Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.007%
Price spread now: Coinbase International against OKX−0.075%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.075%, 7d avg −0.055%
=Funding pays, the price is against you. Coinbase International is 0.020% cheaper against OKX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.055%). If the spread goes back, that is −$2 on $10k: about 2.1 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.202% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX QQQ-USDT-SWAP | 744.48 | 0 | get 0.0000% / 8h | 5h 04m | $21.5M | $26.9M | 50x |
| Short | Coinbase International QQQ-PERP-INTX | 743.92 | 0.0032 | get 0.0004% / 1h | 4m 53s | $1.2M | $535K | 20x |
OKX QQQ-USDT-SWAP
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $6.72
- Price spread: −0.075% → −0.055%
- −$2
- Slippage, 4 orders
- −$1.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$17.16
- Costs to cover
- 0.219%
- Break-even
- 24.9 days
Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago | 0.07 bp | 5.1 bp −$5 | 6.0 bp −$60 | 13.0 bp −$1,300 | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 0.07 bp | 5.4 bp −$5 | 6.8 bp −$68 | 35.5 bp −$3,553 | 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 −0.0116% / S +0.0217% | 1h | 744.63 | +0.021% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0074% | 1h | 743.24 | −0.167% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.42 | −0.007% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.67 | +0.026% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAPlong | 0.0000% | 8h | 744.48 | long leg | $21.5M | $26.9M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.61 | +0.018% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.21 | −0.036% | $3.3M | $21.2M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.74 | +0.035% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.00 | +0.070% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.78 | +0.040% | $257K | $29K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.96 | +0.064% | $360K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0007% | 8h | 744.37 | −0.015% | $1.1M | $281K | 20x | as long as short |
| Variational Omni QQQ | +0.0018% | 8h | 744.37 | −0.015% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.39 | −0.012% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.83 | +0.047% | $37.0M | $80.5M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0032% | 1h | 743.92 | −0.075% | $1.2M | $535K | 20x | |
| Arcus QQQ-USD | +0.0040% | 1h | 743.58 | −0.121% | $695K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.55 | +0.144% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0052% | 8h | 744.65 | +0.022% | $71.2M | $142.8M | 25x | as long as short |
| Nado QQQ-PERP | +0.0082% | 1h | 744.22 | −0.034% | $1.5M | $875K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.25 | −0.031% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.09 | −0.052% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.27 | −0.028% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.73 | −0.100% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0113% | 1h | 744.37 | −0.015% | $425K | $149K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0122% | 8h | 744.53 | +0.006% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.07 | −0.055% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0314% | 4h | 744.40 | −0.011% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
BloFin QQQ-USDT
Variational Omni QQQ
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