Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: RISEx against Bitget−0.044%7-day average −0.015% · 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−$200.199% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.132%+$13 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.044%, 7d avg −0.015%

Together, before fees+0.148%+$15 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 0.029% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QQQUSDT	742.09	0	get 0.0000% / 8h	1h 01m	$16.6M	$5.5M	20x
Short	RISEx QQQ/USDC	741.76	0	get 0.0000% / 1h	1m 14s	$5.4M	$6.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.015%: −$2.88
Slippage, 4 orders: −$1.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$22.82
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; RISEx: 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, 2 min ago	0.07 bp	6.6 bp −$7	9.0 bp −$90	13.5 bp −$1,352	doesn't fit
Sell RISEx live order book, 3 min ago	0.14 bp	3.8 bp −$4	4.7 bp −$47	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 −0.0166% / S +0.0257%	1h	742.07	−0.003%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0059%	8h	741.37	−0.097%	$3.4M	$21.6M	50x	as long as short
BloFin QQQ-USDT	−0.0028%	8h	741.82	−0.036%	$1.1M	$271K	20x	as long as short
Ondo Perps QQQ-USD.P	−0.0025%	1h	740.51	−0.213%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.99	−0.013%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.95	−0.019%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.78	−0.042%	$21.4M	$28.3M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	741.76	−0.044%	$5.4M	$6.3M	25x
Bitget QQQUSDTlong	0.0000%	8h	742.09	long leg	$16.6M	$5.5M	20x
Variational Omni QQQ	0.0000%	8h	741.89	−0.028%	$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	742.79	+0.094%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.18	+0.012%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.12	+0.004%	$362K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0003%	8h	742.05	−0.006%	$70.0M	$143.8M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.37	−0.097%	$1.2M	$489K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.83	−0.035%	$7.7M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.17	+0.011%	$37.1M	$81.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.13	−0.129%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.98	+0.120%	—	$337K	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0074%	1h	741.71	−0.051%	$424K	$155K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.55	−0.073%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.40	−0.093%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.70	−0.053%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.21	−0.118%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0117%	1h	741.61	−0.065%	$1.6M	$764K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0119%	8h	742.17	+0.011%	$314K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0205%	1h	741.63	−0.062%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0705%	4h	741.81	−0.038%	$758K	$336K	20x	as long as short