QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against Binance−0.009%101s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.223% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.009%, 7d avg −0.003%

Together, before fees−0.075%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QQQUSDT	741.84	0.0002	pay 0.0002% / 8h	1h 39m	$70.1M	$145.1M	25x
Short	BloFin QQQ-USDT	741.77	−0.0011	pay 0.0011% / 8h	1h 39m	$1.1M	$278K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$2.75
Price spread: −0.009% → −0.003%: −$0.6
Slippage, 4 orders: −$0.27
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.62
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago	0.07 bp	5.1 bp −$5	5.6 bp −$56	10.0 bp −$1,001	26.3 bp −$13.1K
Sell BloFin live order book, 3 min ago	0.07 bp	6.1 bp −$6	6.4 bp −$64	9.9 bp −$993	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 −0.0158% / S +0.0250%	1h	741.87	+0.003%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0025%	1h	740.80	−0.140%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDTshort	−0.0011%	8h	741.77	−0.009%	$1.1M	$278K	20x
Gate QQQ_USDT	−0.0004%	8h	741.20	−0.086%	$3.3M	$21.5M	50x	as long as short
Aster QQQUSDT	0.0000%	8h	741.77	−0.009%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.80	−0.005%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.56	−0.038%	$21.4M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.62	−0.029%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	741.92	+0.011%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.78	−0.009%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.31	+0.063%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	741.96	+0.016%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.00	+0.022%	$361K	$1.6M	10x	as long as short
Binance QQQUSDTlong	+0.0002%	8h	741.84	long leg	$70.1M	$145.1M	25x
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.73	−0.015%	$1.2M	$550K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.57	−0.036%	$7.6M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0040%	1h	741.99	+0.020%	$36.9M	$80.0M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.98	−0.116%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.75	+0.123%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.44	−0.054%	$3.4M	$352K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.39	−0.061%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.55	−0.039%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.07	−0.104%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0112%	8h	742.02	+0.024%	$318K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0146%	1h	741.38	−0.062%	$1.5M	$763K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.56	−0.038%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0317%	1h	741.69	−0.020%	$424K	$154K	20x	as long as short
edgeX QQQUSDC	+0.0920%	4h	741.78	−0.007%	$758K	$334K	20x	as long as short