Funding you earn now, next payment 08:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h +0.010%
Price spread now: BloFin against Deribit−0.034%57s7-day average +0.046% · 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—prices read too far apart to compare
costs, in and out, $10k−$220.220% of the position
Funding, last 5 days (all we have)−0.186%−$19 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.034%, 7d avg +0.046%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.080% cheaper against Deribit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 57 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 | Deribit QQQ_USDC-PERPETUAL | 741.59 | 0.0182 | pay 0.0023% / 1h | 6m 03s | $424K | $156K | 20x |
| Short | BloFin QQQ-USDT | 741.34 | −0.0019 | pay 0.0019% / 8h | 6m 03s | $1.1M | $274K | 20x |
Deribit QQQ_USDC-PERPETUAL
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$42.12
- Price spread: −0.034% → +0.046%
- −$7.97
- Slippage, 4 orders
- −$3.04
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$72.12
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 33 min ago; BloFin: live order book, 1 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, 33 min ago | 0.07 bp | 3.6 bp −$4 | 4.3 bp −$43 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 0.14 bp | 6.1 bp −$6 | 6.6 bp −$66 | 11.3 bp −$1,127 | 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 −0.0178% / S +0.0265% | 1h | 741.85 | +0.034% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0118% | 1h | 740.71 | −0.119% | $4.2M | $1.8M | 20x | as long as short |
| Gate QQQ_USDT | −0.0094% | 8h | 741.27 | −0.043% | $3.3M | $21.7M | 50x | as long as short |
| BloFin QQQ-USDTshort | −0.0019% | 8h | 741.34 | −0.034% | $1.1M | $274K | 20x | |
| Aster QQQUSDT | 0.0000% | 8h | 741.82 | +0.032% | $824K | $864K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 741.73 | +0.019% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.62 | +0.004% | $21.5M | $28.4M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.62 | +0.003% | $5.4M | $5.9M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 741.94 | +0.047% | $16.5M | $5.3M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.57 | −0.002% | $16.8M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.04 | +0.061% | $2K | $1.7M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.03 | +0.059% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.13 | +0.073% | $358K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.19 | −0.054% | $1.2M | $487K | 20x | as long as short |
| Binance QQQUSDT | +0.0025% | 8h | 741.87 | +0.037% | $70.3M | $140.6M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.62 | +0.004% | $7.7M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.93 | +0.046% | $37.4M | $81.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.84 | −0.101% | $647K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.70 | +0.150% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.39 | −0.027% | $3.4M | $357K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.13 | −0.062% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.52 | −0.009% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.04 | −0.074% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0139% | 1h | 741.27 | −0.044% | $1.6M | $745K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0144% | 8h | 741.77 | +0.024% | $314K | $2.0M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0182% | 1h | 741.59 | long leg | $424K | $156K | 20x | |
| Phoenix QQQ | +0.0227% | 1h | 741.17 | −0.057% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0942% | 4h | 741.62 | +0.004% | $758K | $335K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC