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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0132%/8h= +14.4% APRnext payment +$1.32 per $10,000 · paid last 24h +0.099%
Price spread now: Bitget against Binance+0.009%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.233% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.147%+$15 on $10k
Price spread, last 2 days (all we have)+0.019%+$2 · spread now +0.009%, 7d avg +0.029%
Together, before fees+0.166%+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance QQQUSDT742.500.0075pay 0.0075% / 8h1h 31m$69.6M$161.1M25x
ShortBitget QQQUSDT742.570.0207get 0.0207% / 8h1h 31m$16.7M$7.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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
$27.63
Price spread: +0.009% → +0.029%
−$1.98
Slippage, 4 orders
−$1.34
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$2.32
Costs to cover
0.233%
Break-even
6.4 days
Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 2 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 Binance live order book, 12 min ago0.07 bp5.1 bp −$55.4 bp −$5410.1 bp −$1,00726.9 bp −$13.4K
Sell Bitget live order book, 2 min ago0.07 bp6.7 bp −$78.6 bp −$8613.6 bp −$1,365doesn't fit

QQQ on 28 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
GMX QQQ/USD [ETH-USDC]L −0.0070% / S +0.0181%1h742.51+0.002%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0029%1h741.31−0.161%$4.2M$2.2M20xas long as short
BloFin QQQ-USDT−0.0020%8h742.13−0.050%$1.0M$482K20xas long as short
Aster QQQUSDT0.0000%8h742.32−0.024%$840K$780K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.35−0.021%$21.5M$28.2M50xas long as short
Gate QQQ_USDT0.0000%8h742.13−0.050%$3.1M$32.8M50xas long as short
SunX QQQ-USDT0.0000%8h742.96+0.062%$2K$2.4M10xas long as short
HTX QQQ-USDT0.0000%8h742.43−0.010%$256K$32K30xas long as short
Phemex QQQUSDT0.0000%8h742.77+0.036%$361K$1.5M10xas long as short
Lighter RH QQQ+0.0032%1h742.75+0.033%$37.7M$81.3M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus QQQ-USD+0.0040%1h741.77−0.099%$737K$1.4M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.99+0.066%$621K50xas long as short
Lighter QQQ+0.0048%1h742.38−0.017%$7.8M$21.5M30xas long as short
Variational Omni QQQ+0.0052%8h742.38−0.017%$17.2M$10.1Mas long as short
Binance QQQUSDTlong+0.0075%8h742.50long leg$69.6M$161.1M25x
Coinbase International QQQ-PERP-INTX+0.0088%1h741.92−0.078%$1.2M$867K20xas long as short
Bybit QQQUSDT+0.0091%8h742.67+0.023%$10.7M$5.4M50xas long as short
KuCoin QQQUSDTM+0.0100%8h742.04−0.062%$3.4M$436K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.08−0.057%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.19−0.177%$7K$16K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.79−0.096%$92K$1K10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0114%1h742.32−0.025%$424K$229K20xas long as short
Nado QQQ-PERP+0.0163%1h742.05−0.061%$1.5M$1.3M20xas long as short
GRVT QQQ_USDT_Perp+0.0175%8h742.54+0.005%$317K$1.8M10xas long as short
edgeX QQQUSDC+0.0184%4h742.43−0.009%$759K$337K20xas long as short
Bitget QQQUSDTshort+0.0207%8h742.57+0.009%$16.7M$7.1M20x
Phoenix QQQ+0.0259%1h742.06−0.060%$38K$73K20xas long as short
RISEx QQQ/USDC+0.0315%1h742.67+0.022%$5.3M$9.0M25xas long as short