Funding you earn now, next payment 00:00 UTC+0.0101%/8h= +11.1% APRnext payment +$1.01 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against OKX+0.031%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now +0.031%, 7d avg +0.012%
=The price spread sits at its 7-day average of +0.012%, 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 | OKX QQQ-USDT-SWAP | 743.40 | 0 | get 0.0000% / 8h | 14m 00s | $21.5M | $27.6M | 50x |
| Short | Bybit QQQUSDT | 743.63 | 0.0101 | get 0.0101% / 8h | 14m 00s | $10.7M | $5.2M | 50x |
OKX QQQ-USDT-SWAP
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $21.21
- Price spread: +0.031% → +0.012%
- $1.86
- Slippage, 4 orders
- −$4.44
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2.37
- Costs to cover
- 0.254%
- Break-even
- 7.8 days
Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 4 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 OKX live order book, 5 min ago | 0.07 bp | 5.1 bp −$5 | 5.6 bp −$56 | 12.2 bp −$1,219 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.07 bp | 7.7 bp −$8 | 9.7 bp −$97 | 44.0 bp −$4,397 | 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 −0.0077% / S +0.0186% | 1h | 743.60 | +0.026% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0042% | 1h | 742.08 | −0.178% | $4.2M | $2.1M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0011% | 8h | 743.09 | −0.042% | $1.1M | $320K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.36 | −0.005% | $845K | $783K | 20x | as long as short |
| OKX QQQ-USDT-SWAPlong | 0.0000% | 8h | 743.40 | long leg | $21.5M | $27.6M | 50x | |
| Gate QQQ_USDT | 0.0000% | 8h | 743.20 | −0.027% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.03 | +0.085% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.15 | −0.034% | $257K | $25K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.98 | +0.078% | $364K | $1.4M | 10x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.69 | +0.039% | $37.5M | $80.6M | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Lighter RH QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus QQQ-USD | +0.0040% | 1h | 742.87 | −0.071% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.00 | +0.081% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.47 | +0.009% | $17.6M | $10.3M | — | as long as short |
| Lighter QQQ | +0.0064% | 1h | 743.37 | −0.004% | $7.6M | $20.9M | 30x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.85 | −0.074% | $1.2M | $865K | 20x | as long as short |
| Binance QQQUSDT | +0.0076% | 8h | 743.58 | +0.024% | $71.1M | $160.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.05 | −0.047% | $3.4M | $415K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.10 | −0.040% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.23 | −0.023% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDTshort | +0.0101% | 8h | 743.63 | +0.031% | $10.7M | $5.2M | 50x | |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.85 | −0.074% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0172% | 1h | 743.06 | −0.046% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0181% | 8h | 743.61 | +0.028% | $16.9M | $7.0M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0191% | 8h | 743.70 | +0.040% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.68 | +0.037% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.10 | −0.040% | $38K | $73K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0288% | 1h | 743.38 | −0.003% | $425K | $157K | 20x | as long as short |
| edgeX QQQUSDC | +0.0915% | 4h | 743.51 | +0.015% | $760K | $337K | 20x | as long as short |
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Lighter QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC