Funding you earn now, next payment 08:00 UTC−0.0987%/8h= −108.1% APRpaid last 24h −0.062%
Price spread now: OKX against edgeX−0.014%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.275% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.014%, 7d avg +0.009%
=Together, before fees−0.036%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and OKX is 0.023% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% 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 | edgeX QQQUSDC | 743.21 | 0.0987 | pay 0.0494% / 4h | 2h 08m | $760K | $334K | 20x |
| Short | OKX QQQ-USDT-SWAP | 743.10 | 0 | get 0.0000% / 8h | 2h 08m | $21.5M | $28.3M | 50x |
edgeX QQQUSDC
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against edgeX. 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
- −$207.3
- Price spread: −0.014% → +0.009%
- −$2.28
- Slippage, 4 orders
- −$8.54
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$237.12
- Costs to cover
- 0.275%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 40 min ago; OKX: live order book, 5 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 edgeX live order book, 40 min ago | 4.11 bp | 8.7 bp −$9 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.07 bp | 5.1 bp −$5 | 6.3 bp −$63 | 13.9 bp −$1,391 | 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 −0.0152% / S +0.0246% | 1h | 743.35 | +0.019% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0004% | 8h | 742.84 | −0.049% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.88 | −0.043% | $824K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 743.16 | −0.006% | $70.0M | $145.1M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.22 | +0.002% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 743.10 | −0.014% | $21.5M | $28.3M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.38 | +0.023% | $5.4M | $6.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.59 | −0.083% | $3.3M | $21.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.26 | +0.007% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.18 | −0.003% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
RISEx QQQ/USDC
Gate QQQ_USDT
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 | 743.76 | +0.075% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.77 | −0.059% | $1.2M | $541K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.39 | +0.025% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.65 | +0.060% | $360K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0001% | 1h | 742.06 | −0.154% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.96 | −0.033% | $7.6M | $15.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.34 | +0.018% | $36.9M | $80.9M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.15 | −0.142% | $689K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.28 | +0.145% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0095% | 8h | 743.38 | +0.024% | $316K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.88 | −0.044% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.75 | −0.061% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.04 | −0.022% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.59 | −0.083% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.92 | −0.039% | $1.5M | $748K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.54 | −0.090% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 743.08 | −0.017% | $424K | $152K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0987% | 4h | 743.21 | long leg | $760K | $334K | 20x |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL