Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.007%
Price spread now: Coinbase International against SunX−0.171%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$750.750% of the position
Funding, last 7 days+0.235%+$23 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.171%, 7d avg −0.112%
=Funding pays, the price is against you. Coinbase International is 0.059% cheaper against SunX than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.112%). If the spread goes back, that is −$6 on $10k: about 12 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.235% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX QQQ-USDT | 742.62 | 0 | get 0.0000% / 8h | 1h 04m | $2K | $1.8M | 10x |
| Short | Coinbase International QQQ-PERP-INTX | 741.35 | 0.0016 | get 0.0002% / 1h | 4m 51s | $1.2M | $489K | 20x |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against SunX. 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
- $3.36
- Price spread: −0.171% → −0.112%
- −$5.9
- Slippage, 4 orders
- −$57.02
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$77.56
- Costs to cover
- 0.750%
- Break-even
- 168.6 days
Slippage from SunX: live order book, 11 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 SunX live order book, 11 min ago | 21.62 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 0.07 bp | 5.8 bp −$6 | 6.9 bp −$69 | 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 −0.0165% / S +0.0256% | 1h | 741.86 | −0.103% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0054% | 8h | 741.20 | −0.191% | $3.4M | $21.6M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0022% | 1h | 740.67 | −0.263% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.77 | −0.115% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.89 | −0.098% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.60 | −0.137% | $21.4M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.56 | −0.143% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.06 | −0.075% | $16.6M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.89 | −0.099% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDTlong | 0.0000% | 8h | 742.62 | long leg | $2K | $1.8M | 10x |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 742.26 | −0.048% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.09 | −0.071% | $363K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | 0.0000% | 8h | 741.72 | −0.121% | $1.1M | $271K | 20x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 741.82 | −0.108% | $70.0M | $143.8M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0016% | 1h | 741.35 | −0.171% | $1.2M | $489K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 741.69 | −0.125% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.97 | −0.088% | $37.1M | $81.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.13 | −0.201% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.84 | +0.030% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0087% | 1h | 741.59 | −0.139% | $424K | $155K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.49 | −0.152% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.55 | −0.144% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.54 | −0.145% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.18 | −0.194% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0119% | 1h | 741.59 | −0.139% | $1.6M | $764K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0119% | 8h | 742.16 | −0.062% | $314K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0143% | 4h | 741.86 | −0.102% | $759K | $335K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.67 | −0.128% | $38K | $66K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC
Phoenix QQQ