Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.026%
Price spread now: Coinbase International against Bitget−0.083%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.083%, 7d avg −0.096%
=The price spread sits at its 7-day average of −0.096%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.119%, 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 | Bitget QQQUSDT | 744.71 | 0.0147 | pay 0.0147% / 8h | 7h 02m | $16.9M | $6.1M | 20x |
| Short | Coinbase International QQQ-PERP-INTX | 744.09 | 0.0064 | get 0.0008% / 1h | 2m 19s | $1.2M | $545K | 20x |
Bitget QQQUSDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$17.43
- Price spread: −0.083% → −0.096%
- $1.28
- Slippage, 4 orders
- −$3.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$41.37
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 1 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, 1 min ago | 0.07 bp | 6.4 bp −$6 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 0.07 bp | 5.4 bp −$5 | 6.5 bp −$65 | 43.1 bp −$4,308 | 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 | −0.0309% | 1h | 743.25 | −0.196% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0091% / S +0.0198% | 1h | 744.74 | +0.003% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0007% | 8h | 744.38 | −0.044% | $1.1M | $320K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.47 | −0.032% | $21.5M | $25.4M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.31 | −0.054% | $3.2M | $29.0M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.19 | +0.064% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.97 | +0.035% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 745.06 | +0.047% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0021% | 8h | 744.66 | −0.006% | $841K | $713K | 20x | as long as short |
| Bybit QQQUSDT | +0.0024% | 8h | 744.86 | +0.020% | $10.7M | $5.0M | 50x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Bybit QQQUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.38 | −0.044% | $7.7M | $18.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.79 | +0.011% | $37.4M | $81.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.77 | −0.126% | $748K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.26 | +0.074% | — | $306K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0064% | 1h | 744.09 | −0.083% | $1.2M | $545K | 20x | |
| Variational Omni QQQ | +0.0066% | 8h | 744.61 | −0.014% | $17.1M | $8.0M | — | as long as short |
| Binance QQQUSDT | +0.0097% | 8h | 744.73 | +0.003% | $71.3M | $149.3M | 25x | as long as short |
| Nado QQQ-PERP | +0.0100% | 1h | 744.22 | −0.066% | $1.5M | $1.1M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.28 | −0.058% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.18 | −0.071% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.45 | −0.035% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.94 | −0.103% | $93K | $1K | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0140% | 1h | 744.56 | −0.020% | $425K | $147K | 20x | as long as short |
| Bitget QQQUSDTlong | +0.0147% | 8h | 744.71 | long leg | $16.9M | $6.1M | 20x | |
| edgeX QQQUSDC | +0.0170% | 4h | 744.59 | −0.016% | $761K | $336K | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.70 | −0.002% | $5.4M | $8.3M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.36 | −0.047% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0361% | 8h | 744.85 | +0.019% | $318K | $1.8M | 10x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Variational Omni QQQ
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp