QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0186%/8h= −20.4% APRnext payment −$1.86 per $10,000 · paid last 24h −0.023%

Price spread now: SunX against Bitget+0.063%50s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as 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−$770.770% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.063%, 7d avg +0.014%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.050% dearer against Bitget than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.014%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.109% in total) that is about 3.2 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget QQQUSDT	743.29	0.0186	pay 0.0186% / 8h	26m 28s	$16.9M	$7.0M	20x
Short	SunX QQQ-USDT	743.76	0	get 0.0000% / 8h	26m 28s	$2K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$39.06
Price spread: +0.063% → +0.014%: $4.95
Slippage, 4 orders: −$56.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$111.07
Costs to cover: 0.770%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 10 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	9.1 bp −$91	13.0 bp −$1,301	doesn't fit
Sell SunX live order book, 10 min ago	21.64 bp	38.2 bp −$38	doesn't fit	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 −0.0074% / S +0.0184%	1h	743.29	+0.001%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	743.36	+0.009%	$845K	$783K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.20	−0.012%	$21.6M	$27.8M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.98	−0.042%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDTshort	0.0000%	8h	743.76	+0.063%	$2K	$2.3M	10x
HTX QQQ-USDT	0.0000%	8h	743.15	−0.019%	$257K	$25K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.88	+0.079%	$360K	$1.4M	10x	as long as short
BloFin QQQ-USDT	+0.0012%	8h	743.09	−0.027%	$1.1M	$469K	20x	as long as short
Ondo Perps QQQ-USD.P	+0.0022%	1h	742.06	−0.165%	$4.2M	$2.0M	20x	as long as short
Lighter RH QQQ	+0.0040%	1h	743.55	+0.035%	$37.5M	$80.0M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus QQQ-USD	+0.0040%	1h	742.68	−0.082%	$694K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.87	+0.078%	—	$621K	50x	as long as short
Variational Omni QQQ	+0.0048%	8h	743.27	−0.003%	$17.6M	$10.3M	—	as long as short
Lighter QQQ	+0.0072%	1h	743.24	−0.007%	$7.6M	$20.9M	30x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0072%	1h	742.85	−0.059%	$1.2M	$865K	20x	as long as short
Binance QQQUSDT	+0.0076%	8h	743.40	+0.014%	$71.0M	$160.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.92	−0.050%	$3.4M	$419K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.89	−0.054%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.01	−0.038%	$12K	$21K	20x	as long as short
Bybit QQQUSDT	+0.0103%	8h	743.27	−0.003%	$10.7M	$5.2M	50x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.58	−0.096%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0178%	1h	742.89	−0.054%	$1.5M	$1.3M	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0181%	1h	743.10	−0.026%	$424K	$164K	20x	as long as short
Bitget QQQUSDTlong	+0.0186%	8h	743.29	long leg	$16.9M	$7.0M	20x
GRVT QQQ_USDT_Perp	+0.0191%	8h	743.46	+0.023%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.51	+0.030%	$5.4M	$8.9M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	742.97	−0.043%	$38K	$73K	20x	as long as short
edgeX QQQUSDC	+0.0408%	4h	743.26	−0.004%	$760K	$334K	20x	as long as short