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 −0.014%

Price spread now: SunX against Bybit+0.113%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.113%, 7d avg +0.030%

Together, before fees−0.113%−$11 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: SunX is 0.083% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QQQUSDT	741.95	0	get 0.0000% / 8h	1h 00m	$10.5M	$5.2M	50x
Short	SunX QQQ-USDT	742.79	0	get 0.0000% / 8h	1h 00m	$2K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.030%: $8.29
Slippage, 4 orders: −$58.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$69.05
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 15 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, 3 min ago	0.07 bp	6.6 bp −$7	6.6 bp −$66	53.7 bp −$5,373	doesn't fit
Sell SunX live order book, 15 min ago	21.62 bp	38.0 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 −0.0166% / S +0.0257%	1h	742.07	+0.015%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0060%	8h	741.37	−0.078%	$3.4M	$21.6M	50x	as long as short
BloFin QQQ-USDT	−0.0028%	8h	741.82	−0.018%	$1.1M	$271K	20x	as long as short
Ondo Perps QQQ-USD.P	−0.0026%	1h	740.60	−0.182%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.01	+0.008%	$823K	$858K	20x	as long as short
Bybit QQQUSDTlong	0.0000%	8h	741.95	long leg	$10.5M	$5.2M	50x
OKX QQQ-USDT-SWAP	0.0000%	8h	741.78	−0.023%	$21.4M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.76	−0.025%	$5.4M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.09	+0.019%	$16.6M	$5.4M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.94	−0.002%	$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-USDTshort	0.0000%	8h	742.79	+0.113%	$2K	$1.8M	10x
HTX QQQ-USDT	0.0000%	8h	742.18	+0.031%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.12	+0.023%	$362K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0003%	8h	742.06	+0.015%	$70.0M	$143.7M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.37	−0.078%	$1.2M	$489K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.84	−0.015%	$7.7M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.17	+0.030%	$37.1M	$81.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.14	−0.109%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.98	+0.139%	—	$337K	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0074%	1h	741.71	−0.032%	$424K	$155K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.56	−0.053%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.40	−0.074%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.70	−0.034%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.21	−0.099%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0117%	1h	741.61	−0.046%	$1.6M	$764K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0119%	8h	742.17	+0.029%	$314K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0205%	1h	741.63	−0.043%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0705%	4h	741.81	−0.019%	$758K	$336K	20x	as long as short