Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0772%/8h= +84.5% APRpaid last 24h +0.003%

Price spread now: edgeX against ApeX Omni+0.035%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.035%, 7d avg +0.011%

Together, before fees−0.072%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and edgeX is 0.024% dearer against ApeX Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni QQQUSDT	743.86	0.0100	pay 0.0013% / 1h	30m 42s	$20K	$2.2M	50x
Short	edgeX QQQUSDC	744.12	0.0872	get 0.0436% / 4h	1h 30m	$761K	$335K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee edgeXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $162.05
Price spread: +0.035% → +0.011%: $2.43
Slippage, 4 orders: −$17.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $127.67
Costs to cover: 0.368%
Break-even: 1.5 days

Slippage from ApeX Omni: live order book, 3 min ago; edgeX: live order book, 33 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 ApeX Omni live order book, 3 min ago	3.76 bp	9.8 bp −$10	23.8 bp −$238	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	4.10 bp	8.6 bp −$9	9.7 bp −$97	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 −0.0110% / S +0.0213%	1h	744.30	+0.060%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0046%	1h	742.96	−0.121%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0019%	8h	744.22	+0.048%	$1.1M	$303K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.36	+0.067%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.41	+0.074%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.28	+0.056%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.35	+0.067%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.83	−0.004%	$3.3M	$21.1M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.39	+0.071%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.79	+0.125%	$2K	$2.0M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	744.48	+0.083%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.68	+0.110%	$360K	$1.5M	10x	as long as short
Lighter QQQ	+0.0032%	1h	744.09	+0.031%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.54	+0.091%	$37.3M	$79.3M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.51	−0.047%	$1.2M	$535K	20x	as long as short
Variational Omni QQQ	+0.0035%	8h	744.15	+0.039%	$17.1M	$7.5M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.24	−0.083%	$694K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.24	+0.186%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0065%	8h	744.30	+0.059%	$71.2M	$143.5M	25x	as long as short
Nado QQQ-PERP	+0.0091%	1h	743.91	+0.007%	$1.5M	$925K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.98	+0.016%	$3.4M	$407K	20x	as long as short
ApeX Omni QQQUSDTlong	+0.0100%	1h	743.86	long leg	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.05	+0.026%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.47	−0.053%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.10	+0.032%	$425K	$149K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0146%	8h	744.35	+0.066%	$319K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0161%	1h	743.88	+0.003%	$38K	$66K	20x	as long as short
edgeX QQQUSDCshort	+0.0872%	4h	744.12	+0.035%	$761K	$335K	20x