Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.040%

Price spread now: Gate against Bitget−0.086%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.086%, 7d avg −0.040%

Together, before fees−0.030%−$3 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: Gate is 0.046% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QQQUSDT	742.52	0	get 0.0000% / 8h	2h 20m	$16.6M	$5.7M	20x
Short	Gate QQQ_USDT	741.88	0	get 0.0000% / 8h	2h 20m	$3.3M	$21.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.040%: −$4.63
Slippage, 4 orders: −$7.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.95
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 3 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	6.8 bp −$7	8.8 bp −$88	11.8 bp −$1,184	doesn't fit
Sell Gate live order book, 3 min ago	1.08 bp	8.7 bp −$9	13.8 bp −$138	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 −0.0150% / S +0.0244%	1h	742.72	+0.026%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	742.34	−0.025%	$823K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	742.74	+0.030%	$69.7M	$144.0M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.61	+0.012%	$10.6M	$5.1M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.47	−0.007%	$21.6M	$28.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	742.52	+0.001%	$5.4M	$6.8M	25x	as long as short
Gate QQQ_USDTshort	0.0000%	8h	741.88	−0.086%	$3.3M	$21.3M	50x
Bitget QQQUSDTlong	0.0000%	8h	742.52	long leg	$16.6M	$5.7M	20x
Variational Omni QQQ	0.0000%	8h	742.35	−0.024%	$16.9M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	743.09	+0.077%	$1K	$1.8M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.04	−0.065%	$1.2M	$539K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.48	−0.005%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.89	+0.050%	$362K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0017%	1h	741.31	−0.163%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	+0.0024%	8h	742.25	−0.036%	$1.1M	$277K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.55	+0.004%	$7.7M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.90	+0.051%	$36.8M	$80.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.30	−0.164%	$690K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.49	+0.131%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0085%	8h	742.34	−0.024%	$320K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.33	−0.026%	$3.4M	$360K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.79	−0.098%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.42	−0.013%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.93	−0.079%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0121%	1h	742.07	−0.061%	$1.5M	$761K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0127%	1h	742.45	−0.009%	$424K	$152K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	741.58	−0.127%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0698%	4h	742.18	−0.046%	$759K	$334K	20x	as long as short