Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.027%
Price spread now: Gate against BloFin−0.055%48s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as 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−$330.330% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.055%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.028% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.122%, so the current rate has only just turned against you. The two prices were read 48 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 | BloFin QQQ-USDT | 742.05 | 0.0029 | pay 0.0029% / 8h | 1h 52m | $1.1M | $278K | 20x |
| Short | Gate QQQ_USDT | 741.64 | 0 | get 0.0000% / 8h | 1h 52m | $3.3M | $21.4M | 50x |
BloFin QQQ-USDT
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.12
- Price spread: −0.055% → −0.028%
- −$2.76
- Slippage, 4 orders
- −$6.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$41.91
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Gate: 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 BloFin live order book, 5 min ago | 0.07 bp | 6.1 bp −$6 | 6.7 bp −$67 | 12.6 bp −$1,255 | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.94 bp | 8.5 bp −$8 | 12.8 bp −$128 | doesn't fit | 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 −0.0156% / S +0.0248% | 1h | 742.29 | +0.033% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0026% | 1h | 741.13 | −0.124% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.17 | +0.017% | $823K | $858K | 20x | as long as short |
| Binance QQQUSDT | 0.0000% | 8h | 742.22 | +0.023% | $70.2M | $145.5M | 25x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.27 | +0.030% | $10.6M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 742.02 | −0.004% | $21.5M | $28.3M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.21 | +0.022% | $5.4M | $6.3M | 25x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 741.64 | −0.055% | $3.3M | $21.4M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 742.35 | +0.040% | $16.6M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 742.21 | +0.021% | $16.9M | $7.3M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Binance QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
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 | 742.88 | +0.112% | $2K | $1.8M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.60 | +0.074% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.41 | +0.049% | $365K | $1.6M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.73 | −0.043% | $1.2M | $551K | 20x | as long as short |
| BloFin QQQ-USDTlong | +0.0029% | 8h | 742.05 | long leg | $1.1M | $278K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 741.99 | −0.008% | $7.6M | $15.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.37 | +0.043% | $36.9M | $79.6M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 741.45 | −0.081% | $686K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.16 | +0.150% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.89 | −0.022% | $3.4M | $352K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.98 | −0.009% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.01 | −0.005% | $12K | $21K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0103% | 8h | 742.52 | +0.064% | $318K | $2.0M | 10x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.52 | −0.071% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0144% | 1h | 741.95 | −0.013% | $1.5M | $749K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.83 | −0.030% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0222% | 1h | 742.01 | −0.005% | $424K | $153K | 20x | as long as short |
| edgeX QQQUSDC | +0.0941% | 4h | 742.24 | +0.026% | $759K | $334K | 20x | as long as short |
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
GRVT QQQ_USDT_Perp
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL
edgeX QQQUSDC