Funding you earn now, next payment 02:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h +0.017%
Price spread now: BloFin against Arcus+0.156%815s7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.239% of the position
Funding, last 3 days (all we have)−0.072%−$7 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.156%, 7d avg +0.134%
=The price spread pays, funding is against you. BloFin is 0.022% dearer against Arcus than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of +0.134%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 3 days (−0.072% in total) that is about 25 hours. The two prices were read 815 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 | Arcus QQQ-USD | 743.15 | 0.0040 | pay 0.0005% / 1h | 35m 39s | $703K | $1.6M | 25x |
| Short | BloFin QQQ-USDT | 744.31 | 0.0026 | get 0.0026% / 8h | 6h 35m | $1.1M | $319K | 20x |
Arcus QQQ-USD
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Arcus. 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
- −$3.09
- Price spread: +0.156% → +0.134%
- $2.21
- Slippage, 4 orders
- −$7.45
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$24.82
- Costs to cover
- 0.239%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 3 min ago; BloFin: live order book, 16 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 Arcus live order book, 3 min ago | 0.67 bp | 5.0 bp −$5 | 8.2 bp −$82 | 26.9 bp −$2,694 | doesn't fit |
| Sell BloFin live order book, 16 min ago | 0.07 bp | 6.1 bp −$6 | 7.3 bp −$73 | 11.6 bp −$1,156 | 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 | −0.0165% | 1h | 742.89 | −0.035% | $4.2M | $1.9M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0097% / S +0.0202% | 1h | 744.07 | +0.123% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.01 | +0.116% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.89 | +0.100% | $21.5M | $25.6M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.68 | +0.071% | $3.3M | $21.7M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.46 | +0.176% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.08 | +0.125% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.20 | +0.141% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0009% | 8h | 744.09 | +0.126% | $841K | $712K | 20x | as long as short |
| BloFin QQQ-USDTshort | +0.0026% | 8h | 744.31 | +0.156% | $1.1M | $319K | 20x |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 743.85 | +0.094% | $7.8M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.26 | +0.149% | $37.4M | $79.7M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 743.15 | long leg | $703K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.08 | +0.260% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 743.40 | +0.034% | $1.2M | $536K | 20x | as long as short |
| Variational Omni QQQ | +0.0062% | 8h | 743.95 | +0.108% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDT | +0.0066% | 8h | 744.13 | +0.132% | $16.9M | $5.9M | 20x | as long as short |
| Binance QQQUSDT | +0.0086% | 8h | 744.06 | +0.123% | $71.1M | $147.6M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.83 | +0.092% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.62 | +0.063% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.81 | +0.089% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.30 | +0.020% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0121% | 1h | 743.72 | +0.076% | $1.5M | $1.0M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0153% | 1h | 743.88 | +0.098% | $425K | $148K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.13 | +0.132% | $5.4M | $8.1M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.66 | +0.069% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0230% | 8h | 744.26 | +0.150% | $318K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0751% | 4h | 743.92 | +0.104% | $761K | $334K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Bitget QQQUSDT
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC