Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.007%
Price spread now: OKX against Arcus+0.074%7-day average +0.150% · 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−$29as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Funding, last 4 days (all we have)−0.025%−$3 on $10k
+Price spread, last 7 days+0.004%$0 · spread now +0.074%, 7d avg +0.150%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.076% cheaper against Arcus than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.150%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 742.03 | 0.0040 | pay 0.0005% / 1h | 4m 05s | $704K | $1.6M | 25x |
| Short | OKX QQQ-USDT-SWAP | 742.58 | 0 | get 0.0000% / 8h | 3h 04m | $21.6M | $27.4M | 50x |
Arcus QQQ-USD
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.074% → +0.150%
- −$7.6
- Slippage, 4 orders
- −$7.32
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$37.88
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 1.08 bp | 4.9 bp −$5 | 7.7 bp −$77 | 26.4 bp −$2,638 | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.07 bp | 5.1 bp −$5 | 6.9 bp −$69 | 13.2 bp −$1,323 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0141% / S +0.0237% | 1h | 742.84 | +0.108% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0010% | 1h | 741.70 | −0.044% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.84 | +0.109% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.83 | +0.108% | $70.1M | $143.8M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.82 | +0.106% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 742.58 | +0.074% | $21.6M | $27.4M | 50x | |
| Gate QQQ_USDT | 0.0000% | 8h | 742.17 | +0.019% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.89 | +0.116% | $16.7M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.76 | +0.098% | $17.1M | $7.2M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.29 | +0.170% | $1K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.46 | +0.058% | $424K | $151K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.27 | +0.032% | $1.2M | $538K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.85 | +0.111% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.07 | +0.140% | $362K | $1.6M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 742.89 | +0.116% | $5.4M | $7.2M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0022% | 8h | 742.86 | +0.112% | $1.1M | $246K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.66 | +0.085% | $7.7M | $15.9M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.07 | +0.140% | $37.0M | $79.6M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 742.03 | long leg | $704K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.73 | +0.229% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0073% | 8h | 742.97 | +0.127% | $320K | $1.9M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.50 | +0.063% | $3.4M | $343K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.35 | +0.043% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.58 | +0.074% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.06 | +0.004% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0105% | 1h | 742.36 | +0.045% | $1.5M | $763K | 20x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 742.50 | +0.063% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0178% | 4h | 742.80 | +0.104% | $759K | $334K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC