Settings8H · net · $10k
Funding arb · Price arb /

IONQ

RWAall IONQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.024%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1271.266% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.370%+$37 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.024%, 7d avg +0.114%
Together, before fees+0.367%+$37 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.090% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.114%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit IONQUSDT40.8800get 0.0000% / 8h7h 36m$683K$274K25x
ShortGate IONQ_USDT40.8900get 0.0000% / 8h7h 36m$505K$536K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.024% → +0.114%
−$8.96
Slippage, 4 orders
−$100.58
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$135.54
Costs to cover
1.266%
Break-even
never at this rate
Slippage from Bybit: live order book, 29 min ago; Gate: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 29 min ago7.33 bp21.2 bp −$21509.5 bp −$5,095doesn't fitdoesn't fit
Sell Gate live order book, 34 min ago13.46 bp24.9 bp −$25doesn't fitdoesn't fitdoesn't fit

IONQ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX IONQUSDC−0.0648%4h40.893+0.032%$1K$186K10xas long as short
Binance IONQUSDT0.0000%8h40.903+0.056%$741K$1.4M20xas long as short
Bybit IONQUSDTlong0.0000%8h40.880long leg$683K$274K25x
OKX IONQ-USDT-SWAP0.0000%8h40.870−0.024%$105K$245K20xas long as short
QFEX IONQ-USD0.0000%1h40.860−0.049%$1.1M$668K10xas long as short
Gate IONQ_USDTshort0.0000%8h40.890+0.024%$505K$536K20x
Bitget IONQUSDT0.0000%8h40.910+0.073%$1.5M$409K20xas long as short
HTX IONQ-USDT0.0000%8h40.840−0.098%$7K$19K10xas long as short
Phemex IONQUSDT0.0000%8h40.910+0.073%$703K$111K20xas long as short
BloFin IONQ-USDT+0.0005%8h40.890+0.024%$48K$6K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:IONQ+0.0050%1h40.888+0.020%$43K$179K10xas long as short
KuCoin IONQUSDTM+0.0100%8h41.030+0.367%$38K$2.9M20xas long as short