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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%
Price spread now: Bitget against Coinbase International+0.073%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.117%−$12 on $10k
Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.073%, 7d avg +0.096%
Together, before fees−0.270%−$27 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: Bitget is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International QQQ-PERP-INTX743.180get 0.0000% / 1h51m 40s$1.2M$536K20x
ShortBitget QQQUSDT743.720get 0.0000% / 8h3h 51m$16.9M$5.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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: +0.073% → +0.096%
−$2.33
Slippage, 4 orders
−$2.06
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$26.38
Costs to cover
0.241%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Bitget: live order book, 2 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 Coinbase International live order book, 2 min ago0.07 bp5.1 bp −$56.6 bp −$66doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago0.07 bp6.6 bp −$78.4 bp −$8412.4 bp −$1,238doesn'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
GMX QQQ/USD [ETH-USDC]L −0.0131% / S +0.0229%1h743.61+0.057%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0038%1h742.62−0.075%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0016%8h743.63+0.061%$1.1M$256K20xas long as short
Aster QQQUSDT0.0000%8h743.42+0.033%$840K$714K20xas long as short
Bybit QQQUSDT0.0000%8h743.64+0.062%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.39+0.028%$21.5M$26.9M50xas long as short
Gate QQQ_USDT0.0000%8h743.25+0.009%$3.3M$20.7M50xas long as short
Bitget QQQUSDTshort0.0000%8h743.72+0.073%$16.9M$5.5M20x
Variational Omni QQQ0.0000%8h743.78+0.081%$17.1M$7.4Mas long as short
SunX QQQ-USDT0.0000%8h744.05+0.117%$2K$1.9M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International QQQ-PERP-INTXlong0.0000%1h743.18long leg$1.2M$536K20x
HTX QQQ-USDT0.0000%8h744.04+0.116%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h743.88+0.094%$362K$1.6M10xas long as short
RISEx QQQ/USDC+0.0010%1h743.75+0.077%$5.4M$7.3M25xas long as short
Binance QQQUSDT+0.0014%8h743.54+0.048%$70.9M$141.1M25xas long as short
Lighter QQQ+0.0032%1h743.41+0.031%$7.7M$15.8M30xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0033%1h743.27+0.012%$425K$150K20xas long as short
Arcus QQQ-USD+0.0040%1h743.10−0.011%$699K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.60+0.191%$337K50xas long as short
Lighter RH QQQ+0.0048%1h743.82+0.086%$37.0M$77.9M50xas long as short
GRVT QQQ_USDT_Perp+0.0086%8h744.21+0.139%$326K$1.9M10xas long as short
Nado QQQ-PERP+0.0095%1h743.38+0.027%$1.5M$790K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.27+0.012%$3.4M$342K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.42+0.032%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.30+0.016%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h742.86−0.044%$92K$1K10xas long as short
Phoenix QQQ+0.0118%1h743.69+0.069%$38K$66K20xas long as short
edgeX QQQUSDC+0.0851%4h743.70+0.069%$760K$334K20xas long as short