Funding you earn now, next payment 21:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h −0.007%
Price spread now: Bitget against Deribit+0.020%58s7-day average +0.094% · 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—prices read too far apart to compare
costs, in and out, $10k−$250.246% of the position
Funding, last 5 days (all we have)−0.031%−$3 on $10k
+Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.020%, 7d avg +0.094%
=Funding pays, the price is against you. Bitget is 0.074% cheaper against Deribit than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.094%). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.031% in total (about -2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 741.45 | 0 | get 0.0000% / 1h | 31m 25s | $424K | $304K | 20x |
| Short | Bitget QQQUSDT | 741.60 | 0.0244 | get 0.0244% / 8h | 3h 31m | $16.8M | $7.6M | 20x |
Deribit QQQ_USDC-PERPETUAL
Bitget QQQUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $51.24
- Price spread: +0.020% → +0.094%
- −$7.37
- Slippage, 4 orders
- −$5.63
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $19.24
- Costs to cover
- 0.246%
- Break-even
- 4.4 days
Slippage from Deribit: live order book, 18 min ago; Bitget: 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 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.07 bp | 6.7 bp −$7 | 9.1 bp −$91 | 13.8 bp −$1,376 | 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 | −0.0218% | 1h | 740.20 | −0.169% | $4.2M | $2.3M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0039% / S +0.0157% | 1h | 741.55 | +0.014% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 741.33 | −0.016% | $21.2M | $27.7M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 741.11 | −0.046% | $3.1M | $34.0M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 742.08 | +0.085% | $2K | $2.5M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | 0.0000% | 1h | 741.45 | long leg | $424K | $304K | 20x | |
| HTX QQQ-USDT | 0.0000% | 8h | 741.84 | +0.053% | $256K | $32K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 741.71 | +0.035% | $361K | $1.3M | 10x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 741.28 | −0.023% | $843K | $592K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0012% | 8h | 741.46 | +0.001% | $1.0M | $508K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
BloFin QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| RISEx QQQ/USDC | +0.0015% | 1h | 741.72 | +0.036% | $5.1M | $9.1M | 25x | as long as short |
| Bybit QQQUSDT | +0.0018% | 8h | 741.60 | +0.020% | $10.7M | $6.0M | 50x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 741.44 | −0.001% | $7.9M | $21.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 741.91 | +0.062% | $38.6M | $83.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 740.79 | −0.089% | $736K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 742.23 | +0.105% | — | $621K | 50x | as long as short |
| Nado QQQ-PERP | +0.0047% | 1h | 741.23 | −0.029% | $1.5M | $1.4M | 20x | as long as short |
| Variational Omni QQQ | +0.0060% | 8h | 741.36 | −0.013% | $17.2M | $10.5M | — | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 741.15 | −0.040% | $1.2M | $853K | 20x | as long as short |
| Phoenix QQQ | +0.0065% | 1h | 740.97 | −0.065% | $38K | $73K | 20x | as long as short |
| Binance QQQUSDT | +0.0083% | 8h | 741.50 | +0.007% | $68.6M | $160.5M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 741.12 | −0.045% | $3.4M | $447K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 741.31 | −0.019% | $20K | $2.1M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 741.25 | −0.027% | $7K | $15K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 740.89 | −0.076% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0146% | 8h | 741.70 | +0.034% | $323K | $1.6M | 10x | as long as short |
| Bitget QQQUSDTshort | +0.0244% | 8h | 741.60 | +0.020% | $16.8M | $7.6M | 20x | |
| edgeX QQQUSDC | +0.0939% | 4h | 741.54 | +0.013% | $758K | $337K | 20x | as long as short |
RISEx QQQ/USDC
Bybit QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Nado QQQ-PERP
Variational Omni QQQ
Coinbase International QQQ-PERP-INTX
Phoenix QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
edgeX QQQUSDC