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 −0.008%
Price spread now: SunX against Coinbase International+0.209%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$770.767% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.236%−$24 on $10k
Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.209%, 7d avg +0.112%
Together, before fees−0.433%−$43 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 0.097% dearer against Coinbase International than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.112%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International QQQ-PERP-INTX742.640get 0.0000% / 1h46m 47s$1.2M$536K20x
ShortSunX QQQ-USDT744.190get 0.0000% / 8h3h 46m$2K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.209% → +0.112%
$9.71
Slippage, 4 orders
−$58.73
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$67.02
Costs to cover
0.767%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 2 min ago; SunX: live order book, 9 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 bp6.8 bp −$78.5 bp −$8537.5 bp −$3,752doesn't fit
Sell SunX live order book, 9 min ago21.63 bp38.1 bp −$38doesn't fitdoesn't fitdoesn'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 −0.0132% / S +0.0230%1h743.74+0.147%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0027%1h742.29−0.047%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0007%8h743.60+0.129%$1.1M$256K20xas long as short
Aster QQQUSDT0.0000%8h743.82+0.159%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h743.84+0.162%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.54+0.121%$21.5M$26.9M50xas long as short
Gate QQQ_USDT0.0000%8h743.23+0.079%$3.3M$20.7M50xas long as short
Bitget QQQUSDT0.0000%8h743.92+0.172%$16.9M$5.5M20xas long as short
Variational Omni QQQ0.0000%8h743.43+0.107%$17.1M$7.4Mas long as short
SunX QQQ-USDTshort0.0000%8h744.19+0.209%$2K$1.9M10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International QQQ-PERP-INTXlong0.0000%1h742.64long leg$1.2M$536K20x
HTX QQQ-USDT0.0000%8h743.53+0.120%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.16+0.205%$360K$1.6M10xas long as short
RISEx QQQ/USDC+0.0010%1h743.89+0.168%$5.4M$7.3M25xas long as short
Binance QQQUSDT+0.0011%8h743.75+0.150%$70.9M$141.3M25xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0019%1h743.52+0.118%$425K$150K20xas long as short
Lighter QQQ+0.0032%1h743.65+0.136%$7.7M$15.8M30xas long as short
Arcus QQQ-USD+0.0040%1h742.88+0.032%$704K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.71+0.279%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.08+0.194%$37.0M$78.2M50xas long as short
GRVT QQQ_USDT_Perp+0.0079%8h743.34+0.094%$326K$1.9M10xas long as short
Nado QQQ-PERP+0.0095%1h743.51+0.118%$1.5M$782K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.37+0.098%$3.4M$342K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.82+0.024%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.52+0.118%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.00+0.048%$92K$1K10xas long as short
Phoenix QQQ+0.0118%1h743.09+0.061%$38K$66K20xas long as short
edgeX QQQUSDC+0.0649%4h743.23+0.079%$760K$335K20xas long as short