Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against Binance+0.001%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 7 days−0.023%−$2 · spread now +0.001%, 7d avg +0.007%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 741.94 | 0.0004 | pay 0.0004% / 8h | 1h 16m | $70.0M | $144.5M | 25x |
| Short | Bybit QQQUSDT | 741.95 | 0 | get 0.0000% / 8h | 1h 16m | $10.5M | $5.2M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$0.91
- Price spread: +0.001% → +0.007%
- −$0.64
- Slippage, 4 orders
- −$4.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.94
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago | 0.07 bp | 5.1 bp −$5 | 5.2 bp −$52 | 9.8 bp −$975 | 26.5 bp −$13.3K |
| Sell Bybit live order book, 2 min ago | 0.34 bp | 7.7 bp −$8 | 8.8 bp −$88 | 77.3 bp −$7,730 | 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 −0.0163% / S +0.0254% | 1h | 742.13 | +0.025% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0038% | 8h | 741.40 | −0.073% | $3.4M | $21.5M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0006% | 1h | 741.10 | −0.113% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.99 | +0.007% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDTshort | 0.0000% | 8h | 741.95 | +0.001% | $10.5M | $5.2M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.72 | −0.030% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.74 | −0.027% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.14 | +0.027% | $16.5M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.08 | +0.018% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.96 | +0.137% | $2K | $1.8M | 10x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 742.23 | +0.039% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.33 | +0.052% | $360K | $1.6M | 10x | as long as short |
| Binance QQQUSDTlong | +0.0004% | 8h | 741.94 | long leg | $70.0M | $144.5M | 25x | |
| BloFin QQQ-USDT | +0.0007% | 8h | 741.89 | −0.007% | $1.1M | $271K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.35 | −0.080% | $1.2M | $526K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.83 | −0.015% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.15 | +0.028% | $37.1M | $81.2M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.26 | −0.092% | $687K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.96 | +0.137% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.59 | −0.047% | $3.4M | $355K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.74 | −0.027% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.86 | −0.011% | $12K | $21K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0101% | 1h | 741.92 | −0.003% | $424K | $154K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.37 | −0.076% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0119% | 8h | 742.25 | +0.041% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0126% | 1h | 741.76 | −0.024% | $1.6M | $769K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.63 | −0.042% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0726% | 4h | 741.94 | 0.000% | $759K | $336K | 20x | as long as short |
Binance QQQUSDT
Bybit QQQUSDT
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC