Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h +0.017%

Price spread now: RISEx against Binance−0.048%7-day average +0.006% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.268%+$27 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.048%, 7d avg +0.006%

Together, before fees+0.284%+$28 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: RISEx is 0.053% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance QQQUSDT	742.24	0.0004	pay 0.0004% / 8h	1h 17m	$70.0M	$144.5M	25x
Short	RISEx QQQ/USDC	741.89	0	get 0.0000% / 1h	17m 50s	$5.5M	$6.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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

Position, each leg$Hold fordaysFee BinancebpFee RISExbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$0.9
Price spread: −0.048% → +0.006%: −$5.33
Slippage, 4 orders: −$1.75
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$23.98
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; RISEx: live order book, 1 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 Binance live order book, 10 min ago	0.07 bp	5.1 bp −$5	5.2 bp −$52	9.8 bp −$975	26.5 bp −$13.3K
Sell RISEx live order book, 1 min ago	0.07 bp	3.1 bp −$3	3.2 bp −$32	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 −0.0163% / S +0.0254%	1h	742.25	+0.001%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0035%	8h	741.50	−0.100%	$3.4M	$21.5M	50x	as long as short
BloFin QQQ-USDT	−0.0012%	8h	741.66	−0.078%	$1.1M	$271K	20x	as long as short
Ondo Perps QQQ-USD.P	−0.0003%	1h	740.74	−0.202%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.24	0.000%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.17	−0.009%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.00	−0.032%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	741.89	−0.048%	$5.5M	$6.3M	25x
Bitget QQQUSDT	0.0000%	8h	742.22	−0.003%	$16.5M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.08	−0.022%	$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	742.92	+0.092%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.23	−0.001%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.41	+0.023%	$361K	$1.6M	10x	as long as short
Binance QQQUSDTlong	+0.0004%	8h	742.24	long leg	$70.0M	$144.5M	25x
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.35	−0.120%	$1.2M	$528K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.04	−0.027%	$7.7M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.36	+0.016%	$37.1M	$81.1M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.23	−0.136%	$687K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.06	+0.110%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.77	−0.063%	$3.4M	$354K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.74	−0.067%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.86	−0.051%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.39	−0.114%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0117%	8h	742.28	+0.005%	$322K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0128%	1h	741.63	−0.082%	$1.5M	$768K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0154%	1h	741.96	−0.038%	$424K	$154K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.75	−0.066%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0552%	4h	741.98	−0.035%	$759K	$335K	20x	as long as short