Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.020%
Price spread now: Arcus against Orderly−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Arcus is 0.038% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_QQQ_USDC_mythos | 744.08 | 0.0100 | pay 0.0100% / 8h | 7h 22m | $12K | $21K | 20x |
| Short | Arcus QQQ-USD | 743.80 | 0.0040 | get 0.0005% / 1h | 22m 43s | $748K | $1.5M | 25x |
Orderly PERP_QQQ_USDC_mythos
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Orderly. 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
- −$12.54
- Price spread: −0.038% → 0.000%
- −$3.76
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$26.8
- Costs to cover
- 0.105%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 1 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 1 min ago | 0.34 bp | 5.2 bp −$5 | 9.5 bp −$95 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0349% | 1h | 742.70 | −0.185% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0087% / S +0.0195% | 1h | 744.29 | +0.029% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0001% | 8h | 744.17 | +0.012% | $1.1M | $318K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.31 | +0.031% | $10.7M | $4.9M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.03 | −0.007% | $21.4M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.95 | −0.017% | $3.2M | $27.9M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.75 | +0.090% | $2K | $2.2M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.92 | −0.022% | $425K | $147K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.180% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.53 | +0.060% | $362K | $1.4M | 10x | 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
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster QQQUSDT | +0.0004% | 8h | 744.26 | +0.025% | $841K | $714K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.96 | −0.016% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.37 | +0.039% | $37.4M | $80.3M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.80 | −0.038% | $748K | $1.5M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.81 | +0.098% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | +0.086% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.24 | +0.022% | $1.2M | $550K | 20x | as long as short |
| Binance QQQUSDT | +0.0081% | 8h | 744.18 | +0.013% | $71.1M | $152.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.89 | −0.026% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.53 | +0.060% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythoslong | +0.0100% | 8h | 744.08 | long leg | $12K | $21K | 20x | |
| Nado QQQ-PERP | +0.0103% | 1h | 743.81 | −0.036% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.55 | −0.072% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0177% | 8h | 744.34 | +0.035% | $16.9M | $6.4M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.27 | +0.026% | $5.4M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.20 | +0.016% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0318% | 8h | 744.89 | +0.109% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0971% | 4h | 744.68 | +0.080% | $761K | $336K | 20x | as long as short |
Aster QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Nado QQQ-PERP
Aevo QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC