Funding you earn now, next payment 10:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.006%
Price spread now: Arcus against Deribit−0.076%7-day average −0.084% · 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−$19as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 4 days (all we have)−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.076%, 7d avg −0.084%
=The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 741.67 | 0.0101 | pay 0.0013% / 1h | 56m 58s | $424K | $125K | 20x |
| Short | Arcus QQQ-USD | 741.11 | 0.0040 | get 0.0005% / 1h | 56m 58s | $647K | $1.4M | 25x |
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Deribit. 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
- −$12.68
- Price spread: −0.076% → −0.084%
- $0.85
- Slippage, 4 orders
- −$8.41
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$31.75
- Costs to cover
- 0.199%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 37 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 Deribit live order book, 37 min ago | 0.07 bp | 3.6 bp −$4 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 2 min ago | 0.61 bp | 4.9 bp −$5 | 5.1 bp −$51 | 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 −0.0191% / S +0.0276% | 1h | 742.04 | +0.051% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0028% | 1h | 740.71 | −0.129% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 741.88 | +0.028% | $1.1M | $281K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.01 | +0.046% | $857K | $902K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.07 | +0.054% | $21.6M | $30.1M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.77 | +0.014% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.51 | −0.022% | $3.4M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.36 | +0.093% | $16.5M | $5.2M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.54 | +0.117% | $2K | $1.6M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.48 | +0.109% | $251K | $38K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 742.33 | +0.089% | $361K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0027% | 8h | 741.87 | +0.027% | $16.7M | $7.2M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.80 | +0.018% | $7.6M | $14.7M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 741.51 | −0.022% | $1.2M | $509K | 20x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 742.21 | +0.073% | $38.3M | $76.7M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 741.11 | −0.076% | $647K | $1.4M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.87 | +0.162% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0054% | 8h | 742.24 | +0.077% | $71.0M | $141.9M | 25x | as long as short |
| Bybit QQQUSDT | +0.0084% | 8h | 742.40 | +0.098% | $10.7M | $5.0M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.61 | −0.008% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.48 | −0.026% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.79 | +0.016% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0101% | 1h | 741.67 | long leg | $424K | $125K | 20x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.25 | −0.056% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0156% | 1h | 741.46 | −0.028% | $1.6M | $754K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 741.73 | +0.008% | $38K | $59K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0282% | 8h | 742.11 | +0.059% | $315K | $2.0M | 10x | as long as short |
| edgeX QQQUSDC | +0.0446% | 4h | 742.01 | +0.046% | $759K | $334K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Lighter RH QQQ
Vest QQQ-USD-PERP
Binance QQQUSDT
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC