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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−0.0302%/8h= −33.1% APRnext payment −$3.02 per $10,000 · paid last 24h −0.078%
Price spread now: Bybit against MEXC−0.029%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Long on MEXCShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.087%−$9 on $10k
Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.029%, 7d avg −0.012%
Together, before fees−0.240%−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.02 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
LongMEXC SQQQ_USDT34.8200.0302pay 0.0302% / 8h7h 43m$1.7M$296K20x
ShortBybit SQQQUSDT34.8100get 0.0000% / 8h7h 43m$789K$576K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$63.42
Price spread: −0.029% → −0.012%
−$1.72
Slippage, 4 orders
−$41.95
Fee MEXC: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$118.08
Costs to cover
0.529%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 51 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 MEXC live order book, 2 min ago5.75 bp6.4 bp −$69.5 bp −$95117.1 bp −$11.7K266.3 bp −$133.2K
Sell Bybit live order book, 51 min ago2.88 bp20.6 bp −$21doesn't fitdoesn't fitdoesn't fit

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 SQQQUSDTshort0.0000%8h34.810−0.029%$789K$576K25x
Gate SQQQ_USDT0.0000%8h34.810−0.029%$1.2M$1.4M20xas long as short
HTX SQQQ-USDT0.0000%8h34.840+0.057%$8K$1K10xas long as short
Bitget SQQQUSDT+0.0018%8h34.810−0.029%$2.9M$1.2M20xas long as short
KuCoin SQQQUSDTM+0.0100%8h34.810−0.029%$126K$916K10xas long as short
GRVT SQQQ_USDT_Perp+0.0154%8h34.799−0.059%$4K$112K10xas long as short
OKX SQQQ-USDT-SWAP+0.0156%8h34.840+0.057%$904K$2.1M20xas long as short
Binance SQQQUSDT+0.0301%8h34.830+0.029%$7.3M$18.1M20xas long as short
MEXC SQQQ_USDTlong+0.0302%8h34.820long leg$1.7M$296K20x
BloFin SQQQ-USDT+0.0304%8h34.790−0.086%$87K$7K20xas long as short