Funding you earn now, next payment 07:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h −0.028%
Price spread now: Deribit against RISEx+0.010%7-day average −0.084% · 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−$6as in the Price arb table
costs, in and out, $10k−$150.150% of the position
Funding, last 4 days (all we have)−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.010%, 7d avg −0.084%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.094% dearer against RISEx than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.084%. Mind the row above: over the last 4 days funding on this pair cost −0.087%, 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 | RISEx QQQ/USDC | 741.89 | 0 | get 0.0000% / 1h | 18m 14s | $5.5M | $6.3M | 25x |
| Short | Deribit QQQ_USDC-PERPETUAL | 741.96 | 0.0154 | get 0.0019% / 1h | 18m 14s | $424K | $154K | 20x |
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against RISEx. 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
- $32.45
- Price spread: +0.010% → −0.084%
- $9.36
- Slippage, 4 orders
- −$2.01
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $26.79
- Costs to cover
- 0.150%
- Break-even
- 1.2 days
Slippage from RISEx: live order book, 1 min ago; Deribit: live order book, 25 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 RISEx live order book, 1 min ago | 0.07 bp | 4.5 bp −$5 | 4.9 bp −$49 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 25 min ago | 0.07 bp | 3.8 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 −0.0163% / S +0.0254% | 1h | 742.25 | +0.048% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0035% | 8h | 741.47 | −0.056% | $3.3M | $21.5M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0012% | 8h | 741.66 | −0.030% | $1.1M | $271K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0003% | 1h | 740.74 | −0.154% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.23 | +0.046% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.17 | +0.038% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.00 | +0.015% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDClong | 0.0000% | 1h | 741.89 | long leg | $5.5M | $6.3M | 25x | |
| Bitget QQQUSDT | 0.0000% | 8h | 742.22 | +0.045% | $16.5M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.08 | +0.026% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
BloFin QQQ-USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.92 | +0.139% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.23 | +0.046% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.41 | +0.071% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0004% | 8h | 742.24 | +0.048% | $70.0M | $144.5M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.35 | −0.072% | $1.2M | $528K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.04 | +0.021% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.36 | +0.064% | $37.1M | $81.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.23 | −0.088% | $687K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.06 | +0.158% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.69 | −0.026% | $3.4M | $354K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.74 | −0.020% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.86 | −0.003% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.39 | −0.066% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0117% | 8h | 742.28 | +0.053% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0128% | 1h | 741.63 | −0.034% | $1.5M | $768K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0154% | 1h | 741.96 | +0.010% | $424K | $154K | 20x | |
| Phoenix QQQ | +0.0205% | 1h | 741.75 | −0.018% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0552% | 4h | 741.98 | +0.012% | $759K | $335K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC