QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h −0.023%

Price spread now: OKX against BloFin+0.047%63s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as 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−$220.223% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.047%, 7d avg +0.001%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.046% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.001%. The two prices were read 63 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	742.85	−0.0020	get 0.0020% / 8h	2h 10m	$1.1M	$277K	20x
Short	OKX QQQ-USDT-SWAP	743.20	0	get 0.0000% / 8h	2h 10m	$21.5M	$28.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OKXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $4.27
Price spread: +0.047% → +0.001%: $4.64
Slippage, 4 orders: −$0.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$13.44
Costs to cover: 0.223%
Break-even: 29.0 days

Slippage from BloFin: live order book, 2 min ago; OKX: 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 BloFin live order book, 2 min ago	0.07 bp	6.1 bp −$6	6.6 bp −$66	10.0 bp −$1,000	doesn't fit
Sell OKX live order book, 3 min ago	0.07 bp	5.1 bp −$5	6.3 bp −$63	13.9 bp −$1,391	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 −0.0152% / S +0.0245%	1h	743.38	+0.072%	$25K	—	26x	as long as short
BloFin QQQ-USDTlong	−0.0020%	8h	742.85	long leg	$1.1M	$277K	20x
Aster QQQUSDT	0.0000%	8h	742.94	+0.012%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	743.39	+0.073%	$70.0M	$144.9M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.30	+0.061%	$10.6M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	743.20	+0.047%	$21.5M	$28.3M	50x
RISEx QQQ/USDC	0.0000%	1h	743.09	+0.033%	$5.4M	$6.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.56	−0.039%	$3.3M	$21.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.35	+0.067%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.18	+0.045%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	743.92	+0.144%	$2K	$1.8M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.77	−0.011%	$1.2M	$541K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.33	+0.065%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.50	+0.088%	$361K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0003%	1h	742.06	−0.106%	$4.2M	$1.8M	20x	as long as short
Lighter QQQ	+0.0032%	1h	743.12	+0.036%	$7.6M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.55	+0.094%	$36.9M	$80.9M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.04	−0.109%	$688K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.08	+0.166%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0090%	8h	742.89	+0.005%	$315K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.80	−0.007%	$3.4M	$363K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.56	−0.039%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.01	+0.022%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0100%	1h	742.97	+0.016%	$424K	$152K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.46	−0.053%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0122%	1h	742.76	−0.012%	$1.5M	$748K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	742.54	−0.042%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0907%	4h	742.99	+0.019%	$760K	$333K	20x	as long as short