Funding you earn now, next payment 04:00 UTC+0.0938%/8h= +102.8% APRpaid last 24h +0.057%
Price spread now: edgeX against Coinbase International+0.096%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.096%, 7d avg +0.046%
=Together, before fees−0.301%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and edgeX is 0.050% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 742.64 | 0 | get 0.0000% / 1h | 39m 32s | $1.2M | $536K | 20x |
| Short | edgeX QQQUSDC | 743.35 | 0.0938 | get 0.0469% / 4h | 3h 39m | $760K | $334K | 20x |
Coinbase International QQQ-PERP-INTX
edgeX QQQUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $197.07
- Price spread: +0.096% → +0.046%
- $4.98
- Slippage, 4 orders
- −$9.09
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $173.97
- Costs to cover
- 0.281%
- Break-even
- 0.8 days
Slippage from Coinbase International: live order book, 4 min ago; edgeX: live order book, 14 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, 4 min ago | 0.07 bp | 5.3 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 14 min ago | 4.10 bp | 8.7 bp −$9 | 9.7 bp −$97 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0133% / S +0.0231% | 1h | 743.29 | +0.088% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0041% | 1h | 742.40 | −0.032% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.15 | +0.069% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.09 | +0.061% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.01 | +0.050% | $21.4M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.88 | +0.032% | $3.3M | $20.9M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.36 | +0.097% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.22 | +0.079% | $17.1M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.77 | +0.152% | $2K | $1.9M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTXlong | 0.0000% | 1h | 742.64 | long leg | $1.2M | $536K | 20x |
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-USDTShow 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 | +0.125% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.45 | +0.109% | $359K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0006% | 8h | 743.20 | +0.075% | $70.8M | $141.2M | 25x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.29 | +0.087% | $5.4M | $7.3M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 743.04 | +0.054% | $424K | $150K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0021% | 8h | 743.25 | +0.082% | $1.1M | $256K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.10 | +0.062% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.50 | +0.116% | $37.0M | $78.7M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.68 | +0.005% | $702K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.31 | +0.225% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0072% | 8h | 743.44 | +0.108% | $315K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0090% | 1h | 742.97 | +0.045% | $1.5M | $771K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.97 | +0.044% | $3.4M | $339K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.28 | +0.086% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.02 | +0.051% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.46 | −0.024% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.10 | +0.062% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDCshort | +0.0938% | 4h | 743.35 | +0.096% | $760K | $334K | 20x |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUAL
BloFin QQQ-USDT
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