Funding you earn now, next payment 00:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.81 per $10,000 · paid last 24h +0.080%
Price spread now: Aster against Binance−0.044%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 2 days (all we have)+0.014%+$1 · spread now −0.044%, 7d avg −0.020%
=Together, before fees+0.093%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.024% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 742.25 | 0.0086 | pay 0.0086% / 8h | 1h 46m | $69.6M | $162.6M | 25x |
| Short | Aster QQQUSDT | 741.92 | 0.0005 | get 0.0005% / 8h | 1h 46m | $840K | $780K | 20x |
Binance QQQUSDT
Aster QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Binance. 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
- −$16.98
- Price spread: −0.044% → −0.020%
- −$2.38
- Slippage, 4 orders
- −$1.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$38.43
- Costs to cover
- 0.191%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Aster: live order book, 37 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 Binance live order book, 12 min ago | 0.07 bp | 5.1 bp −$5 | 6.1 bp −$61 | 9.5 bp −$953 | 31.0 bp −$15.5K |
| Sell Aster live order book, 37 min ago | 0.47 bp | 4.5 bp −$4 | 6.4 bp −$64 | 30.4 bp −$3,041 | 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 −0.0066% / S +0.0178% | 1h | 742.21 | −0.006% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0026% | 1h | 741.25 | −0.135% | $4.2M | $2.2M | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.18 | −0.009% | $21.5M | $28.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.88 | −0.050% | $3.1M | $32.8M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.60 | +0.047% | $1K | $2.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 741.83 | −0.057% | $424K | $305K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.43 | +0.024% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.64 | +0.052% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDTshort | +0.0005% | 8h | 741.92 | −0.044% | $840K | $780K | 20x | |
| BloFin QQQ-USDT | +0.0006% | 8h | 742.00 | −0.034% | $1.0M | $483K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 742.10 | −0.020% | $7.8M | $21.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.46 | +0.028% | $37.7M | $81.1M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.40 | −0.115% | $736K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.73 | +0.065% | — | $621K | 50x | as long as short |
| Variational Omni QQQ | +0.0064% | 8h | 742.23 | −0.002% | $17.2M | $10.1M | — | as long as short |
| Binance QQQUSDTlong | +0.0086% | 8h | 742.25 | long leg | $69.6M | $162.6M | 25x | |
| Bybit QQQUSDT | +0.0086% | 8h | 742.42 | +0.023% | $10.7M | $5.4M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0088% | 1h | 741.84 | −0.055% | $1.2M | $874K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.80 | −0.061% | $3.4M | $440K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.96 | −0.039% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.19 | −0.143% | $7K | $16K | 20x | as long as short |
| edgeX QQQUSDC | +0.0103% | 4h | 742.22 | −0.004% | $759K | $336K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.48 | −0.103% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0169% | 1h | 741.75 | −0.068% | $1.5M | $1.3M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0187% | 8h | 742.41 | +0.022% | $323K | $1.7M | 10x | as long as short |
| Bitget QQQUSDT | +0.0219% | 8h | 742.23 | −0.003% | $16.7M | $7.3M | 20x | as long as short |
| Phoenix QQQ | +0.0259% | 1h | 741.88 | −0.050% | $38K | $73K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0315% | 1h | 742.34 | +0.012% | $5.4M | $9.3M | 25x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Bybit QQQUSDT
Coinbase International QQQ-PERP-INTX
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
edgeX QQQUSDC
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Bitget QQQUSDT
Phoenix QQQ
RISEx QQQ/USDC