QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.018%

Price spread now: Binance against OKX+0.004%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.004%, 7d avg +0.005%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QQQ-USDT-SWAP	739.34	0	get 0.0000% / 8h	7h 27m	$21.5M	$29.3M	50x
Short	Binance QQQUSDT	739.37	0.0026	get 0.0026% / 8h	7h 27m	$70.0M	$140.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: $5.52
Price spread: +0.004% → +0.005%: −$0.05
Slippage, 4 orders: −$0.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.8
Costs to cover: 0.203%
Break-even: 25.8 days

Slippage from OKX: live order book, 1 min ago; Binance: 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 OKX live order book, 1 min ago	0.07 bp	5.1 bp −$5	6.3 bp −$63	13.9 bp −$1,391	doesn't fit
Sell Binance live order book, 1 min ago	0.07 bp	5.1 bp −$5	5.4 bp −$54	10.0 bp −$1,003	31.2 bp −$15.6K

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 −0.0186% / S +0.0272%	1h	739.61	+0.036%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0016%	8h	739.32	−0.003%	$1.1M	$277K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	739.32	−0.002%	$821K	$869K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	739.59	+0.034%	$10.6M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPlong	0.0000%	8h	739.34	long leg	$21.5M	$29.3M	50x
RISEx QQQ/USDC	0.0000%	1h	739.39	+0.007%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	739.18	−0.022%	$3.4M	$20.6M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	739.58	+0.032%	$16.4M	$5.1M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	740.06	+0.097%	$2K	$1.6M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	739.90	+0.076%	$250K	$38K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	739.79	+0.061%	$361K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0002%	8h	739.81	+0.064%	$16.7M	$7.2M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	738.80	−0.073%	$1.2M	$495K	20x	as long as short
Binance QQQUSDTshort	+0.0026%	8h	739.37	+0.004%	$70.0M	$140.3M	25x
Lighter QQQ	+0.0032%	1h	739.19	−0.020%	$7.6M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	739.65	+0.042%	$37.5M	$80.1M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	738.63	−0.096%	$645K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	740.36	+0.138%	—	$337K	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0048%	1h	739.29	−0.007%	$422K	$128K	20x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	738.20	−0.154%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	739.12	−0.030%	$3.4M	$390K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	739.43	+0.012%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	739.16	−0.024%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	738.68	−0.089%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0156%	8h	740.07	+0.099%	$314K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0160%	1h	739.08	−0.035%	$1.6M	$744K	20x	as long as short
edgeX QQQUSDC	+0.0237%	4h	739.81	+0.063%	$756K	$337K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	739.37	+0.004%	$38K	$65K	20x	as long as short