Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.007%
Price spread now: Coinbase International against SunX−0.155%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$760.761% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.155%, 7d avg −0.113%
=Funding pays, the price is against you. Coinbase International is 0.042% cheaper against SunX than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of −0.113%). If the spread goes back, that is −$4 on $10k: about 5.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.234% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX QQQ-USDT | 740.83 | 0 | get 0.0000% / 8h | 7h 37m | $1K | $1.7M | 10x |
| Short | Coinbase International QQQ-PERP-INTX | 739.68 | 0.0024 | get 0.0003% / 1h | 37m 03s | $1.2M | $492K | 20x |
SunX QQQ-USDT
Coinbase International QQQ-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against SunX. 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: −0.155% → −0.113%
- −$4.19
- Slippage, 4 orders
- −$58.06
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$75.21
- Costs to cover
- 0.761%
- Break-even
- 111.5 days
Slippage from SunX: live order book, 8 min ago; Coinbase International: 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 SunX live order book, 8 min ago | 21.65 bp | 25.6 bp −$26 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 0.07 bp | 6.9 bp −$7 | 8.2 bp −$82 | 38.0 bp −$3,801 | 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 −0.0184% / S +0.0270% | 1h | 740.39 | −0.059% | $25K | — | 26x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 740.34 | −0.066% | $822K | $864K | 20x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 740.07 | −0.103% | $21.6M | $28.2M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 740.14 | −0.093% | $5.4M | $5.7M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 739.74 | −0.147% | $3.4M | $20.6M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 740.47 | −0.049% | $16.5M | $5.1M | 20x | as long as short |
| SunX QQQ-USDTlong | 0.0000% | 8h | 740.83 | long leg | $1K | $1.7M | 10x | |
| HTX QQQ-USDT | 0.0000% | 8h | 740.70 | −0.018% | $250K | $41K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 740.83 | 0.000% | $365K | $1.6M | 10x | as long as short |
| Variational Omni QQQ | +0.0001% | 8h | 740.33 | −0.067% | $16.7M | $7.2M | — | as long as short |
GMX QQQ/USD [ETH-USDC]
Aster QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
HTX QQQ-USDT
Phemex QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin QQQ-USDT | +0.0006% | 8h | 740.22 | −0.082% | $1.1M | $274K | 20x | as long as short |
| edgeX QQQUSDC | +0.0010% | 4h | 740.44 | −0.052% | $757K | $335K | 20x | as long as short |
| Coinbase International QQQ-PERP-INTXshort | +0.0024% | 1h | 739.68 | −0.155% | $1.2M | $492K | 20x | |
| Bybit QQQUSDT | +0.0030% | 8h | 740.36 | −0.063% | $10.7M | $5.0M | 50x | as long as short |
| Binance QQQUSDT | +0.0031% | 8h | 740.36 | −0.063% | $70.0M | $139.5M | 25x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 740.00 | −0.112% | $7.6M | $15.2M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 740.41 | −0.057% | $37.5M | $79.5M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 739.56 | −0.171% | $646K | $1.7M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 741.26 | +0.058% | — | $337K | 50x | as long as short |
| Ondo Perps QQQ-USD.P | +0.0050% | 1h | 739.24 | −0.215% | $4.2M | $1.8M | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUAL | +0.0061% | 1h | 740.07 | −0.103% | $423K | $157K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 739.94 | −0.120% | $3.4M | $379K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 739.90 | −0.126% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 740.09 | −0.100% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 739.58 | −0.169% | $92K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0150% | 1h | 739.96 | −0.117% | $1.6M | $742K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0184% | 8h | 740.55 | −0.038% | $326K | $2.0M | 10x | as long as short |
| Phoenix QQQ | +0.0248% | 1h | 740.22 | −0.082% | $38K | $65K | 20x | as long as short |
BloFin QQQ-USDT
edgeX QQQUSDC
Bybit QQQUSDT
Binance QQQUSDT
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Ondo Perps QQQ-USD.P
Deribit QQQ_USDC-PERPETUAL
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
GRVT QQQ_USDT_Perp
Phoenix QQQ