Funding you earn now, next payment 04:00 UTC−0.0995%/8h= −109.0% APRpaid last 24h +0.012%
Price spread now: OKX against edgeX−0.014%91s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as 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−$280.281% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.014%, 7d avg +0.010%
=Together, before fees+0.033%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and OKX is 0.024% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 91 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 0.009% in total (about 0.5% 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 | edgeX QQQUSDC | 744.25 | 0.0995 | pay 0.0498% / 4h | 3h 46m | $761K | $336K | 20x |
| Short | OKX QQQ-USDT-SWAP | 744.15 | 0 | get 0.0000% / 8h | 7h 46m | $21.5M | $25.4M | 50x |
edgeX QQQUSDC
OKX QQQ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$209.02
- Price spread: −0.014% → +0.010%
- −$2.38
- Slippage, 4 orders
- −$9.15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$239.54
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 28 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 edgeX live order book, 28 min ago | 4.10 bp | 8.7 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.07 bp | 5.7 bp −$6 | 7.6 bp −$76 | 15.9 bp −$1,595 | 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 | −0.0370% | 1h | 742.51 | −0.234% | $4.2M | $2.0M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0082% / S +0.0191% | 1h | 744.25 | 0.000% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0022% | 8h | 744.06 | −0.026% | $1.0M | $318K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 743.73 | −0.070% | $841K | $760K | 20x | as long as short |
| OKX QQQ-USDT-SWAPshort | 0.0000% | 8h | 744.15 | −0.014% | $21.5M | $25.4M | 50x | |
| Gate QQQ_USDT | 0.0000% | 8h | 743.93 | −0.043% | $3.2M | $26.7M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.74 | +0.065% | $2K | $2.2M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.80 | +0.074% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.56 | +0.041% | $361K | $1.4M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0005% | 1h | 743.87 | −0.051% | $425K | $147K | 20x | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.01 | −0.033% | $7.6M | $18.1M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.35 | +0.013% | $37.3M | $79.0M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.46 | −0.107% | $747K | $1.5M | 25x | as long as short |
| Variational Omni QQQ | +0.0042% | 8h | 744.27 | +0.002% | $17.1M | $10.9M | — | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 744.79 | +0.072% | — | $336K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0064% | 1h | 743.88 | −0.050% | $1.2M | $581K | 20x | as long as short |
| Binance QQQUSDT | +0.0071% | 8h | 744.36 | +0.014% | $71.0M | $155.1M | 25x | as long as short |
| Bybit QQQUSDT | +0.0087% | 8h | 744.45 | +0.027% | $10.7M | $4.9M | 50x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.88 | −0.050% | $3.4M | $413K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.83 | −0.057% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 743.99 | −0.035% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.52 | −0.098% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0115% | 1h | 744.01 | −0.033% | $1.5M | $1.2M | 20x | as long as short |
| Bitget QQQUSDT | +0.0180% | 8h | 744.34 | +0.012% | $16.9M | $6.6M | 20x | as long as short |
| RISEx QQQ/USDC | +0.0208% | 1h | 744.40 | +0.019% | $5.5M | $9.0M | 25x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0219% | 8h | 744.39 | +0.018% | $327K | $1.8M | 10x | as long as short |
| Phoenix QQQ | +0.0258% | 1h | 743.91 | −0.046% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDClong | +0.0995% | 4h | 744.25 | long leg | $761K | $336K | 20x |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Variational Omni QQQ
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Binance QQQUSDT
Bybit QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Bitget QQQUSDT
RISEx QQQ/USDC
GRVT QQQ_USDT_Perp
Phoenix QQQ