Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.033%
Price spread now: Coinbase International against RISEx−0.057%7-day average −0.090% · 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−$16as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 4 days (all we have)−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.057%, 7d avg −0.090%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.034% dearer against RISEx than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.090%. Mind the row above: over the last 4 days funding on this pair cost −0.094%, 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 | 740.23 | 0 | get 0.0000% / 1h | 19m 58s | $5.4M | $5.7M | 25x |
| Short | Coinbase International QQQ-PERP-INTX | 739.81 | 0.0024 | get 0.0003% / 1h | 19m 58s | $1.2M | $499K | 20x |
RISEx QQQ/USDC
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $5.04
- Price spread: −0.057% → −0.090%
- $3.39
- Slippage, 4 orders
- −$3.19
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$10.76
- Costs to cover
- 0.192%
- Break-even
- 21.9 days
Slippage from RISEx: live order book, 4 min ago; Coinbase International: 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 RISEx live order book, 4 min ago | 0.54 bp | 3.5 bp −$4 | 4.1 bp −$41 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 0.74 bp | 6.2 bp −$6 | 7.8 bp −$78 | 41.9 bp −$4,194 | 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 −0.0187% / S +0.0273% | 1h | 740.51 | +0.039% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0009% | 8h | 740.02 | −0.028% | $1.1M | $278K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.26 | +0.004% | $855K | $903K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 740.79 | +0.076% | $10.6M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.51 | +0.038% | $21.8M | $30.0M | 50x | as long as short |
| RISEx QQQ/USDClong | 0.0000% | 1h | 740.23 | long leg | $5.4M | $5.7M | 25x | |
| Gate QQQ_USDT | 0.0000% | 8h | 739.81 | −0.057% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.84 | +0.083% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 740.96 | +0.099% | $2K | $1.6M | 10x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 740.17 | −0.008% | $423K | $128K | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
Bitget QQQUSDT
SunX QQQ-USDT
Deribit QQQ_USDC-PERPETUALShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX QQQ-USDT | 0.0000% | 8h | 739.76 | −0.063% | $250K | $38K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.63 | +0.054% | $364K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0003% | 8h | 740.38 | +0.020% | $16.7M | $7.2M | — | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0024% | 1h | 739.81 | −0.057% | $1.2M | $499K | 20x | |
| Lighter QQQ | +0.0032% | 1h | 740.26 | +0.004% | $7.6M | $15.5M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.68 | +0.061% | $37.6M | $80.3M | 50x | as long as short |
| Binance QQQUSDT | +0.0032% | 8h | 740.96 | +0.099% | $70.3M | $141.1M | 25x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.55 | −0.092% | $647K | $1.5M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.46 | +0.166% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.35 | −0.119% | $4.2M | $1.8M | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 740.19 | −0.005% | $3.4M | $393K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.50 | −0.098% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.11 | −0.016% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.62 | −0.083% | $92K | $1K | 10x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0137% | 8h | 740.00 | −0.030% | $314K | $2.0M | 10x | as long as short |
| Nado QQQ-PERP | +0.0150% | 1h | 740.09 | −0.018% | $1.6M | $748K | 20x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 739.00 | −0.166% | $38K | $65K | 20x | as long as short |
| edgeX QQQUSDC | +0.0541% | 4h | 739.75 | −0.064% | $756K | $335K | 20x | as long as short |
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQ
Lighter QQQ
Lighter RH QQQ
Binance QQQUSDT
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
GRVT QQQ_USDT_Perp
Nado QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC