Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.010%
Price spread now: Arcus against Gate−0.055%7-day average −0.138% · 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−$25as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 4 days (all we have)+0.042%+$4 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now −0.055%, 7d avg −0.138%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.138%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate QQQ_USDT | 744.03 | 0 | get 0.0000% / 8h | 5h 04m | $3.3M | $21.2M | 50x |
| Short | Arcus QQQ-USD | 743.62 | 0.0040 | get 0.0005% / 1h | 4m 00s | $695K | $1.6M | 25x |
Gate QQQ_USDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Gate. 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
- $8.46
- Price spread: −0.055% → −0.138%
- $8.25
- Slippage, 4 orders
- −$13.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$16.41
- Costs to cover
- 0.331%
- Break-even
- 20.6 days
Slippage from Gate: live order book, 5 min ago; Arcus: live order book, 5 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 Gate live order book, 5 min ago | 2.02 bp | 12.3 bp −$12 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 5 min ago | 1.01 bp | 5.4 bp −$5 | 11.4 bp −$114 | 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 −0.0116% / S +0.0217% | 1h | 744.53 | +0.068% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0075% | 1h | 743.24 | −0.106% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.43 | +0.054% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.57 | +0.073% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.36 | +0.044% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.61 | +0.078% | $5.4M | $7.5M | 25x | as long as short |
| Gate QQQ_USDTlong | 0.0000% | 8h | 744.03 | long leg | $3.3M | $21.2M | 50x | |
| Bitget QQQUSDT | 0.0000% | 8h | 744.60 | +0.077% | $16.9M | $5.7M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.98 | +0.128% | $2K | $1.9M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.78 | +0.101% | $257K | $29K | 30x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Bitget QQQUSDT
SunX QQQ-USDT
HTX QQQ-USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex QQQUSDT | 0.0000% | 8h | 744.77 | +0.099% | $360K | $1.5M | 10x | as long as short |
| BloFin QQQ-USDT | +0.0007% | 8h | 744.37 | +0.046% | $1.1M | $281K | 20x | as long as short |
| Variational Omni QQQ | +0.0018% | 8h | 744.37 | +0.046% | $17.1M | $7.5M | — | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.31 | +0.038% | $7.7M | $17.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.75 | +0.097% | $37.1M | $80.7M | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0032% | 1h | 743.92 | −0.015% | $1.2M | $535K | 20x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.62 | −0.055% | $695K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.52 | +0.200% | — | $337K | 50x | as long as short |
| Binance QQQUSDT | +0.0052% | 8h | 744.46 | +0.058% | $71.2M | $142.7M | 25x | as long as short |
| Nado QQQ-PERP | +0.0082% | 1h | 744.27 | +0.032% | $1.5M | $876K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0099% | 1h | 744.27 | +0.032% | $425K | $149K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.18 | +0.020% | $3.4M | $403K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.09 | +0.008% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.21 | +0.024% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.70 | −0.045% | $93K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0122% | 8h | 744.53 | +0.067% | $322K | $1.9M | 10x | as long as short |
| Phoenix QQQ | +0.0161% | 1h | 744.07 | +0.005% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0314% | 4h | 744.40 | +0.049% | $761K | $335K | 20x | as long as short |
Phemex QQQUSDT
BloFin QQQ-USDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Coinbase International QQQ-PERP-INTX
Vest QQQ-USD-PERP
Binance QQQUSDT
Nado QQQ-PERP
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ
edgeX QQQUSDC