Funding you earn now, next payment 07:00 UTC−0.0195%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h −0.005%
Price spread now: Arcus against Deribit−0.094%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 4 days (all we have)−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.094%, 7d avg −0.084%
=The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 741.83 | 0.0236 | pay 0.0029% / 1h | 25m 54s | $424K | $154K | 20x |
| Short | Arcus QQQ-USD | 741.13 | 0.0040 | get 0.0005% / 1h | 25m 54s | $686K | $1.6M | 25x |
Deribit QQQ_USDC-PERPETUAL
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Deribit. 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
- −$41
- Price spread: −0.094% → −0.084%
- −$1.04
- Slippage, 4 orders
- −$7.28
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$60.83
- Costs to cover
- 0.188%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 18 min ago; Arcus: 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 Deribit live order book, 18 min ago | 0.07 bp | 3.6 bp −$4 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 3 min ago | 0.67 bp | 6.4 bp −$6 | 11.5 bp −$115 | 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 −0.0161% / S +0.0252% | 1h | 742.09 | +0.034% | $25K | — | 26x | as long as short |
| Gate QQQ_USDT | −0.0025% | 8h | 741.36 | −0.063% | $3.3M | $21.5M | 50x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 742.01 | +0.024% | $823K | $858K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 742.05 | +0.030% | $10.5M | $5.2M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.83 | 0.000% | $21.5M | $28.4M | 50x | as long as short |
| Ondo Perps QQQ-USD.P | 0.0000% | 1h | 740.83 | −0.135% | $4.2M | $1.8M | 20x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 741.76 | −0.010% | $5.5M | $6.3M | 25x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 742.24 | +0.055% | $16.6M | $5.4M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 741.69 | −0.020% | $16.9M | $7.3M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.93 | +0.148% | $2K | $1.8M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Gate QQQ_USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Ondo Perps QQQ-USD.P
RISEx QQQ/USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 742.14 | +0.042% | $251K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 742.41 | +0.078% | $366K | $1.6M | 10x | as long as short |
| Binance QQQUSDT | +0.0003% | 8h | 742.06 | +0.031% | $70.0M | $144.6M | 25x | as long as short |
| BloFin QQQ-USDT | +0.0012% | 8h | 741.84 | +0.001% | $1.1M | $278K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0016% | 1h | 741.36 | −0.063% | $1.2M | $547K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.82 | −0.001% | $7.7M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 742.23 | +0.054% | $37.0M | $80.5M | 50x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 741.13 | −0.094% | $686K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.96 | +0.152% | — | $337K | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.59 | −0.032% | $3.4M | $353K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.61 | −0.030% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.71 | −0.016% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 741.26 | −0.077% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0115% | 8h | 741.97 | +0.019% | $322K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0132% | 1h | 741.53 | −0.041% | $1.5M | $764K | 20x | as long as short |
| Phoenix QQQ | +0.0205% | 1h | 741.80 | −0.004% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0236% | 1h | 741.83 | long leg | $424K | $154K | 20x | |
| edgeX QQQUSDC | +0.0865% | 4h | 741.94 | +0.015% | $759K | $333K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Binance QQQUSDT
BloFin QQQ-USDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Lighter RH QQQ
Vest QQQ-USD-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC