Funding you earn now, next payment 06:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.003%
Price spread now: Deribit against Arcus+0.104%7-day average +0.084% · 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−$14as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 4 days (all we have)+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.104%, 7d avg +0.084%
=The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus QQQ-USD | 740.98 | 0.0040 | pay 0.0005% / 1h | 25m 20s | $690K | $1.6M | 25x |
| Short | Deribit QQQ_USDC-PERPETUAL | 741.75 | 0.0182 | get 0.0023% / 1h | 25m 20s | $424K | $152K | 20x |
Arcus QQQ-USD
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $29.68
- Price spread: +0.104% → +0.084%
- $1.97
- Slippage, 4 orders
- −$4.71
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $15.44
- Costs to cover
- 0.162%
- Break-even
- 3.4 days
Slippage from Arcus: live order book, 4 min ago; Deribit: live order book, 23 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, 4 min ago | 0.07 bp | 2.5 bp −$3 | 7.2 bp −$72 | 24.2 bp −$2,420 | doesn't fit |
| Sell Deribit live order book, 23 min ago | 0.07 bp | 3.6 bp −$4 | 5.8 bp −$58 | 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 −0.0149% / S +0.0243% | 1h | 742.15 | +0.159% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0019% | 8h | 741.68 | +0.094% | $1.1M | $267K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.05 | +0.145% | $823K | $857K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.14 | +0.156% | $69.9M | $143.8M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.11 | +0.153% | $10.6M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.91 | +0.126% | $21.6M | $28.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.02 | +0.140% | $5.4M | $7.0M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.65 | +0.090% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.21 | +0.166% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.86 | +0.119% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDT | 0.0000% | 8h | 742.50 | +0.205% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 741.54 | +0.076% | $1.2M | $539K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.162% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.24 | +0.170% | $361K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0030% | 1h | 741.02 | +0.005% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.91 | +0.126% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.30 | +0.178% | $36.8M | $80.0M | 50x | as long as short |
| Arcus QQQ-USDlong | +0.0040% | 1h | 740.98 | long leg | $690K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.05 | +0.279% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0082% | 8h | 742.19 | +0.164% | $320K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.71 | +0.099% | $3.4M | $357K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.54 | +0.076% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.81 | +0.112% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.15 | +0.023% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0124% | 1h | 741.69 | +0.096% | $1.5M | $765K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 741.58 | +0.081% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0182% | 1h | 741.75 | +0.104% | $424K | $152K | 20x | |
| edgeX QQQUSDC | +0.0806% | 4h | 741.79 | +0.109% | $758K | $334K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC