Funding you earn now, next payment 16:00 UTC−0.0144%/8h= −15.8% APRnext payment −$1.44 per $10,000 · paid last 24h −0.039%
Price spread now: OKX against Binance−0.029%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$350.345% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.029%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.057% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SQQQUSDT | 34.850 | 0.0301 | pay 0.0301% / 8h | 7h 43m | $7.3M | $18.2M | 20x |
| Short | OKX SQQQ-USDT-SWAP | 34.840 | 0.0157 | get 0.0157% / 8h | 7h 43m | $904K | $2.1M | 20x |
Binance SQQQUSDT
OKX SQQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$30.25
- Price spread: −0.029% → +0.028%
- −$5.65
- Slippage, 4 orders
- −$14.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$70.42
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; OKX: 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 Binance live order book, 13 min ago | 1.44 bp | 6.4 bp −$6 | 19.8 bp −$198 | 85.7 bp −$8,573 | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.87 bp | 9.4 bp −$9 | 180.7 bp −$1,807 | doesn't fit | doesn't fit |
SQQQ on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SQQQUSDT | 0.0000% | 8h | 34.840 | −0.029% | $790K | $576K | 25x | as long as short |
| Gate SQQQ_USDT | 0.0000% | 8h | 34.820 | −0.086% | $1.2M | $1.4M | 20x | as long as short |
| GRVT SQQQ_USDT_Perp | 0.0000% | 8h | 34.799 | −0.145% | $4K | $112K | 10x | as long as short |
| HTX SQQQ-USDT | 0.0000% | 8h | 34.840 | −0.029% | $8K | $1K | 10x | as long as short |
| Bitget SQQQUSDT | +0.0018% | 8h | 34.850 | 0.000% | $2.9M | $1.2M | 20x | as long as short |
| KuCoin SQQQUSDTM | +0.0100% | 8h | 34.820 | −0.086% | $126K | $915K | 10x | as long as short |
| OKX SQQQ-USDT-SWAPshort | +0.0157% | 8h | 34.840 | −0.029% | $904K | $2.1M | 20x | |
| BloFin SQQQ-USDT | +0.0285% | 8h | 34.810 | −0.115% | $88K | $7K | 20x | as long as short |
| Binance SQQQUSDTlong | +0.0301% | 8h | 34.850 | long leg | $7.3M | $18.2M | 20x | |
| MEXC SQQQ_USDT | +0.0302% | 8h | 34.830 | −0.057% | $1.7M | $296K | 20x | as long as short |
Bybit SQQQUSDT
Gate SQQQ_USDT
GRVT SQQQ_USDT_Perp
HTX SQQQ-USDT
Bitget SQQQUSDT
KuCoin SQQQUSDTM
BloFin SQQQ-USDT
MEXC SQQQ_USDT