Funding you earn now, next payment 11:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.007%
Price spread now: Coinbase International against BloFin+0.008%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$260.262% of the position
Funding, last 7 days+0.352%+$35 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.008%, 7d avg −0.054%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.062% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin QQQ-USDT | 742.59 | 0.0001 | pay 0.0001% / 8h | 4h 56m | $1.1M | $241K | 20x |
| Short | Coinbase International QQQ-PERP-INTX | 742.65 | 0.0048 | get 0.0006% / 1h | 56m 46s | $1.2M | $538K | 20x |
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BloFin. 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
- $9.85
- Price spread: +0.008% → −0.054%
- $6.17
- Slippage, 4 orders
- −$4.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$10.23
- Costs to cover
- 0.262%
- Break-even
- 14.3 days
Slippage from BloFin: live order book, 3 min ago; Coinbase International: live order book, 5 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 BloFin live order book, 3 min ago | 0.07 bp | 6.1 bp −$6 | 6.7 bp −$67 | 10.1 bp −$1,013 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 0.07 bp | 6.5 bp −$6 | 7.6 bp −$76 | 35.9 bp −$3,587 | doesn't fit |
QQQ on 28 exchanges
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 −0.0203% / S +0.0285% | 1h | 742.74 | +0.020% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.52 | −0.009% | $22.1M | $30.8M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.44 | −0.020% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.05 | −0.073% | $3.6M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.83 | +0.032% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.18 | +0.079% | $2K | $1.5M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.47 | +0.119% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.04 | +0.061% | $359K | $1.7M | 10x | as long as short |
| BloFin QQQ-USDTlong | +0.0001% | 8h | 742.59 | long leg | $1.1M | $241K | 20x | |
| Aster QQQUSDT | +0.0003% | 8h | 742.50 | −0.013% | $856K | $903K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDTShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | +0.0003% | 1h | 741.93 | −0.089% | $4.2M | $1.8M | 20x | as long as short |
| Arcus QQQ-USD | +0.0004% | 1h | 741.62 | −0.131% | $658K | $1.4M | 25x | as long as short |
| Bybit QQQUSDT | +0.0029% | 8h | 742.55 | −0.005% | $10.7M | $5.0M | 50x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.94 | −0.088% | $7.3M | $16.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.72 | +0.018% | $38.9M | $75.7M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.52 | +0.125% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0048% | 1h | 742.65 | +0.008% | $1.2M | $538K | 20x | |
| Deribit QQQ_USDC-PERPETUAL | +0.0060% | 1h | 742.24 | −0.047% | $398K | $103K | 20x | as long as short |
| Variational Omni QQQ | +0.0075% | 8h | 743.01 | +0.056% | $16.9M | $7.0M | — | as long as short |
| Binance QQQUSDT | +0.0096% | 8h | 742.72 | +0.017% | $72.4M | $146.3M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.26 | −0.044% | $3.4M | $503K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.62 | +0.004% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.43 | −0.022% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.93 | −0.089% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0105% | 1h | 742.12 | −0.063% | $1.6M | $773K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0256% | 8h | 743.38 | +0.106% | $319K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.72 | +0.018% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0337% | 4h | 742.89 | +0.040% | $760K | $334K | 20x | as long as short |
Ondo Perps QQQ-USD.P
Arcus QQQ-USD
Bybit QQQUSDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Deribit QQQ_USDC-PERPETUAL
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC