Funding you earn now, next payment 08:00 UTC+0.0171%/8h= +18.7% APRnext payment +$1.71 per $10,000 · paid last 24h +0.056%
Price spread now: Binance against Gate−0.011%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1211.209% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.011%, 7d avg +0.043%
=Funding pays, the price is against you. Binance is 0.054% cheaper against Gate than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.043%). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.022% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SQQQ_USDT | 34.290 | 0 | get 0.0000% / 8h | 4h 44m | $1.1M | $1.3M | 20x |
| Short | Binance SQQQUSDT | 34.286 | 0.0171 | get 0.0171% / 8h | 4h 44m | $6.6M | $16.0M | 20x |
Gate SQQQ_USDT
Binance SQQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $35.82
- Price spread: −0.011% → +0.043%
- −$5.4
- Slippage, 4 orders
- −$95.95
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.53
- Costs to cover
- 1.209%
- Break-even
- 24.7 days
Slippage from Gate: live order book, 3 min ago; Binance: live order book, 12 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 Gate live order book, 3 min ago | 4.37 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.46 bp | 6.6 bp −$7 | 22.7 bp −$227 | 128.9 bp −$12.9K | 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 | 34.270 | −0.058% | $778K | $541K | 25x | as long as short |
| Gate SQQQ_USDTlong | 0.0000% | 8h | 34.290 | long leg | $1.1M | $1.3M | 20x | |
| Bitget SQQQUSDT | 0.0000% | 8h | 34.310 | +0.058% | $2.9M | $1.2M | 20x | as long as short |
| HTX SQQQ-USDT | 0.0000% | 8h | 34.310 | +0.058% | $8K | $1K | 10x | as long as short |
| GRVT SQQQ_USDT_Perp | +0.0038% | 8h | 34.300 | +0.028% | $4K | $110K | 10x | as long as short |
| OKX SQQQ-USDT-SWAP | +0.0095% | 8h | 34.300 | +0.029% | $801K | $1.6M | 20x | as long as short |
| KuCoin SQQQUSDTM | +0.0100% | 8h | 34.240 | −0.146% | $123K | $997K | 10x | as long as short |
| MEXC SQQQ_USDT | +0.0170% | 8h | 34.280 | −0.029% | $1.6M | $375K | 20x | as long as short |
| Binance SQQQUSDTshort | +0.0171% | 8h | 34.286 | −0.011% | $6.6M | $16.0M | 20x | |
| BloFin SQQQ-USDT | +0.0198% | 8h | 34.310 | +0.058% | $83K | $7K | 20x | as long as short |
Bybit SQQQUSDT
Bitget SQQQUSDT
HTX SQQQ-USDT
GRVT SQQQ_USDT_Perp
OKX SQQQ-USDT-SWAP
KuCoin SQQQUSDTM
MEXC SQQQ_USDT
BloFin SQQQ-USDT