Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: Coinbase International against Binance−0.076%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.076%, 7d avg −0.057%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance QQQUSDT | 742.09 | 0 | get 0.0000% / 8h | 2h 25m | $69.9M | $143.9M | 25x |
| Short | Coinbase International QQQ-PERP-INTX | 741.53 | 0 | get 0.0000% / 1h | 25m 04s | $1.2M | $540K | 20x |
Binance QQQUSDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- Price spread: −0.076% → −0.057%
- −$1.86
- Slippage, 4 orders
- −$1.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$23.73
- Costs to cover
- 0.219%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Coinbase International: 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, 3 min ago | 0.07 bp | 5.1 bp −$5 | 5.6 bp −$56 | 10.8 bp −$1,075 | 32.2 bp −$16.1K |
| Sell Coinbase International live order book, 3 min ago | 0.07 bp | 5.8 bp −$6 | 7.7 bp −$77 | 35.1 bp −$3,509 | 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 −0.0149% / S +0.0243% | 1h | 742.15 | +0.008% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 741.73 | −0.049% | $1.1M | $277K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.99 | −0.014% | $823K | $857K | 20x | as long as short |
| Binance QQQUSDTlong | 0.0000% | 8h | 742.09 | long leg | $69.9M | $143.9M | 25x | |
| Bybit QQQUSDT | 0.0000% | 8h | 742.10 | +0.001% | $10.6M | $5.1M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.90 | −0.026% | $21.6M | $28.0M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.02 | −0.010% | $5.4M | $7.0M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.43 | −0.090% | $3.3M | $21.3M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.23 | +0.018% | $16.6M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.86 | −0.031% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster 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 | 742.66 | +0.076% | $2K | $1.8M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | 0.0000% | 1h | 741.53 | −0.076% | $1.2M | $540K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 742.18 | +0.012% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.28 | +0.025% | $360K | $1.6M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0030% | 1h | 741.02 | −0.145% | $4.2M | $1.8M | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 742.00 | −0.013% | $7.7M | $15.6M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.39 | +0.040% | $36.8M | $80.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.98 | −0.150% | $690K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.05 | +0.129% | — | $337K | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0074% | 1h | 741.88 | −0.029% | $424K | $152K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0082% | 8h | 742.19 | +0.014% | $320K | $2.0M | 10x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.70 | −0.053% | $3.4M | $357K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.54 | −0.075% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.81 | −0.038% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.30 | −0.107% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0124% | 1h | 741.69 | −0.055% | $1.5M | $765K | 20x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 741.58 | −0.069% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0806% | 4h | 741.79 | −0.041% | $758K | $334K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.P
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC