Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: RISEx against Bybit−0.025%45s7-day average −0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.217% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.186%+$19 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.025%, 7d avg −0.002%

Together, before fees+0.205%+$21 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 0.023% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QQQUSDT	741.60	0	get 0.0000% / 8h	10m 55s	$10.7M	$5.0M	50x
Short	RISEx QQQ/USDC	741.41	0	get 0.0000% / 1h	10m 55s	$5.4M	$5.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.002%: −$2.31
Slippage, 4 orders: −$4.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$24.04
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Bybit: 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 Bybit live order book, 2 min ago	0.27 bp	7.7 bp −$8	14.1 bp −$141	95.4 bp −$9,543	doesn't fit
Sell RISEx live order book, 3 min ago	0.40 bp	3.4 bp −$3	4.1 bp −$41	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 −0.0177% / S +0.0265%	1h	741.66	+0.009%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0147%	1h	740.60	−0.135%	$4.2M	$1.8M	20x	as long as short
Gate QQQ_USDT	−0.0093%	8h	741.21	−0.053%	$3.3M	$21.7M	50x	as long as short
BloFin QQQ-USDT	−0.0008%	8h	741.40	−0.027%	$1.1M	$274K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.60	−0.001%	$823K	$864K	20x	as long as short
Bybit QQQUSDTlong	0.0000%	8h	741.60	long leg	$10.7M	$5.0M	50x
OKX QQQ-USDT-SWAP	0.0000%	8h	741.40	−0.027%	$21.4M	$28.3M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	741.41	−0.025%	$5.4M	$5.9M	25x
Bitget QQQUSDT	0.0000%	8h	741.78	+0.024%	$16.5M	$5.3M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.57	−0.004%	$16.8M	$7.2M	—	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	742.02	+0.057%	$2K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	741.93	+0.044%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.01	+0.055%	$361K	$1.6M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.15	−0.061%	$1.2M	$488K	20x	as long as short
Binance QQQUSDT	+0.0023%	8h	741.63	+0.004%	$70.3M	$140.9M	25x	as long as short
edgeX QQQUSDC	+0.0027%	4h	741.76	+0.021%	$758K	$337K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.42	−0.024%	$7.7M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.75	+0.020%	$37.3M	$81.2M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.94	−0.089%	$647K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.60	+0.135%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.20	−0.054%	$3.4M	$352K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.53	−0.009%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.37	−0.031%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.93	−0.090%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0139%	1h	741.24	−0.049%	$1.6M	$746K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0143%	8h	742.13	+0.072%	$315K	$2.0M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0155%	1h	741.31	−0.039%	$423K	$156K	20x	as long as short
Phoenix QQQ	+0.0227%	1h	741.64	+0.005%	$38K	$65K	20x	as long as short