Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against Bitget−0.096%53s7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.350% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.096%, 7d avg −0.089%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QQQUSDT	741.87	0	get 0.0000% / 8h	6h 18m	$16.6M	$5.3M	20x
Short	ApeX Omni QQQUSDT	741.16	0.0100	get 0.0013% / 1h	18m 36s	$20K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.096%Rate

Funding earned: $21
Price spread: −0.096% → −0.089%: −$0.65
Slippage, 4 orders: −$12.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$14.6
Costs to cover: 0.350%
Break-even: 11.9 days

Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 4 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 Bitget live order book, 3 min ago	0.07 bp	6.5 bp −$6	7.7 bp −$77	12.3 bp −$1,229	doesn't fit
Sell ApeX Omni live order book, 4 min ago	3.78 bp	11.2 bp −$11	44.4 bp −$444	doesn't fit	doesn't fit

QQQ on 28 exchanges

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 −0.0200% / S +0.0283%	1h	741.76	−0.014%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0107%	1h	740.41	−0.197%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0003%	8h	741.49	−0.051%	$1.1M	$227K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.71	−0.021%	$856K	$902K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.48	−0.053%	$21.7M	$29.7M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.50	−0.050%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.28	−0.080%	$3.5M	$20.3M	50x	as long as short
Bitget QQQUSDTlong	0.0000%	8h	741.87	long leg	$16.6M	$5.3M	20x
SunX QQQ-USDT	0.0000%	8h	742.16	+0.039%	$2K	$1.5M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	741.83	−0.005%	$251K	$38K	30x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	742.36	+0.066%	$362K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0025%	8h	741.58	−0.039%	$16.8M	$7.2M	—	as long as short
Lighter QQQ	+0.0032%	1h	741.46	−0.055%	$7.5M	$15.0M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.85	−0.003%	$38.4M	$78.0M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	741.32	−0.074%	$1.2M	$526K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.85	−0.137%	$648K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.60	+0.098%	—	$337K	50x	as long as short
Bybit QQQUSDT	+0.0047%	8h	741.76	−0.015%	$10.6M	$4.9M	50x	as long as short
Binance QQQUSDT	+0.0053%	8h	741.77	−0.014%	$71.0M	$141.2M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.32	−0.074%	$3.4M	$447K	20x	as long as short
ApeX Omni QQQUSDTshort	+0.0100%	1h	741.16	−0.096%	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.41	−0.062%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.87	−0.135%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0119%	1h	741.19	−0.092%	$1.6M	$794K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0141%	1h	741.44	−0.058%	$424K	$125K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0192%	8h	741.91	+0.006%	$317K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0280%	1h	741.22	−0.088%	$38K	$59K	20x	as long as short
edgeX QQQUSDC	+0.0933%	4h	741.58	−0.038%	$758K	$336K	20x	as long as short