Funding you earn now, next payment 01:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h −0.016%
Price spread now: Arcus against Binance−0.145%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 3 days (all we have)+0.099%+$10 on $10k
+Price spread, last 2 days (all we have)−0.038%−$4 · spread now −0.145%, 7d avg −0.125%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Arcus is 0.020% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.125%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.099%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 744.47 | 0.0070 | pay 0.0070% / 8h | 7h 47m | $71.0M | $155.1M | 25x |
| Short | Arcus QQQ-USD | 743.39 | 0.0040 | get 0.0005% / 1h | 47m 12s | $747K | $1.5M | 25x |
Binance QQQUSDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$6.2
- Price spread: −0.145% → −0.125%
- −$2.01
- Slippage, 4 orders
- −$7.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$30.15
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Arcus: live order book, 2 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, 11 min ago | 0.07 bp | 5.1 bp −$5 | 6.2 bp −$62 | 12.3 bp −$1,225 | 31.4 bp −$15.7K |
| Sell Arcus live order book, 2 min ago | 1.21 bp | 5.2 bp −$5 | 9.8 bp −$98 | doesn't fit | 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 | −0.0371% | 1h | 742.44 | −0.273% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0082% / S +0.0191% | 1h | 744.50 | +0.005% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0022% | 8h | 744.06 | −0.055% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.87 | −0.081% | $841K | $760K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.33 | −0.019% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.11 | −0.048% | $3.2M | $26.6M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.90 | +0.058% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.80 | +0.044% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.78 | +0.042% | $360K | $1.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0005% | 1h | 744.12 | −0.047% | $425K | $147K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.25 | −0.030% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.59 | +0.016% | $37.4M | $79.0M | 50x | as long as short |
| Variational Omni QQQ | +0.0039% | 8h | 743.94 | −0.071% | $17.1M | $10.8M | — | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.39 | −0.145% | $747K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.94 | +0.063% | — | $336K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.73 | −0.099% | $1.2M | $625K | 20x | as long as short |
| Binance QQQUSDTlong | +0.0070% | 8h | 744.47 | long leg | $71.0M | $155.1M | 25x | |
| Bybit QQQUSDT | +0.0079% | 8h | 744.63 | +0.021% | $10.7M | $4.9M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.00 | −0.063% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.83 | −0.086% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.17 | −0.040% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.69 | −0.104% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0112% | 1h | 743.99 | −0.064% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0178% | 8h | 744.50 | +0.004% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.47 | 0.000% | $5.5M | $9.0M | 25x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0219% | 8h | 744.39 | −0.011% | $327K | $1.8M | 10x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.91 | −0.075% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0995% | 4h | 744.25 | −0.029% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC