Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.013%

Price spread now: Arcus against Bitget−0.087%7-day average −0.175% · 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−$13as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.087%, 7d avg −0.175%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.088% dearer against Bitget than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.175%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 3 days (−0.021% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QQQUSDT	743.10	0.0196	pay 0.0196% / 8h	48m 46s	$16.9M	$7.1M	20x
Short	Arcus QQQ-USD	742.45	0.0040	get 0.0005% / 1h	48m 46s	$737K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$32.7
Price spread: −0.087% → −0.175%: $8.77
Slippage, 4 orders: −$5.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$45.93
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Arcus: live order book, just now.

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, 5 min ago	0.07 bp	6.1 bp −$6	8.5 bp −$85	12.6 bp −$1,264	doesn't fit
Sell Arcus live order book, just now	0.34 bp	5.1 bp −$5	6.0 bp −$60	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 −0.0069% / S +0.0181%	1h	743.27	+0.024%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	743.03	−0.009%	$841K	$780K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.09	−0.001%	$21.5M	$27.7M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.71	−0.052%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.71	+0.082%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.13	+0.004%	$257K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.48	+0.051%	$361K	$1.4M	10x	as long as short
BloFin QQQ-USDT	+0.0028%	8h	742.84	−0.035%	$1.0M	$468K	20x	as long as short
Arcus QQQ-USDshort	+0.0040%	1h	742.45	−0.087%	$737K	$1.4M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	743.67	+0.077%	—	$621K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QQQ	+0.0046%	8h	743.13	+0.004%	$17.6M	$10.3M	—	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	742.20	−0.121%	$4.2M	$2.1M	20x	as long as short
Lighter RH QQQ	+0.0056%	1h	743.44	+0.046%	$37.7M	$78.7M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0072%	1h	742.80	−0.040%	$1.2M	$866K	20x	as long as short
Binance QQQUSDT	+0.0078%	8h	743.27	+0.023%	$71.0M	$160.6M	25x	as long as short
Lighter QQQ	+0.0096%	1h	743.11	+0.001%	$7.7M	$20.8M	30x	as long as short
Bybit QQQUSDT	+0.0097%	8h	743.41	+0.042%	$10.7M	$5.2M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.75	−0.047%	$3.4M	$424K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.72	−0.051%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.95	−0.020%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.54	−0.076%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0184%	1h	742.74	−0.048%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0187%	8h	743.36	+0.035%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.44	+0.045%	$5.4M	$8.9M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	742.65	−0.061%	$38K	$73K	20x	as long as short
Bitget QQQUSDTlong	+0.0196%	8h	743.10	long leg	$16.9M	$7.1M	20x
Deribit QQQ_USDC-PERPETUAL	+0.0275%	1h	743.05	−0.007%	$424K	$187K	20x	as long as short
edgeX QQQUSDC	+0.0925%	4h	743.13	+0.004%	$760K	$336K	20x	as long as short