Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h −0.007%
Price spread now: Coinbase International against Vest−0.219%7-day average −0.199% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)+0.251%+$25 · spread now −0.219%, 7d avg −0.199%
=Together, before fees+0.301%+ Points / potential airdropVest: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.020% cheaper against Vest than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.199%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest QQQ-USD-PERP | 742.99 | 0.0046 | pay 0.0006% / 1h | 28m 18s | — | $337K | 50x |
| Short | Coinbase International QQQ-PERP-INTX | 741.36 | 0.0016 | get 0.0002% / 1h | 28m 18s | $1.2M | $547K | 20x |
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Vest. 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
- −$6.23
- Price spread: −0.219% → −0.199%
- −$2.02
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$20.25
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.
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 Vest no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 5 min ago | 0.14 bp | 6.3 bp −$6 | 8.0 bp −$80 | 45.2 bp −$4,521 | doesn't fit |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 −0.0161% / S +0.0252% | 1h | 742.02 | −0.130% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0022% | 8h | 741.38 | −0.217% | $3.3M | $21.5M | 50x | as long as short |
| BloFin QQQ-USDT | −0.0009% | 8h | 741.84 | −0.155% | $1.1M | $278K | 20x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0001% | 1h | 740.66 | −0.314% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.00 | −0.134% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.04 | −0.128% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.80 | −0.160% | $21.4M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.84 | −0.154% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.26 | −0.098% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.69 | −0.176% | $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
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.61 | −0.051% | $1K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.56 | −0.058% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.41 | −0.078% | $365K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.02 | −0.131% | $70.1M | $144.5M | 25x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0016% | 1h | 741.36 | −0.219% | $1.2M | $547K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 741.86 | −0.152% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.28 | −0.096% | $37.0M | $80.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.05 | −0.261% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERPlong | +0.0046% | 1h | 742.99 | long leg | — | $337K | 50x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0074% | 1h | 741.84 | −0.155% | $424K | $154K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.59 | −0.188% | $3.4M | $354K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.39 | −0.215% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.78 | −0.163% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.25 | −0.234% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0115% | 8h | 741.97 | −0.137% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0134% | 1h | 741.63 | −0.183% | $1.5M | $764K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.41 | −0.213% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0956% | 4h | 741.64 | −0.181% | $758K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC