Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%
Price spread now: Coinbase International against Deribit+0.048%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$210.209% of the position
Funding, last 5 days (all we have)+0.047%+$5 on $10k
+Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.048%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.054% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 743.88 | 0.0046 | pay 0.0006% / 1h | 21m 47s | $425K | $147K | 20x |
| Short | Coinbase International QQQ-PERP-INTX | 744.24 | 0.0064 | get 0.0008% / 1h | 21m 47s | $1.2M | $550K | 20x |
Deribit QQQ_USDC-PERPETUAL
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $3.82
- Price spread: +0.048% → −0.005%
- $5.36
- Slippage, 4 orders
- −$3.92
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$11.75
- Costs to cover
- 0.209%
- Break-even
- 28.6 days
Slippage from Deribit: live order book, 52 min ago; Coinbase International: 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, 52 min ago | 1.28 bp | 4.8 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 0.07 bp | 6.3 bp −$6 | 7.5 bp −$75 | 46.3 bp −$4,626 | 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 | −0.0339% | 1h | 742.93 | −0.128% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0087% / S +0.0195% | 1h | 744.21 | +0.044% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0001% | 8h | 744.17 | +0.039% | $1.1M | $318K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.23 | +0.047% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.00 | +0.016% | $21.4M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.88 | 0.000% | $3.2M | $28.0M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.75 | +0.117% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.207% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.50 | +0.083% | $362K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0004% | 8h | 744.18 | +0.040% | $841K | $714K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
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 | 744.03 | +0.020% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.33 | +0.060% | $37.3M | $80.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.60 | −0.038% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.74 | +0.116% | — | $306K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0046% | 1h | 743.88 | long leg | $425K | $147K | 20x | |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | +0.113% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0064% | 1h | 744.24 | +0.048% | $1.2M | $550K | 20x | |
| Binance QQQUSDT | +0.0081% | 8h | 744.24 | +0.048% | $71.1M | $152.1M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.91 | +0.004% | $3.4M | $411K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.53 | +0.087% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.97 | +0.012% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0103% | 1h | 743.85 | −0.004% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.43 | −0.061% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0172% | 8h | 744.27 | +0.052% | $16.9M | $6.2M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.23 | +0.047% | $5.4M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.20 | +0.043% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0318% | 8h | 744.89 | +0.136% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0971% | 4h | 744.68 | +0.107% | $761K | $336K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC