Funding you earn now, next payment 00:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h +0.062%
Price spread now: Gate against edgeX−0.057%82s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as 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−$400.397% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.057%, 7d avg −0.017%
=Together, before fees−0.022%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Gate is 0.040% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.017%). Swap the legs. The two prices were read 82 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 7 days it paid -0.071% in total (about -3.7% 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 | edgeX QQQUSDC | 743.22 | 0.0437 | pay 0.0218% / 4h | 38m 13s | $760K | $335K | 20x |
| Short | Gate QQQ_USDT | 742.80 | 0 | get 0.0000% / 8h | 38m 13s | $3.1M | $32.8M | 50x |
edgeX QQQUSDC
Gate QQQ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against edgeX. 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
- −$91.68
- Price spread: −0.057% → −0.017%
- −$4.03
- Slippage, 4 orders
- −$15.65
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$135.36
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 41 min ago; Gate: live order book, 6 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 edgeX live order book, 41 min ago | 4.11 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 1.35 bp | 11.8 bp −$12 | 15.2 bp −$152 | 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 −0.0072% / S +0.0183% | 1h | 743.30 | +0.011% | $25K | — | 26x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 743.16 | −0.009% | $21.6M | $27.7M | 50x | as long as short |
| Gate QQQ_USDTshort | 0.0000% | 8h | 742.80 | −0.057% | $3.1M | $32.8M | 50x | |
| SunX QQQ-USDT | 0.0000% | 8h | 743.73 | +0.068% | $1K | $2.3M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 743.15 | −0.010% | $257K | $26K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 743.94 | +0.096% | $361K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.30 | +0.010% | $841K | $783K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0004% | 8h | 743.09 | −0.018% | $1.1M | $469K | 20x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 742.69 | −0.072% | $738K | $1.4M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 743.74 | +0.069% | — | $621K | 50x | as long as short |
GMX QQQ/USD [ETH-USDC]
OKX QQQ-USDT-SWAP
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
BloFin QQQ-USDT
Arcus QQQ-USD
Vest QQQ-USD-PERPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH QQQ | +0.0048% | 1h | 743.48 | +0.034% | $37.5M | $79.2M | 50x | as long as short |
| Variational Omni QQQ | +0.0050% | 8h | 743.30 | +0.010% | $17.6M | $10.3M | — | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 742.02 | −0.162% | $4.2M | $2.1M | 20x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0072% | 1h | 742.80 | −0.057% | $1.2M | $866K | 20x | as long as short |
| Binance QQQUSDT | +0.0079% | 8h | 743.31 | +0.012% | $71.0M | $160.6M | 25x | as long as short |
| Lighter QQQ | +0.0080% | 1h | 743.16 | −0.009% | $7.6M | $20.9M | 30x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 742.88 | −0.046% | $3.4M | $423K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 742.85 | −0.050% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.07 | −0.021% | $12K | $21K | 20x | as long as short |
| Bybit QQQUSDT | +0.0101% | 8h | 743.39 | +0.022% | $10.7M | $5.2M | 50x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 742.60 | −0.084% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0181% | 1h | 742.78 | −0.060% | $1.5M | $1.3M | 20x | as long as short |
| Bitget QQQUSDT | +0.0191% | 8h | 743.33 | +0.014% | $16.9M | $7.1M | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0192% | 8h | 743.51 | +0.038% | $323K | $1.8M | 10x | as long as short |
| RISEx QQQ/USDC | +0.0193% | 1h | 743.46 | +0.032% | $5.4M | $8.9M | 25x | as long as short |
| Phoenix QQQ | +0.0194% | 1h | 743.04 | −0.025% | $38K | $73K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0194% | 1h | 743.06 | −0.022% | $424K | $173K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0437% | 4h | 743.22 | long leg | $760K | $335K | 20x |
Lighter RH QQQ
Variational Omni QQQ
Ondo Perps QQQ-USD.P
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Lighter QQQ
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Bybit QQQUSDT
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
GRVT QQQ_USDT_Perp
RISEx QQQ/USDC
Phoenix QQQ
Deribit QQQ_USDC-PERPETUAL