Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.8% APRnext payment +$0.98 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Aster+0.061%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.061%, 7d avg +0.028%
=Together, before fees−0.063%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.033% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster QQQUSDT | 743.17 | 0 | get 0.0000% / 8h | 46m 12s | $841K | $780K | 20x |
| Short | Bybit QQQUSDT | 743.62 | 0.0098 | get 0.0098% / 8h | 46m 12s | $10.7M | $5.2M | 50x |
Aster QQQUSDT
Bybit QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $20.65
- Price spread: +0.061% → +0.028%
- $3.33
- Slippage, 4 orders
- −$5.08
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$0.1
- Costs to cover
- 0.241%
- Break-even
- 7.0 days
Slippage from Aster: live order book, 32 min ago; Bybit: live order book, 2 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, 32 min ago | 0.74 bp | 5.0 bp −$5 | 5.8 bp −$58 | 72.3 bp −$7,231 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.07 bp | 7.0 bp −$7 | 10.7 bp −$107 | 46.3 bp −$4,626 | 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 | 743.48 | +0.041% | $25K | — | 26x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 743.17 | long leg | $841K | $780K | 20x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.22 | +0.007% | $21.5M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.91 | −0.035% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.84 | +0.090% | $2K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.13 | −0.005% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.68 | +0.069% | $360K | $1.4M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0016% | 8h | 742.84 | −0.044% | $1.0M | $468K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.64 | −0.071% | $738K | $1.4M | 25x | as long as short |
| edgeX QQQUSDC | +0.0045% | 4h | 743.18 | +0.002% | $760K | $337K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Arcus QQQ-USD
edgeX QQQUSDCShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.80 | +0.085% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0046% | 8h | 743.13 | −0.005% | $17.6M | $10.3M | — | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 743.67 | +0.068% | $37.6M | $79.0M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.08 | −0.146% | $4.2M | $2.1M | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.80 | −0.049% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDT | +0.0079% | 8h | 743.49 | +0.043% | $71.0M | $160.6M | 25x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0087% | 1h | 743.14 | −0.004% | $425K | $185K | 20x | as long as short |
| Lighter QQQ | +0.0088% | 1h | 743.32 | +0.021% | $7.6M | $20.9M | 30x | as long as short |
| Bybit QQQUSDTshort | +0.0098% | 8h | 743.62 | +0.061% | $10.7M | $5.2M | 50x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.93 | −0.032% | $3.4M | $424K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.72 | −0.060% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.14 | −0.004% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.70 | −0.063% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0178% | 1h | 742.89 | −0.038% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0188% | 8h | 743.36 | +0.026% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.56 | +0.052% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 742.87 | −0.040% | $38K | $73K | 20x | as long as short |
| Bitget QQQUSDT | +0.0196% | 8h | 743.47 | +0.041% | $16.9M | $7.1M | 20x | as long as short |
Vest QQQ-USD-PERP
Variational Omni QQQ
Lighter RH QQQ
Ondo Perps QQQ-USD.P
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Deribit QQQ_USDC-PERPETUAL
Lighter QQQ
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