Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Binance−0.008%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.008%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 743.31 | 0.0006 | pay 0.0006% / 8h | 3h 40m | $70.8M | $141.2M | 25x |
| Short | BloFin QQQ-USDT | 743.25 | 0.0021 | get 0.0021% / 8h | 3h 40m | $1.1M | $256K | 20x |
Binance QQQUSDT
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.09
- Price spread: −0.008% → −0.003%
- −$0.54
- Slippage, 4 orders
- −$0.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$19.96
- Costs to cover
- 0.225%
- Break-even
- 52.2 days
Slippage from Binance: live order book, 2 min ago; BloFin: 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, 2 min ago | 0.07 bp | 5.1 bp −$5 | 5.2 bp −$52 | 10.0 bp −$1,003 | 25.8 bp −$12.9K |
| Sell BloFin live order book, 2 min ago | 0.07 bp | 6.3 bp −$6 | 7.2 bp −$72 | 10.1 bp −$1,009 | 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 −0.0133% / S +0.0231% | 1h | 743.36 | +0.006% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0043% | 1h | 742.40 | −0.122% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.24 | −0.010% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.24 | −0.009% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.12 | −0.026% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.88 | −0.058% | $3.3M | $20.9M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.70 | +0.052% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.22 | −0.011% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.81 | +0.067% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.64 | −0.090% | $1.2M | $536K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTXShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 743.57 | +0.035% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.67 | +0.048% | $360K | $1.6M | 10x | as long as short |
| Binance QQQUSDTlong | +0.0006% | 8h | 743.31 | long leg | $70.8M | $141.2M | 25x | |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.38 | +0.010% | $5.4M | $7.3M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 743.08 | −0.031% | $424K | $150K | 20x | as long as short |
| BloFin QQQ-USDTshort | +0.0021% | 8h | 743.25 | −0.008% | $1.1M | $256K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 743.17 | −0.019% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.57 | +0.035% | $37.0M | $78.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.76 | −0.074% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.39 | +0.145% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0076% | 8h | 743.87 | +0.075% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0089% | 1h | 743.28 | −0.004% | $1.5M | $773K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.06 | −0.034% | $3.4M | $340K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.28 | −0.004% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.08 | −0.031% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.54 | −0.104% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.10 | −0.028% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0798% | 4h | 743.49 | +0.024% | $760K | $333K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC