Funding you earn now, next payment 06:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.009%
Price spread now: Deribit against Aster+0.043%7-day average −0.047% · 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−$9as in the Price arb table
costs, in and out, $10k−$180.176% of the position
Funding, last 5 days (all we have)+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.043%, 7d avg −0.047%
=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 +$8 a day on $10k at the current rate, and Deribit is 0.090% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.047%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.098% in total (about 7.3% a year). A funding rate is set anew for every payment. 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 | Aster QQQUSDT | 742.60 | 0 | get 0.0000% / 8h | 2h 04m | $824K | $857K | 20x |
| Short | Deribit QQQ_USDC-PERPETUAL | 742.92 | 0.0262 | get 0.0033% / 1h | 4m 42s | $424K | $153K | 20x |
Aster QQQUSDT
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $54.97
- Price spread: +0.043% → −0.047%
- $9
- Slippage, 4 orders
- −$2.63
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $46.34
- Costs to cover
- 0.176%
- Break-even
- 1.1 days
Slippage from Aster: live order book, 43 min ago; Deribit: live order book, 44 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, 43 min ago | 0.88 bp | 5.5 bp −$6 | 5.8 bp −$58 | 26.7 bp −$2,673 | doesn't fit |
| Sell Deribit live order book, 44 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 −0.0153% / S +0.0246% | 1h | 743.11 | +0.068% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0008% | 1h | 741.84 | −0.102% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDTlong | 0.0000% | 8h | 742.60 | long leg | $824K | $857K | 20x | |
| Binance QQQUSDT | 0.0000% | 8h | 742.95 | +0.047% | $70.3M | $145.2M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.96 | +0.049% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.79 | +0.026% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 743.00 | +0.054% | $5.4M | $6.6M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.31 | −0.039% | $3.3M | $21.4M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.10 | +0.068% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.98 | +0.052% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
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 | 743.58 | +0.132% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | 0.0000% | 1h | 742.63 | +0.004% | $1.2M | $541K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.32 | +0.097% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.59 | +0.134% | $362K | $1.6M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0027% | 8h | 742.82 | +0.030% | $1.1M | $278K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.72 | +0.016% | $7.6M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 743.16 | +0.076% | $37.0M | $81.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.18 | −0.056% | $689K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.00 | +0.189% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0097% | 8h | 743.30 | +0.095% | $315K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.69 | +0.012% | $3.4M | $365K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.73 | +0.018% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.75 | +0.020% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.28 | −0.043% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 742.66 | +0.008% | $1.5M | $750K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 742.79 | +0.026% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0262% | 1h | 742.92 | +0.043% | $424K | $153K | 20x | |
| edgeX QQQUSDC | +0.0567% | 4h | 743.11 | +0.069% | $760K | $335K | 20x | as long as short |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTX
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
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