Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.010%

Price spread now: Gate against Arcus+0.075%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.075%, 7d avg +0.138%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.062% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.138%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus QQQ-USD	743.23	0.0040	pay 0.0005% / 1h	31m 56s	$695K	$1.6M	25x
Short	Gate QQQ_USDT	743.79	0	get 0.0000% / 8h	5h 31m	$3.3M	$21.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now +0.075%Rate

Funding earned: −$8.46
Price spread: +0.075% → +0.138%: −$6.23
Slippage, 4 orders: −$14.28
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.46
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Gate: live order book, 2 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 Arcus live order book, 2 min ago	0.40 bp	5.2 bp −$5	8.8 bp −$88	27.7 bp −$2,772	doesn't fit
Sell Gate live order book, 2 min ago	3.03 bp	11.0 bp −$11	13.9 bp −$139	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	744.26	+0.139%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0039%	1h	742.96	−0.036%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.25	+0.137%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.33	+0.148%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.13	+0.121%	$21.7M	$26.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	744.31	+0.146%	$5.4M	$7.5M	25x	as long as short
Gate QQQ_USDTshort	0.0000%	8h	743.79	+0.075%	$3.3M	$21.1M	50x
Bitget QQQUSDT	0.0000%	8h	744.39	+0.156%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.70	+0.198%	$2K	$2.0M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.45	+0.164%	$257K	$29K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	744.50	+0.171%	$360K	$1.5M	10x	as long as short
BloFin QQQ-USDT	+0.0027%	8h	744.12	+0.120%	$1.1M	$303K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.06	+0.112%	$7.7M	$17.1M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.44	+0.163%	$37.3M	$79.3M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	743.51	+0.038%	$1.2M	$535K	20x	as long as short
Variational Omni QQQ	+0.0039%	8h	744.17	+0.126%	$17.1M	$7.5M	—	as long as short
Arcus QQQ-USDlong	+0.0040%	1h	743.23	long leg	$695K	$1.6M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	745.21	+0.266%	—	$337K	50x	as long as short
Binance QQQUSDT	+0.0066%	8h	744.27	+0.140%	$71.2M	$143.7M	25x	as long as short
Nado QQQ-PERP	+0.0092%	1h	743.91	+0.092%	$1.5M	$925K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.93	+0.094%	$3.4M	$408K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.86	+0.085%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.99	+0.102%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.43	+0.027%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.04	+0.109%	$425K	$149K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0149%	8h	744.36	+0.152%	$319K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0161%	1h	743.88	+0.087%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0195%	4h	744.11	+0.118%	$761K	$335K	20x	as long as short