Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against Bitget+0.020%555s7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as 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−$250.249% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.020%, 7d avg −0.041%
=The price spread pays, funding is against you. BloFin is 0.061% dearer against Bitget than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.041%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days. The two prices were read 555 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 | Bitget QQQUSDT | 744.16 | 0.0086 | pay 0.0086% / 8h | 6h 40m | $16.9M | $5.9M | 20x |
| Short | BloFin QQQ-USDT | 744.31 | 0.0026 | get 0.0026% / 8h | 6h 40m | $1.1M | $319K | 20x |
Bitget QQQUSDT
BloFin QQQ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$12.69
- Price spread: +0.020% → −0.041%
- $6.1
- Slippage, 4 orders
- −$0.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$31.51
- Costs to cover
- 0.249%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 12 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 Bitget live order book, 4 min ago | 0.07 bp | 6.5 bp −$6 | 8.6 bp −$86 | 14.3 bp −$1,431 | doesn't fit |
| Sell BloFin live order book, 12 min ago | 0.07 bp | 6.1 bp −$6 | 7.3 bp −$73 | 11.6 bp −$1,156 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0174% | 1h | 743.00 | −0.156% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0096% / S +0.0202% | 1h | 744.08 | −0.011% | $25K | — | 26x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.94 | −0.030% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.85 | −0.042% | $21.5M | $25.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.78 | −0.051% | $3.2M | $21.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.58 | +0.056% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.32 | +0.022% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.26 | +0.013% | $360K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0012% | 8h | 744.10 | −0.008% | $841K | $712K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0019% | 1h | 743.84 | −0.043% | $425K | $148K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDTshort | +0.0026% | 8h | 744.31 | +0.020% | $1.1M | $319K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 743.86 | −0.040% | $7.7M | $17.7M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.33 | +0.023% | $37.3M | $79.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.25 | −0.122% | $704K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.10 | +0.126% | — | $356K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.05 | −0.015% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0065% | 8h | 744.04 | −0.016% | $17.1M | $7.6M | — | as long as short |
| Bitget QQQUSDTlong | +0.0086% | 8h | 744.16 | long leg | $16.9M | $5.9M | 20x | |
| Binance QQQUSDT | +0.0089% | 8h | 744.05 | −0.015% | $71.1M | $147.4M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.88 | −0.038% | $3.4M | $406K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.76 | −0.054% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.81 | −0.047% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.37 | −0.106% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0120% | 1h | 743.78 | −0.051% | $1.5M | $1.0M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0168% | 1h | 744.13 | −0.005% | $5.4M | $8.2M | 25x | as long as short |
| Phoenix QQQ | +0.0183% | 1h | 743.78 | −0.051% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0257% | 8h | 744.49 | +0.044% | $319K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0480% | 4h | 744.13 | −0.004% | $761K | $333K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC