Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h +0.032%
Price spread now: Binance against OKX0.000%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now 0.000%, 7d avg −0.028%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.028% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SQQQ-USDT-SWAP | 34.470 | 0.0103 | pay 0.0103% / 8h | 3h 48m | $809K | $1.6M | 20x |
| Short | Binance SQQQUSDT | 34.470 | 0.0189 | get 0.0189% / 8h | 3h 48m | $6.7M | $16.1M | 20x |
OKX SQQQ-USDT-SWAP
Binance SQQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $18.04
- Price spread: 0.000% → −0.028%
- $2.85
- Slippage, 4 orders
- −$26.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$25.18
- Costs to cover
- 0.461%
- Break-even
- 16.8 days
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 7 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 OKX live order book, 3 min ago | 1.45 bp | 16.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.45 bp | 7.9 bp −$8 | 17.6 bp −$176 | 119.5 bp −$12.0K | 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 | 34.440 | −0.087% | $779K | $556K | 25x | as long as short |
| Gate SQQQ_USDT | 0.0000% | 8h | 34.490 | +0.058% | $1.1M | $1.3M | 20x | as long as short |
| Bitget SQQQUSDT | 0.0000% | 8h | 34.470 | 0.000% | $2.9M | $1.2M | 20x | as long as short |
| HTX SQQQ-USDT | 0.0000% | 8h | 34.460 | −0.029% | $8K | $1K | 10x | as long as short |
| GRVT SQQQ_USDT_Perp | +0.0021% | 8h | 34.392 | −0.226% | $4K | $110K | 10x | as long as short |
| KuCoin SQQQUSDTM | +0.0100% | 8h | 34.450 | −0.058% | $122K | $982K | 10x | as long as short |
| OKX SQQQ-USDT-SWAPlong | +0.0103% | 8h | 34.470 | long leg | $809K | $1.6M | 20x | |
| MEXC SQQQ_USDT | +0.0186% | 8h | 34.460 | −0.029% | $1.7M | $376K | 20x | as long as short |
| Binance SQQQUSDTshort | +0.0189% | 8h | 34.470 | 0.000% | $6.7M | $16.1M | 20x | |
| BloFin SQQQ-USDT | +0.0218% | 8h | 34.520 | +0.145% | $83K | $7K | 20x | as long as short |
Bybit SQQQUSDT
Gate SQQQ_USDT
Bitget SQQQUSDT
HTX SQQQ-USDT
GRVT SQQQ_USDT_Perp
KuCoin SQQQUSDTM
MEXC SQQQ_USDT
BloFin SQQQ-USDT