Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h +0.013%
Price spread now: BloFin against Coinbase International+0.022%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.022%, 7d avg +0.055%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 743.88 | 0.0064 | pay 0.0008% / 1h | 45m 11s | $1.2M | $581K | 20x |
| Short | BloFin QQQ-USDT | 744.04 | 0.0009 | get 0.0009% / 8h | 7h 45m | $1.0M | $318K | 20x |
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$11.52
- Price spread: +0.022% → +0.055%
- −$3.38
- Slippage, 4 orders
- −$3.73
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$40.64
- Costs to cover
- 0.257%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 1.08 bp | 6.1 bp −$6 | 7.7 bp −$77 | 42.0 bp −$4,201 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.07 bp | 6.1 bp −$6 | 6.5 bp −$65 | 10.4 bp −$1,044 | 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 | −0.0365% | 1h | 742.35 | −0.206% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0083% / S +0.0191% | 1h | 744.38 | +0.067% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.78 | −0.013% | $841K | $760K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.19 | +0.042% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.97 | +0.012% | $3.2M | $26.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.82 | +0.126% | $2K | $2.2M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.94 | +0.008% | $425K | $147K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.62 | +0.099% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.55 | +0.090% | $361K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDTshort | +0.0009% | 8h | 744.04 | +0.022% | $1.0M | $318K | 20x |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.12 | +0.032% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.44 | +0.075% | $37.3M | $79.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.47 | −0.055% | $747K | $1.5M | 25x | as long as short |
| Variational Omni QQQ | +0.0042% | 8h | 744.27 | +0.052% | $17.1M | $10.9M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.80 | +0.124% | — | $336K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | +0.0064% | 1h | 743.88 | long leg | $1.2M | $581K | 20x | |
| Binance QQQUSDT | +0.0072% | 8h | 744.38 | +0.067% | $71.0M | $154.9M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.93 | +0.007% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.97 | +0.012% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.11 | +0.031% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0104% | 8h | 744.48 | +0.081% | $10.7M | $4.9M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.51 | −0.049% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0118% | 1h | 743.83 | −0.006% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0181% | 8h | 744.41 | +0.071% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.34 | +0.062% | $5.5M | $9.0M | 25x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0219% | 8h | 744.39 | +0.068% | $327K | $1.8M | 10x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.91 | +0.004% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0995% | 4h | 744.25 | +0.050% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Variational Omni QQQ
Vest QQQ-USD-PERP
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC