Funding you earn now, next payment 04:00 UTC+0.0315%/8h= +34.4% APRnext payment +$0.39 per $10,000 · paid last 24h −0.042%
Price spread now: Deribit against RISEx−0.016%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Funding, last 4 days (all we have)−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.016%, 7d avg −0.085%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.070% dearer against RISEx than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.085%. Mind the row above: over the last 4 days funding on this pair cost −0.089%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.089% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. 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 | RISEx QQQ/USDC | 744.52 | 0 | get 0.0000% / 1h | 34m 10s | $5.4M | $7.5M | 25x |
| Short | Deribit QQQ_USDC-PERPETUAL | 744.40 | 0.0315 | get 0.0039% / 1h | 34m 10s | $425K | $149K | 20x |
RISEx QQQ/USDC
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against RISEx. 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
- $66.05
- Price spread: −0.016% → −0.085%
- $6.96
- Slippage, 4 orders
- −$4.66
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $55.35
- Costs to cover
- 0.177%
- Break-even
- 1.1 days
Slippage from RISEx: live order book, 5 min ago; Deribit: live order book, 25 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 RISEx live order book, 5 min ago | 0.34 bp | 3.3 bp −$3 | 4.2 bp −$42 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 25 min ago | 0.07 bp | 7.4 bp −$7 | 9.3 bp −$93 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0145% | 1h | 743.21 | −0.176% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0122% / S +0.0222% | 1h | 744.47 | −0.007% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.44 | −0.010% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.30 | −0.029% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.29 | −0.031% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDClong | 0.0000% | 1h | 744.52 | long leg | $5.4M | $7.5M | 25x | |
| Gate QQQ_USDT | 0.0000% | 8h | 743.83 | −0.092% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.61 | +0.012% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.91 | +0.053% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.81 | +0.039% | $257K | $29K | 30x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.64 | +0.016% | $362K | $1.5M | 10x | as long as short |
| Variational Omni QQQ | +0.0002% | 8h | 744.38 | −0.018% | $17.1M | $7.5M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.96 | −0.075% | $1.2M | $536K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0026% | 8h | 744.30 | −0.029% | $1.1M | $271K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.26 | −0.035% | $7.7M | $16.3M | 30x | as long as short |
| Binance QQQUSDT | +0.0040% | 8h | 744.46 | −0.008% | $71.1M | $141.8M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.76 | −0.102% | $700K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.45 | +0.125% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.72 | +0.027% | $36.9M | $78.9M | 50x | as long as short |
| Nado QQQ-PERP | +0.0096% | 1h | 744.09 | −0.057% | $1.5M | $876K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.11 | −0.055% | $3.4M | $388K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.11 | −0.055% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.17 | −0.047% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.63 | −0.119% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0110% | 8h | 744.62 | +0.014% | $319K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 744.01 | −0.068% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0315% | 1h | 744.40 | −0.016% | $425K | $149K | 20x | |
| edgeX QQQUSDC | +0.0680% | 4h | 744.36 | −0.021% | $761K | $334K | 20x | as long as short |
Phemex QQQUSDT
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Lighter QQQ
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC