Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.88 per $10,000 · paid last 24h +0.026%
Price spread now: Binance against Gate+0.028%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$270.275% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 2 days (all we have)−0.013%−$1 · spread now +0.028%, 7d avg +0.046%
=The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QQQ_USDT | 743.80 | 0 | get 0.0000% / 8h | 6h 39m | $3.2M | $21.3M | 50x |
| Short | Binance QQQUSDT | 744.01 | 0.0088 | get 0.0088% / 8h | 6h 39m | $71.1M | $147.4M | 25x |
Gate QQQ_USDT
Binance QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $18.56
- Price spread: +0.028% → +0.046%
- −$1.81
- Slippage, 4 orders
- −$2.49
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$10.73
- Costs to cover
- 0.275%
- Break-even
- 11.0 days
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 3 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 Gate live order book, 4 min ago | 0.34 bp | 9.4 bp −$9 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 5.7 bp −$57 | 10.4 bp −$1,043 | 27.2 bp −$13.6K |
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 | −0.0171% | 1h | 743.00 | −0.108% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0096% / S +0.0202% | 1h | 744.08 | +0.037% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.94 | +0.019% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.84 | +0.005% | $21.5M | $25.5M | 50x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 743.80 | long leg | $3.2M | $21.3M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 744.58 | +0.105% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.32 | +0.070% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.26 | +0.062% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0012% | 8h | 744.07 | +0.036% | $841K | $712K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 743.84 | +0.005% | $425K | $148K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0026% | 8h | 744.31 | +0.069% | $1.1M | $319K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.80 | 0.000% | $7.7M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.26 | +0.062% | $37.3M | $79.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.19 | −0.082% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.10 | +0.175% | — | $356K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.05 | +0.034% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0065% | 8h | 744.04 | +0.032% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDT | +0.0082% | 8h | 744.07 | +0.036% | $16.9M | $5.9M | 20x | as long as short |
| Binance QQQUSDTshort | +0.0088% | 8h | 744.01 | +0.028% | $71.1M | $147.4M | 25x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.78 | −0.003% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.76 | −0.005% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.81 | +0.001% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.37 | −0.058% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0120% | 1h | 743.78 | −0.002% | $1.5M | $1.0M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.06 | +0.035% | $5.4M | $8.2M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.78 | −0.003% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0257% | 8h | 744.49 | +0.093% | $319K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0480% | 4h | 744.13 | +0.044% | $761K | $333K | 20x | as long as short |
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Bitget QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC