Funding you earn now, next payment 08:00 UTC+0.0207%/8h= +22.7% APRnext payment +$2.07 per $10,000 · paid last 24h +0.014%
Price spread now: OKX against Bitget−0.029%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$460.465% of the position
Funding, last 7 days+0.135%+$14 on $10k
+Price spread, last 7 days+0.128%+$13 · spread now −0.029%, 7d avg +0.028%
=Funding pays, the price is against you. OKX is 0.057% cheaper against Bitget than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.028%). If the spread goes back, that is −$6 on $10k: about 22 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.135% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.135% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.07 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 | 34.530 | 0 | get 0.0000% / 8h | 2h 02m | $2.9M | $1.2M | 20x |
| Short | OKX SQQQ-USDT-SWAP | 34.520 | 0.0207 | get 0.0207% / 8h | 2h 02m | $831K | $1.8M | 20x |
Bitget SQQQUSDT
OKX SQQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $43.53
- Price spread: −0.029% → +0.028%
- −$5.74
- Slippage, 4 orders
- −$24.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$8.7
- Costs to cover
- 0.465%
- Break-even
- 8.4 days
Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 2.90 bp | 14.6 bp −$15 | 22.4 bp −$224 | 79.5 bp −$7,955 | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.45 bp | 8.0 bp −$8 | 197.2 bp −$1,972 | 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 | 34.520 | −0.029% | $781K | $562K | 25x | as long as short |
| Gate SQQQ_USDT | 0.0000% | 8h | 34.520 | −0.029% | $1.1M | $1.4M | 20x | as long as short |
| Bitget SQQQUSDTlong | 0.0000% | 8h | 34.530 | long leg | $2.9M | $1.2M | 20x | |
| HTX SQQQ-USDT | 0.0000% | 8h | 34.550 | +0.058% | $8K | $1K | 10x | as long as short |
| KuCoin SQQQUSDTM | +0.0100% | 8h | 34.510 | −0.058% | $123K | $965K | 10x | as long as short |
| GRVT SQQQ_USDT_Perp | +0.0170% | 8h | 34.490 | −0.116% | $4K | $111K | 10x | as long as short |
| OKX SQQQ-USDT-SWAPshort | +0.0207% | 8h | 34.520 | −0.029% | $831K | $1.8M | 20x | |
| MEXC SQQQ_USDT | +0.0360% | 8h | 34.520 | −0.029% | $1.7M | $378K | 20x | as long as short |
| Binance SQQQUSDT | +0.0361% | 8h | 34.528 | −0.006% | $6.9M | $17.4M | 20x | as long as short |
| BloFin SQQQ-USDT | +0.0388% | 8h | 34.540 | +0.029% | $84K | $7K | 20x | as long as short |
Bybit SQQQUSDT
Gate SQQQ_USDT
HTX SQQQ-USDT
KuCoin SQQQUSDTM
GRVT SQQQ_USDT_Perp
MEXC SQQQ_USDT
Binance SQQQUSDT
BloFin SQQQ-USDT