Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.006%
Price spread now: Arcus against Aster−0.072%7-day average −0.132% · 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−$13as in the Price arb table
costs, in and out, $10k−$190.190% of the position
Funding, last 3 days (all we have)+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.072%, 7d avg −0.132%
=Together, before fees−0.018%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.060% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.132%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 743.23 | 0.0001 | pay 0.0001% / 8h | 44m 38s | $841K | $780K | 20x |
| Short | Arcus QQQ-USD | 742.70 | 0.0040 | get 0.0005% / 1h | 44m 38s | $738K | $1.4M | 25x |
Aster QQQUSDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Aster. 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
- $8.2
- Price spread: −0.072% → −0.132%
- $6.01
- Slippage, 4 orders
- −$6.52
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$4.82
- Costs to cover
- 0.190%
- Break-even
- 11.1 days
Slippage from Aster: live order book, 33 min ago; Arcus: 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 Aster live order book, 33 min ago | 0.74 bp | 5.0 bp −$5 | 5.8 bp −$58 | 72.3 bp −$7,231 | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.34 bp | 5.1 bp −$5 | 6.0 bp −$60 | 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 −0.0070% / S +0.0181% | 1h | 743.49 | +0.034% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.24 | +0.001% | $21.6M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.90 | −0.045% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.95 | +0.096% | $2K | $2.3M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.02 | −0.029% | $424K | $185K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.12 | −0.015% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.90 | +0.090% | $359K | $1.4M | 10x | as long as short |
| Aster QQQUSDTlong | +0.0001% | 8h | 743.23 | long leg | $841K | $780K | 20x | |
| BloFin QQQ-USDT | +0.0020% | 8h | 743.09 | −0.019% | $1.0M | $468K | 20x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 742.70 | −0.072% | $738K | $1.4M | 25x |
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX QQQUSDC | +0.0045% | 4h | 743.18 | −0.007% | $760K | $337K | 20x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.92 | +0.092% | — | $621K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 743.60 | +0.049% | $37.6M | $79.0M | 50x | as long as short |
| Variational Omni QQQ | +0.0049% | 8h | 743.31 | +0.011% | $17.6M | $10.3M | — | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.08 | −0.155% | $4.2M | $2.1M | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.80 | −0.058% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDT | +0.0080% | 8h | 743.42 | +0.025% | $71.0M | $160.6M | 25x | as long as short |
| Lighter QQQ | +0.0088% | 1h | 743.29 | +0.008% | $7.6M | $20.9M | 30x | as long as short |
| Bybit QQQUSDT | +0.0099% | 8h | 743.52 | +0.039% | $10.7M | $5.2M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.93 | −0.041% | $3.4M | $424K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.85 | −0.052% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.16 | −0.010% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.79 | −0.060% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0177% | 1h | 743.03 | −0.027% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0188% | 8h | 743.36 | +0.017% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.66 | +0.058% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 742.87 | −0.049% | $38K | $73K | 20x | as long as short |
| Bitget QQQUSDT | +0.0195% | 8h | 743.44 | +0.028% | $16.9M | $7.1M | 20x | as long as short |
edgeX QQQUSDC
Vest QQQ-USD-PERP
Lighter RH QQQ
Variational Omni QQQ
Ondo Perps QQQ-USD.P
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
Bitget QQQUSDT