Funding you earn now, next payment 16:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.014%
Price spread now: OKX against Bybit+0.001%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as 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−0.004%$0 on $10k
+Price spread, last 7 days0.000%$0 · spread now +0.001%, 7d avg −0.012%
=The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit QQQUSDT | 742.45 | 0.0027 | pay 0.0027% / 8h | 4h 53m | $10.7M | $5.0M | 50x |
| Short | OKX QQQ-USDT-SWAP | 742.46 | 0 | get 0.0000% / 8h | 4h 53m | $22.1M | $30.8M | 50x |
Bybit QQQUSDT
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$5.7
- Price spread: +0.001% → −0.012%
- $1.37
- Slippage, 4 orders
- −$4.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$29.57
- Costs to cover
- 0.252%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.27 bp | 7.4 bp −$7 | 9.7 bp −$97 | 48.3 bp −$4,826 | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.07 bp | 5.1 bp −$5 | 6.7 bp −$67 | 13.2 bp −$1,320 | 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 | 742.91 | +0.063% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 742.46 | +0.001% | $22.1M | $30.8M | 50x | |
| RISEx QQQ/USDC | 0.0000% | 1h | 742.55 | +0.014% | $5.5M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 742.05 | −0.054% | $3.6M | $19.7M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.81 | +0.048% | $17.0M | $5.9M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 743.39 | +0.127% | $2K | $1.5M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 742.31 | −0.019% | $398K | $103K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 742.87 | +0.057% | $247K | $45K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.06 | +0.082% | $360K | $1.7M | 10x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0002% | 1h | 741.38 | −0.144% | $4.2M | $1.8M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Ondo Perps QQQ-USD.PShow all 28 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster QQQUSDT | +0.0004% | 8h | 742.48 | +0.003% | $856K | $903K | 20x | as long as short |
| Arcus QQQ-USD | +0.0004% | 1h | 741.58 | −0.117% | $657K | $1.4M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0012% | 8h | 742.52 | +0.009% | $1.1M | $241K | 20x | as long as short |
| Bybit QQQUSDTlong | +0.0027% | 8h | 742.45 | long leg | $10.7M | $5.0M | 50x | |
| Lighter QQQ | +0.0032% | 1h | 741.85 | −0.081% | $7.2M | $16.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.84 | +0.053% | $38.8M | $75.8M | 50x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.61 | +0.156% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 742.65 | +0.027% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0076% | 8h | 742.48 | +0.004% | $16.9M | $6.9M | — | as long as short |
| Binance QQQUSDT | +0.0097% | 8h | 742.66 | +0.028% | $72.4M | $146.3M | 25x | as long as short |
| Nado QQQ-PERP | +0.0098% | 1h | 742.28 | −0.023% | $1.6M | $777K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.28 | −0.023% | $3.4M | $504K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.16 | −0.039% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 742.51 | +0.008% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.04 | −0.056% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0255% | 8h | 742.92 | +0.064% | $319K | $2.1M | 10x | as long as short |
| Phoenix QQQ | +0.0302% | 1h | 742.34 | −0.015% | $38K | $59K | 20x | as long as short |
| edgeX QQQUSDC | +0.0671% | 4h | 742.55 | +0.014% | $759K | $334K | 20x | as long as short |
Aster QQQUSDT
Arcus QQQ-USD
BloFin QQQ-USDT
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC