Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.006%
Price spread now: Deribit against Coinbase International+0.102%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 5 days (all we have)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.102%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.095% dearer against Coinbase International than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International QQQ-PERP-INTX | 742.64 | 0 | get 0.0000% / 1h | 42m 45s | $1.2M | $536K | 20x |
| Short | Deribit QQQ_USDC-PERPETUAL | 743.40 | 0.0100 | get 0.0012% / 1h | 42m 45s | $425K | $150K | 20x |
Coinbase International QQQ-PERP-INTX
Deribit QQQ_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Coinbase International. 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
- $20.97
- Price spread: +0.102% → +0.007%
- $9.55
- Slippage, 4 orders
- −$3.32
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $10.2
- Costs to cover
- 0.203%
- Break-even
- 3.6 days
Slippage from Coinbase International: live order book, 1 min ago; Deribit: live order book, 11 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 Coinbase International live order book, 1 min ago | 0.07 bp | 5.3 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 11 min ago | 0.07 bp | 6.0 bp −$6 | 7.5 bp −$75 | 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 −0.0133% / S +0.0230% | 1h | 743.62 | +0.131% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0035% | 1h | 742.52 | −0.016% | $4.2M | $1.8M | 20x | as long as short |
| BloFin QQQ-USDT | −0.0011% | 8h | 743.43 | +0.106% | $1.1M | $256K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.60 | +0.129% | $840K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 743.57 | +0.125% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.47 | +0.112% | $21.5M | $26.9M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 743.06 | +0.057% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 743.72 | +0.145% | $16.9M | $5.5M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 743.66 | +0.138% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.07 | +0.193% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQ
SunX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International QQQ-PERP-INTXlong | 0.0000% | 1h | 742.64 | long leg | $1.2M | $536K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 743.82 | +0.159% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.74 | +0.148% | $361K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0007% | 8h | 743.60 | +0.130% | $70.9M | $141.2M | 25x | as long as short |
| RISEx QQQ/USDC | +0.0010% | 1h | 743.62 | +0.132% | $5.4M | $7.3M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 743.47 | +0.112% | $7.7M | $15.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0040% | 1h | 743.88 | +0.167% | $37.0M | $78.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.88 | +0.032% | $703K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.58 | +0.261% | — | $337K | 50x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0076% | 8h | 743.87 | +0.166% | $326K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0090% | 1h | 743.33 | +0.094% | $1.5M | $779K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALshort | +0.0100% | 1h | 743.40 | +0.102% | $425K | $150K | 20x | |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.34 | +0.094% | $3.4M | $342K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.33 | +0.093% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.33 | +0.093% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.78 | +0.019% | $92K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0118% | 1h | 743.26 | +0.083% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0750% | 4h | 743.65 | +0.136% | $760K | $336K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
RISEx QQQ/USDC
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC