Funding you earn now, next payment 16:00 UTC+0.0286%/8h= +31.4% APRnext payment +$2.86 per $10,000 · paid last 24h +0.046%
Price spread now: Binance against Bitget−0.029%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 7 days+0.083%+$8 · spread now −0.029%, 7d avg −0.001%
=Funding pays, the price is against you. Binance is 0.028% cheaper against Bitget than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of −0.001%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.114% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SQQQUSDT | 34.800 | 0.0016 | pay 0.0016% / 8h | 7h 54m | $2.9M | $1.2M | 20x |
| Short | Binance SQQQUSDT | 34.790 | 0.0302 | get 0.0302% / 8h | 7h 54m | $7.3M | $18.1M | 20x |
Bitget SQQQUSDT
Binance SQQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $60.13
- Price spread: −0.029% → −0.001%
- −$2.77
- Slippage, 4 orders
- −$21.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $13.46
- Costs to cover
- 0.439%
- Break-even
- 5.4 days
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 2 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 Bitget live order book, 3 min ago | 2.88 bp | 15.9 bp −$16 | 28.3 bp −$283 | 77.8 bp −$7,779 | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.44 bp | 6.4 bp −$6 | 14.6 bp −$146 | 163.3 bp −$16.3K | 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 | 34.800 | 0.000% | $790K | $575K | 25x | as long as short |
| Gate SQQQ_USDT | 0.0000% | 8h | 34.800 | 0.000% | $1.2M | $1.4M | 20x | as long as short |
| HTX SQQQ-USDT | 0.0000% | 8h | 34.770 | −0.086% | $8K | $1K | 10x | as long as short |
| Bitget SQQQUSDTlong | +0.0016% | 8h | 34.800 | long leg | $2.9M | $1.2M | 20x | |
| KuCoin SQQQUSDTM | +0.0100% | 8h | 34.780 | −0.057% | $124K | $918K | 10x | as long as short |
| OKX SQQQ-USDT-SWAP | +0.0157% | 8h | 34.800 | 0.000% | $900K | $2.0M | 20x | as long as short |
| BloFin SQQQ-USDT | +0.0296% | 8h | 34.820 | +0.057% | $88K | $7K | 20x | as long as short |
| MEXC SQQQ_USDT | +0.0300% | 8h | 34.810 | +0.029% | $1.7M | $295K | 20x | as long as short |
| Binance SQQQUSDTshort | +0.0302% | 8h | 34.790 | −0.029% | $7.3M | $18.1M | 20x | |
| GRVT SQQQ_USDT_Perp | +0.0367% | 8h | 34.724 | −0.220% | $4K | $111K | 10x | as long as short |
Bybit SQQQUSDT
Gate SQQQ_USDT
HTX SQQQ-USDT
KuCoin SQQQUSDTM
OKX SQQQ-USDT-SWAP
BloFin SQQQ-USDT
MEXC SQQQ_USDT
GRVT SQQQ_USDT_Perp