Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Coinbase International against HTX−0.128%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 4 days (all we have)+0.392%+$39 · spread now −0.128%, 7d avg −0.086%
=Funding pays, the price is against you. Coinbase International is 0.042% cheaper against HTX than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.086%). If the spread goes back, that is −$4 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.238% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX QQQ-USDT | 744.53 | 0 | get 0.0000% / 8h | 5h 12m | $257K | $29K | 30x |
| Short | Coinbase International QQQ-PERP-INTX | 743.58 | 0.0032 | get 0.0004% / 1h | 12m 41s | $1.2M | $534K | 20x |
HTX QQQ-USDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- $6.72
- Price spread: −0.128% → −0.086%
- −$4.19
- Slippage, 4 orders
- −$7.71
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$27.18
- Costs to cover
- 0.297%
- Break-even
- 35.3 days
Slippage from HTX: live order book, 49 min ago; Coinbase International: live order book, 1 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 HTX live order book, 49 min ago | 2.69 bp | 8.7 bp −$9 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 0.07 bp | 7.0 bp −$7 | 8.4 bp −$84 | 40.3 bp −$4,026 | 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 −0.0114% / S +0.0216% | 1h | 744.46 | −0.010% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0068% | 1h | 743.44 | −0.146% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.38 | −0.020% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.51 | −0.003% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.25 | −0.038% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.50 | −0.004% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.92 | −0.082% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.52 | −0.001% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.90 | +0.050% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDTlong | 0.0000% | 8h | 744.53 | long leg | $257K | $29K | 30x |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.53 | 0.000% | $363K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0026% | 8h | 744.39 | −0.019% | $17.1M | $7.5M | — | as long as short |
| BloFin QQQ-USDT | +0.0029% | 8h | 744.33 | −0.027% | $1.1M | $293K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.20 | −0.044% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.64 | +0.015% | $37.1M | $80.2M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0032% | 1h | 743.58 | −0.128% | $1.2M | $534K | 20x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.55 | −0.132% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.40 | +0.117% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0056% | 8h | 744.37 | −0.021% | $71.2M | $143.2M | 25x | as long as short |
| Nado QQQ-PERP | +0.0082% | 1h | 744.08 | −0.060% | $1.5M | $920K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.07 | −0.062% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.11 | −0.056% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.19 | −0.046% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.60 | −0.125% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.25 | −0.038% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0131% | 8h | 744.59 | +0.007% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.10 | −0.058% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0714% | 4h | 744.32 | −0.028% | $761K | $336K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC