Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.027%
Price spread now: Gate against BloFin−0.082%768s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.357% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 3 days (all we have)+0.035%+$4 · spread now −0.082%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.055% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.121%, so the current rate has only just turned against you. The two prices were read 768 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin QQQ-USDT | 744.31 | 0.0026 | pay 0.0026% / 8h | 6h 36m | $1.1M | $319K | 20x |
| Short | Gate QQQ_USDT | 743.70 | 0 | get 0.0000% / 8h | 6h 36m | $3.2M | $21.6M | 50x |
BloFin QQQ-USDT
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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
- −$5.37
- Price spread: −0.082% → −0.027%
- −$5.48
- Slippage, 4 orders
- −$8.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$46.57
- Costs to cover
- 0.357%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 16 min ago; Gate: live order book, 3 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 BloFin live order book, 16 min ago | 0.07 bp | 6.1 bp −$6 | 6.4 bp −$64 | 8.5 bp −$852 | 17.7 bp −$8,831 |
| Sell Gate live order book, 3 min ago | 3.03 bp | 12.0 bp −$12 | 17.0 bp −$170 | 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 | −0.0165% | 1h | 742.89 | −0.191% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0097% / S +0.0202% | 1h | 744.07 | −0.033% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.03 | −0.038% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.91 | −0.054% | $21.5M | $25.5M | 50x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 743.70 | −0.082% | $3.2M | $21.6M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 744.46 | +0.020% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.08 | −0.031% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.20 | −0.015% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0010% | 8h | 744.12 | −0.026% | $841K | $712K | 20x | as long as short |
| BloFin QQQ-USDTlong | +0.0026% | 8h | 744.31 | long leg | $1.1M | $319K | 20x |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.86 | −0.060% | $7.8M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.30 | −0.001% | $37.3M | $79.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.14 | −0.157% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.08 | +0.103% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 743.40 | −0.122% | $1.2M | $536K | 20x | as long as short |
| Variational Omni QQQ | +0.0062% | 8h | 743.95 | −0.048% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDT | +0.0070% | 8h | 744.13 | −0.024% | $16.9M | $5.9M | 20x | as long as short |
| Binance QQQUSDT | +0.0087% | 8h | 744.07 | −0.032% | $71.1M | $147.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.84 | −0.063% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.71 | −0.081% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.81 | −0.067% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.30 | −0.136% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 743.62 | −0.093% | $1.5M | $1.0M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0153% | 1h | 743.88 | −0.058% | $425K | $148K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.02 | −0.039% | $5.4M | $8.1M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.66 | −0.087% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0230% | 8h | 744.26 | −0.006% | $318K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0751% | 4h | 743.92 | −0.052% | $761K | $334K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Bitget QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC