Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.013%
Price spread now: BloFin against Bybit−0.008%52s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as 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−$270.267% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.008%, 7d avg −0.027%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit QQQUSDT | 744.23 | 0 | get 0.0000% / 8h | 7h 22m | $10.7M | $5.0M | 50x |
| Short | BloFin QQQ-USDT | 744.17 | −0.0001 | pay 0.0001% / 8h | 7h 22m | $1.1M | $318K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$0.13
- Price spread: −0.008% → −0.027%
- $1.9
- Slippage, 4 orders
- −$3.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$24.96
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BloFin: 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 Bybit live order book, 1 min ago | 0.07 bp | 7.9 bp −$8 | 13.7 bp −$137 | 83.2 bp −$8,323 | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.07 bp | 6.1 bp −$6 | 6.4 bp −$64 | 9.5 bp −$953 | 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 | −0.0343% | 1h | 742.70 | −0.206% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0087% / S +0.0195% | 1h | 744.29 | +0.009% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDTshort | −0.0001% | 8h | 744.17 | −0.008% | $1.1M | $318K | 20x | |
| Bybit QQQUSDTlong | 0.0000% | 8h | 744.23 | long leg | $10.7M | $5.0M | 50x | |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.01 | −0.030% | $21.4M | $25.3M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.91 | −0.043% | $3.2M | $28.0M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.75 | +0.070% | $2K | $2.2M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 743.92 | −0.042% | $425K | $147K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 745.42 | +0.160% | $258K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.53 | +0.040% | $362K | $1.4M | 10x | as long as short |
Show all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster QQQUSDT | +0.0004% | 8h | 744.19 | −0.005% | $841K | $714K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.96 | −0.036% | $7.7M | $18.4M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.37 | +0.019% | $37.4M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.70 | −0.071% | $747K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.74 | +0.069% | — | $306K | 50x | as long as short |
| Variational Omni QQQ | +0.0052% | 8h | 744.72 | +0.066% | $17.1M | $9.6M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 744.24 | +0.001% | $1.2M | $550K | 20x | as long as short |
| Binance QQQUSDT | +0.0081% | 8h | 744.18 | −0.006% | $71.1M | $152.1M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.86 | −0.050% | $3.4M | $410K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.53 | +0.040% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.97 | −0.035% | $12K | $21K | 20x | as long as short |
| Nado QQQ-PERP | +0.0103% | 1h | 743.85 | −0.051% | $1.5M | $1.2M | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.55 | −0.092% | $93K | $1K | 10x | as long as short |
| Bitget QQQUSDT | +0.0175% | 8h | 744.28 | +0.007% | $16.9M | $6.3M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.23 | 0.000% | $5.4M | $8.6M | 25x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 744.20 | −0.004% | $38K | $66K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0318% | 8h | 744.89 | +0.089% | $316K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0971% | 4h | 744.68 | +0.060% | $761K | $336K | 20x | as long as short |
Bybit QQQUSDT
BloFin QQQ-USDT
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Lighter QQQ
Lighter RH QQQ
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Bitget QQQUSDT
RISEx QQQ/USDC
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC