Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.046%
Price spread now: Arcus against RISEx−0.101%7-day average −0.161% · 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−$12as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Funding, last 4 days (all we have)−0.167%−$17 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.101%, 7d avg −0.161%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.059% dearer against RISEx than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.161%. Mind the row above: over the last 4 days funding on this pair cost −0.167%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx QQQ/USDC | 744.33 | 0 | get 0.0000% / 1h | 7m 41s | $5.4M | $7.4M | 25x |
| Short | Arcus QQQ-USD | 743.58 | 0.0040 | get 0.0005% / 1h | 7m 41s | $698K | $1.6M | 25x |
RISEx QQQ/USDC
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against RISEx. 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: −0.101% → −0.161%
- $5.93
- Slippage, 4 orders
- −$7.46
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$3.58
- Costs to cover
- 0.180%
- Break-even
- 10.0 days
Slippage from RISEx: live order book, 1 min ago; Arcus: live order book, 1 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 RISEx live order book, 1 min ago | 0.07 bp | 3.1 bp −$3 | 4.0 bp −$40 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.67 bp | 8.1 bp −$8 | 17.2 bp −$172 | 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 −0.0127% / S +0.0226% | 1h | 744.28 | −0.007% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0127% | 1h | 743.28 | −0.142% | $4.2M | $1.8M | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.28 | −0.007% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.29 | −0.006% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.08 | −0.034% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDClong | 0.0000% | 1h | 744.33 | long leg | $5.4M | $7.4M | 25x | |
| Gate QQQ_USDT | 0.0000% | 8h | 743.73 | −0.081% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.39 | +0.007% | $16.9M | $5.6M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.11 | −0.030% | $17.1M | $7.4M | — | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 744.73 | +0.053% | $2K | $1.9M | 10x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
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 | 744.63 | +0.040% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.47 | +0.018% | $359K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.072% | $1.2M | $536K | 20x | as long as short |
| BloFin QQQ-USDT | +0.0010% | 8h | 744.09 | −0.033% | $1.1M | $261K | 20x | as long as short |
| Binance QQQUSDT | +0.0024% | 8h | 744.28 | −0.007% | $71.0M | $141.4M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.13 | −0.027% | $7.7M | $16.4M | 30x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.58 | −0.101% | $698K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.22 | +0.119% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.53 | +0.026% | $37.0M | $79.9M | 50x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0059% | 1h | 744.00 | −0.045% | $425K | $150K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0091% | 8h | 744.38 | +0.006% | $316K | $1.9M | 10x | as long as short |
| Nado QQQ-PERP | +0.0095% | 1h | 743.92 | −0.056% | $1.5M | $829K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 743.92 | −0.056% | $3.4M | $363K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 743.89 | −0.060% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.00 | −0.045% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.43 | −0.122% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.93 | −0.054% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0993% | 4h | 744.11 | −0.030% | $761K | $334K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
BloFin QQQ-USDT
Binance QQQUSDT
Lighter QQQ
Vest QQQ-USD-PERP
Lighter RH QQQ
Deribit QQQ_USDC-PERPETUAL
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC