Funding you earn now, next payment 00:00 UTC+0.0121%/8h= +13.2% APRnext payment +$1.21 per $10,000 · paid last 24h +0.013%
Price spread now: OKX against Binance+0.020%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$270.275% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 2 days (all we have)−0.025%−$3 · spread now +0.020%, 7d avg +0.049%
=Funding pays, the price is against you. OKX is 0.029% cheaper against Binance than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.049%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.062% in total) that is about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TQQQUSDT | 79.404 | −0.0141 | get 0.0141% / 8h | 17m 02s | $18.0M | $49.2M | 20x |
| Short | OKX TQQQ-USDT-SWAP | 79.420 | −0.0020 | pay 0.0020% / 8h | 17m 02s | $2.5M | $5.2M | 10x |
Binance TQQQUSDT
OKX TQQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- $25.35
- Price spread: +0.020% → +0.049%
- −$2.87
- Slippage, 4 orders
- −$7.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$5
- Costs to cover
- 0.275%
- Break-even
- 8.4 days
Slippage from Binance: live order book, 10 min ago; OKX: live order book, 1 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 Binance live order book, 10 min ago | 0.63 bp | 6.4 bp −$6 | 10.1 bp −$101 | 57.6 bp −$5,763 | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.63 bp | 7.8 bp −$8 | 32.3 bp −$323 | doesn't fit | doesn't fit |
TQQQ on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC TQQQ_USDT | −0.0142% | 8h | 79.410 | +0.007% | $1.6M | $264K | 20x | as long as short |
| Binance TQQQUSDTlong | −0.0141% | 8h | 79.404 | long leg | $18.0M | $49.2M | 20x | |
| BloFin TQQQ-USDT | −0.0128% | 8h | 79.390 | −0.018% | $162K | $30K | 20x | as long as short |
| GRVT TQQQ_USDT_Perp | −0.0027% | 8h | 79.390 | −0.018% | $2K | $104K | 10x | as long as short |
| OKX TQQQ-USDT-SWAPshort | −0.0020% | 8h | 79.420 | +0.020% | $2.5M | $5.2M | 10x | |
| KuCoin TQQQUSDTM | −0.0017% | 8h | 79.370 | −0.043% | $180K | $873K | 10x | as long as short |
| Aster TQQQUSDT | 0.0000% | 8h | 79.262 | −0.179% | $70K | $145K | 20x | as long as short |
| Bybit TQQQUSDT | 0.0000% | 8h | 79.440 | +0.045% | $3.1M | $6.5M | 25x | as long as short |
| Bitget TQQQUSDT | 0.0000% | 8h | 79.450 | +0.058% | $7.7M | $3.4M | 20x | as long as short |
| HTX TQQQ-USDT | 0.0000% | 8h | 79.390 | −0.018% | $13K | $4K | 10x | as long as short |
MEXC TQQQ_USDT
BloFin TQQQ-USDT
GRVT TQQQ_USDT_Perp
KuCoin TQQQUSDTM
Aster TQQQUSDT
Bybit TQQQUSDT
Bitget TQQQUSDT
HTX TQQQ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TQQQ_USDC_mythos | +0.0100% | 8h | 79.390 | −0.018% | $5 | — | 10x | as long as short |
Orderly PERP_TQQQ_USDC_mythos