Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.005%
Price spread now: Aster against Arcus+0.080%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 4 days (all we have)−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.080%, 7d avg +0.130%
=Together, before fees−0.004%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.050% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.130%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 743.65 | 0.0040 | pay 0.0005% / 1h | 12m 05s | $698K | $1.6M | 25x |
| Short | Aster QQQUSDT | 744.25 | 0 | get 0.0000% / 8h | 4h 12m | $841K | $714K | 20x |
Arcus QQQ-USD
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Arcus. 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
- −$8.46
- Price spread: +0.080% → +0.130%
- −$5.01
- Slippage, 4 orders
- −$8.14
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$34.12
- Costs to cover
- 0.206%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 2 min ago; Aster: live order book, 46 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 Arcus live order book, 2 min ago | 0.74 bp | 4.0 bp −$4 | 6.6 bp −$66 | 24.2 bp −$2,417 | doesn't fit |
| Sell Aster live order book, 46 min ago | 0.81 bp | 4.9 bp −$5 | 6.4 bp −$64 | 26.6 bp −$2,657 | doesn't fit |
QQQ on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0137% | 1h | 743.24 | −0.055% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0127% / S +0.0226% | 1h | 744.25 | +0.080% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0002% | 8h | 744.15 | +0.067% | $1.1M | $261K | 20x | as long as short |
| Aster QQQUSDTshort | 0.0000% | 8h | 744.25 | +0.080% | $841K | $714K | 20x | |
| Bybit QQQUSDT | 0.0000% | 8h | 744.26 | +0.082% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.08 | +0.058% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.35 | +0.095% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.70 | +0.007% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.36 | +0.095% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.30 | +0.088% | $17.1M | $7.4M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.141% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.65 | +0.134% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.57 | +0.124% | $363K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | +0.020% | $1.2M | $536K | 20x | as long as short |
| Binance QQQUSDT | +0.0026% | 8h | 744.24 | +0.079% | $71.0M | $141.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.10 | +0.061% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 743.65 | long leg | $698K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.21 | +0.210% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.52 | +0.117% | $37.0M | $79.7M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0086% | 1h | 744.02 | +0.050% | $425K | $150K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0092% | 8h | 744.39 | +0.099% | $324K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0094% | 1h | 743.90 | +0.034% | $1.5M | $839K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.97 | +0.043% | $3.4M | $362K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.90 | +0.034% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.99 | +0.046% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.43 | −0.030% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.94 | +0.039% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0627% | 4h | 744.18 | +0.072% | $761K | $336K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Vest QQQ-USD-PERP
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC