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Funding arb · Price arb /

SQQQ

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 16:00 UTC+0.0274%/8h= +30.0% APRnext payment +$2.74 per $10,000 · paid last 24h +0.060%
Price spread now: MEXC against Bitget−0.029%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Long on BitgetShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 7 days+0.083%+$8 · spread now −0.029%, 7d avg −0.005%
Together, before fees+0.249%+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.023% cheaper against Bitget than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of −0.005%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.166% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SQQQUSDT34.8900.0014pay 0.0014% / 8h7h 36m$2.9M$1.2M20x
ShortMEXC SQQQ_USDT34.8800.0288get 0.0288% / 8h7h 36m$1.7M$296K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$57.54
Price spread: −0.029% → −0.005%
−$2.35
Slippage, 4 orders
−$27.72
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
$15.47
Costs to cover
0.397%
Break-even
5.1 days
Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago2.87 bp12.8 bp −$1318.7 bp −$18764.2 bp −$6,420doesn't fit
Sell MEXC live order book, 5 min ago4.30 bp4.3 bp −$46.6 bp −$66130.5 bp −$13.1K247.7 bp −$123.9K

SQQQ on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SQQQUSDT0.0000%8h34.870−0.057%$791K$576K25xas long as short
Gate SQQQ_USDT0.0000%8h34.900+0.029%$1.2M$1.4M20xas long as short
GRVT SQQQ_USDT_Perp0.0000%8h34.860−0.085%$4K$112K10xas long as short
HTX SQQQ-USDT0.0000%8h34.910+0.057%$8K$1K10xas long as short
Bitget SQQQUSDTlong+0.0014%8h34.890long leg$2.9M$1.2M20x
KuCoin SQQQUSDTM+0.0100%8h34.870−0.057%$127K$909K10xas long as short
OKX SQQQ-USDT-SWAP+0.0151%8h34.900+0.029%$927K$2.1M20xas long as short
Binance SQQQUSDT+0.0287%8h34.900+0.029%$7.3M$18.2M20xas long as short
MEXC SQQQ_USDTshort+0.0288%8h34.880−0.029%$1.7M$296K20x
BloFin SQQQ-USDT+0.0301%8h34.870−0.057%$88K$7K20xas long as short