Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.007%

Price spread now: OKX against Arcus+0.086%7-day average +0.150% · 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−$29as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.086%, 7d avg +0.150%

Together, before fees−0.036%−$4 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 OKX is 0.064% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.150%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus QQQ-USD	741.13	0.0040	pay 0.0005% / 1h	1m 05s	$686K	$1.6M	25x
Short	OKX QQQ-USDT-SWAP	741.77	0	get 0.0000% / 8h	1h 01m	$21.4M	$28.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$8.46
Price spread: +0.086% → +0.150%: −$6.37
Slippage, 4 orders: −$8.41
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.74
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; OKX: 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, 3 min ago	0.61 bp	4.7 bp −$5	7.9 bp −$79	25.2 bp −$2,523	doesn't fit
Sell OKX live order book, 2 min ago	0.07 bp	5.1 bp −$5	6.4 bp −$64	13.7 bp −$1,372	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 −0.0166% / S +0.0257%	1h	742.07	+0.126%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0059%	8h	741.37	+0.032%	$3.4M	$21.6M	50x	as long as short
BloFin QQQ-USDT	−0.0028%	8h	741.82	+0.093%	$1.1M	$271K	20x	as long as short
Ondo Perps QQQ-USD.P	−0.0025%	1h	740.51	−0.084%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.99	+0.116%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.95	+0.111%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	741.77	+0.086%	$21.4M	$28.3M	50x
RISEx QQQ/USDC	0.0000%	1h	741.76	+0.085%	$5.4M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.09	+0.130%	$16.6M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.89	+0.102%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.79	+0.224%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.18	+0.142%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.12	+0.134%	$362K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0003%	8h	742.05	+0.124%	$70.0M	$143.7M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.37	+0.032%	$1.2M	$489K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.83	+0.094%	$7.7M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.17	+0.140%	$37.1M	$81.5M	50x	as long as short
Arcus QQQ-USDlong	+0.0040%	1h	741.13	long leg	$686K	$1.6M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	742.98	+0.250%	—	$337K	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0074%	1h	741.71	+0.078%	$424K	$155K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.55	+0.057%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.40	+0.036%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.70	+0.077%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.21	+0.011%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0117%	1h	741.61	+0.064%	$1.6M	$764K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0119%	8h	742.17	+0.140%	$314K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0205%	1h	741.63	+0.067%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0705%	4h	741.81	+0.092%	$758K	$336K	20x	as long as short