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

QQQ

RWAall QQQ markets
SwapBacktest
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: Phemex against Bitget+0.011%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$790.790% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.119%−$12 on $10k
Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.011%, 7d avg +0.002%
Together, before fees−0.046%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget QQQUSDT744.600get 0.0000% / 8h4h 23m$16.9M$5.7M20x
ShortPhemex QQQUSDT744.680get 0.0000% / 8h4h 23m$362K$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.011% → +0.002%
$0.85
Slippage, 4 orders
−$54.99
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$78.14
Costs to cover
0.790%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 4 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 Bitget live order book, 5 min ago0.07 bp6.4 bp −$69.2 bp −$9213.1 bp −$1,309doesn't fit
Sell Phemex live order book, 4 min ago1.21 bp31.7 bp −$32doesn't fitdoesn't fitdoesn'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
Ondo Perps QQQ-USD.P−0.0165%1h743.14−0.196%$4.2M$1.8M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0124% / S +0.0224%1h744.48−0.017%$25K26xas long as short
BloFin QQQ-USDT−0.0025%8h744.19−0.055%$1.1M$271K20xas long as short
Aster QQQUSDT0.0000%8h744.51−0.013%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h744.46−0.019%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.36−0.032%$21.5M$26.9M50xas long as short
RISEx QQQ/USDC0.0000%1h744.54−0.008%$5.4M$7.4M25xas long as short
Gate QQQ_USDT0.0000%8h743.90−0.094%$3.3M$20.8M50xas long as short
Bitget QQQUSDTlong0.0000%8h744.60long leg$16.9M$5.7M20x
Variational Omni QQQ0.0000%8h744.19−0.055%$17.1M$7.5Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h744.83+0.031%$2K$1.9M10xas long as short
Deribit QQQ_USDC-PERPETUAL0.0000%1h744.11−0.066%$425K$149K20xas long as short
HTX QQQ-USDT0.0000%8h744.54−0.008%$257K$29K30xas long as short
Phemex QQQUSDTshort0.0000%8h744.68+0.011%$362K$1.5M10x
Coinbase International QQQ-PERP-INTX+0.0008%1h743.80−0.107%$1.2M$537K20xas long as short
Lighter QQQ+0.0032%1h744.38−0.030%$7.7M$16.4M30xas long as short
Binance QQQUSDT+0.0033%8h744.53−0.009%$71.1M$141.5M25xas long as short
Arcus QQQ-USD+0.0040%1h743.74−0.115%$699K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.46+0.115%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.83+0.031%$36.9M$79.3M50xas long as short
Nado QQQ-PERP+0.0097%1h744.14−0.062%$1.5M$877K20xas long as short
KuCoin QQQUSDTM+0.0100%8h744.19−0.055%$3.4M$367K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.95−0.087%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h744.21−0.052%$12K$21K20xas long as short
GRVT QQQ_USDT_Perp+0.0102%8h744.49−0.015%$324K$1.9M10xas long as short
Aevo QQQ-PERP+0.0104%1h743.66−0.126%$93K$1K10xas long as short
Phoenix QQQ+0.0129%1h744.00−0.081%$38K$66K20xas long as short
edgeX QQQUSDC+0.0725%4h744.24−0.049%$761K$333K20xas long as short