Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.018%
Price spread now: Coinbase International against HTX−0.047%59s7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 3 days (all we have)+0.095%+$10 · spread now −0.047%, 7d avg −0.086%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.039% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.086%. The two prices were read 59 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 | HTX QQQ-USDT | 743.15 | 0 | get 0.0000% / 8h | 36m 22s | $257K | $26K | 30x |
| Short | Coinbase International QQQ-PERP-INTX | 742.80 | 0.0072 | get 0.0009% / 1h | 36m 22s | $1.2M | $866K | 20x |
HTX QQQ-USDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- $15.12
- Price spread: −0.047% → −0.086%
- $3.9
- Slippage, 4 orders
- −$6.33
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$9.31
- Costs to cover
- 0.283%
- Break-even
- 11.3 days
Slippage from HTX: live order book, 40 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 HTX live order book, 40 min ago | 2.69 bp | 8.7 bp −$9 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 0.07 bp | 5.6 bp −$6 | 7.3 bp −$73 | 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 −0.0072% / S +0.0183% | 1h | 743.36 | +0.028% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0020% | 8h | 743.09 | −0.008% | $1.1M | $468K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.35 | +0.027% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.19 | +0.005% | $21.6M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.82 | −0.044% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.78 | +0.085% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDTlong | 0.0000% | 8h | 743.15 | long leg | $257K | $26K | 30x | |
| Phemex QQQUSDT | 0.0000% | 8h | 743.66 | +0.069% | $361K | $1.4M | 10x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.58 | +0.058% | $37.5M | $79.4M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.78 | −0.050% | $695K | $1.5M | 25x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Phemex QQQUSDT
Lighter RH QQQ
Arcus QQQ-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.80 | +0.087% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 743.27 | +0.016% | $17.6M | $10.3M | — | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.07 | −0.145% | $4.2M | $2.1M | 20x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0072% | 1h | 742.80 | −0.047% | $1.2M | $866K | 20x | |
| Binance QQQUSDT | +0.0079% | 8h | 743.34 | +0.026% | $71.0M | $160.5M | 25x | as long as short |
| Lighter QQQ | +0.0080% | 1h | 743.20 | +0.007% | $7.6M | $20.9M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.90 | −0.034% | $3.4M | $423K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.83 | −0.043% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.12 | −0.004% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0101% | 8h | 743.39 | +0.032% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.62 | −0.071% | $92K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 743.07 | −0.011% | $424K | $173K | 20x | as long as short |
| Nado QQQ-PERP | +0.0181% | 1h | 742.89 | −0.035% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0190% | 8h | 743.33 | +0.024% | $16.9M | $7.1M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0192% | 8h | 743.51 | +0.048% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.46 | +0.042% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 742.83 | −0.043% | $38K | $73K | 20x | as long as short |
| edgeX QQQUSDC | +0.0234% | 4h | 743.27 | +0.016% | $760K | $336K | 20x | as long as short |
Vest QQQ-USD-PERP
Variational Omni QQQ
Ondo Perps QQQ-USD.P
Binance QQQUSDT
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
Nado QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
edgeX QQQUSDC