Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.007%
Price spread now: Arcus against OKX−0.134%7-day average −0.149% · you buy dearer than you sell
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−$220.224% of the position
Funding, last 3 days (all we have)+0.023%+$2 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.134%, 7d avg −0.149%
=The price spread sits at its 7-day average of −0.149%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX QQQ-USDT-SWAP | 744.72 | 0 | get 0.0000% / 8h | 7h 28m | $21.6M | $25.1M | 50x |
| Short | Arcus QQQ-USD | 743.72 | 0.0040 | get 0.0005% / 1h | 28m 27s | $747K | $1.5M | 25x |
OKX QQQ-USDT-SWAP
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against OKX. 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
- $8.46
- Price spread: −0.134% → −0.149%
- $1.52
- Slippage, 4 orders
- −$7.85
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$12.37
- Costs to cover
- 0.224%
- Break-even
- 17.2 days
Slippage from OKX: live order book, 5 min ago; Arcus: live order book, just now.
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 OKX live order book, 5 min ago | 0.07 bp | 5.1 bp −$5 | 5.9 bp −$59 | 12.3 bp −$1,227 | doesn't fit |
| Sell Arcus live order book, just now | 1.08 bp | 5.9 bp −$6 | 10.2 bp −$102 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0361% | 1h | 743.30 | −0.191% | $4.2M | $2.1M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0086% / S +0.0194% | 1h | 744.96 | +0.032% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.30 | −0.056% | $841K | $716K | 20x | as long as short |
| OKX QQQ-USDT-SWAPlong | 0.0000% | 8h | 744.72 | long leg | $21.6M | $25.1M | 50x | |
| Gate QQQ_USDT | 0.0000% | 8h | 744.43 | −0.039% | $3.2M | $27.6M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.41 | +0.093% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.45 | −0.036% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.91 | +0.026% | $360K | $1.4M | 10x | as long as short |
| Bybit QQQUSDT | +0.0002% | 8h | 745.02 | +0.040% | $10.7M | $4.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 744.67 | −0.007% | $425K | $147K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Bybit QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0028% | 8h | 744.05 | −0.090% | $1.1M | $318K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.63 | −0.012% | $7.7M | $18.3M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 745.04 | +0.043% | $37.4M | $80.0M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.72 | −0.134% | $747K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.39 | +0.090% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0047% | 8h | 744.24 | −0.065% | $17.1M | $9.7M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.133% | $1.2M | $547K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 744.92 | +0.027% | $71.2M | $151.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.42 | −0.040% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.74 | −0.132% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.53 | −0.026% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0103% | 1h | 744.39 | −0.044% | $1.5M | $1.3M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 744.10 | −0.083% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0174% | 8h | 744.96 | +0.032% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.88 | +0.021% | $5.4M | $8.7M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.03 | −0.093% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0263% | 8h | 744.41 | −0.042% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0471% | 4h | 744.23 | −0.065% | $761K | $337K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC