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.062%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.081% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QQQ_USDT | 742.50 | 0 | get 0.0000% / 8h | 2h 12m | $3.3M | $21.4M | 50x |
| Short | Deribit QQQ_USDC-PERPETUAL | 742.96 | 0.0167 | get 0.0021% / 1h | 12m 14s | $424K | $152K | 20x |
Gate QQQ_USDT
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $35.16
- Price spread: +0.062% → −0.019%
- $8.11
- Slippage, 4 orders
- −$7.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $13.81
- Costs to cover
- 0.295%
- Break-even
- 4.3 days
Slippage from Gate: live order book, 1 min ago; Deribit: live order book, 36 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, 1 min ago | 1.95 bp | 12.2 bp −$12 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 36 min ago | 0.07 bp | 3.6 bp −$4 | 5.8 bp −$58 | 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 −0.0151% / S +0.0245% | 1h | 743.33 | +0.111% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.70 | +0.027% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.29 | +0.107% | $70.0M | $144.4M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.29 | +0.106% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.13 | +0.085% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.10 | +0.080% | $5.4M | $6.7M | 25x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 742.50 | long leg | $3.3M | $21.4M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 743.38 | +0.119% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.66 | +0.022% | $16.9M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.73 | +0.166% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Binance QQQUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.21 | −0.039% | $1.2M | $539K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.33 | +0.112% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.58 | +0.145% | $362K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0002% | 1h | 741.43 | −0.144% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | +0.0029% | 8h | 742.85 | +0.047% | $1.1M | $277K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.07 | +0.077% | $7.6M | $15.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.41 | +0.123% | $36.9M | $80.8M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.84 | −0.089% | $691K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.06 | +0.210% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0090% | 8h | 742.89 | +0.052% | $315K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.80 | +0.040% | $3.4M | $362K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.26 | −0.032% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.86 | +0.048% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.39 | −0.014% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 742.71 | +0.028% | $1.5M | $749K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.54 | +0.005% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0167% | 1h | 742.96 | +0.062% | $424K | $152K | 20x | |
| edgeX QQQUSDC | +0.0614% | 4h | 742.65 | +0.021% | $759K | $336K | 20x | as long as short |
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC