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

IONQ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against QFEX+0.174%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1551.545% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.174%, 7d avg +0.138%
Together, before fees+0.113%+$11 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: Bybit is 0.037% dearer against QFEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.138%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX IONQ-USD40.1500.0000get 0.0000% / 1h58m 22s$1.1M$497K10x
ShortBybit IONQUSDT40.2200get 0.0000% / 8h6h 58m$817K$354K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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
$0.03
Price spread: +0.174% → +0.138%
$3.66
Slippage, 4 orders
−$133.51
Fee QFEX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$150.81
Costs to cover
1.545%
Break-even
31426.7 days
Slippage from QFEX: live order book, 2 min ago; Bybit: live order book, 27 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 QFEX live order book, 2 min ago18.67 bp56.6 bp −$5771.3 bp −$713doesn't fitdoesn't fit
Sell Bybit live order book, 27 min ago6.30 bp42.3 bp −$42243.7 bp −$2,437doesn'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
Bitget IONQUSDT−0.0046%8h40.170+0.050%$1.5M$399K20xas long as short
BloFin IONQ-USDT−0.0004%8h40.180+0.075%$50K$9K20xas long as short
QFEX IONQ-USDlong0.0000%1h40.150long leg$1.1M$497K10x
Binance IONQUSDT0.0000%8h40.216+0.166%$752K$1.4M20xas long as short
Bybit IONQUSDTshort0.0000%8h40.220+0.174%$817K$354K25x
OKX IONQ-USDT-SWAP0.0000%8h40.200+0.125%$139K$295K20xas long as short
Gate IONQ_USDT0.0000%8h40.220+0.174%$533K$514K20xas long as short
HTX IONQ-USDT0.0000%8h40.180+0.075%$7K$16K10xas long as short
Phemex IONQUSDT0.0000%8h40.210+0.149%$699K$109K20xas long as short
Entropy io:IONQ+0.0050%1h40.099−0.127%$42K$188K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin IONQUSDTM+0.0100%8h40.270+0.299%$35K$3.0M20xas long as short
edgeX IONQUSDC+0.0458%4h40.212+0.154%$1K$189K10xas long as short