Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate−0.023%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.023%, 7d avg −0.052%

Together, before fees+0.191%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.029% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	743.15	0	get 0.0000% / 8h	22m 43s	$3.1M	$32.8M	50x
Short	ApeX Omni QQQUSDT	742.98	0.0100	get 0.0013% / 1h	22m 43s	$20K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.023%Rate

Funding earned: $21
Price spread: −0.023% → −0.052%: $2.93
Slippage, 4 orders: −$18.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.48
Costs to cover: 0.434%
Break-even: 13.5 days

Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 1 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 Gate live order book, 1 min ago	1.14 bp	9.1 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	3.84 bp	11.1 bp −$11	35.6 bp −$356	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 −0.0075% / S +0.0185%	1h	743.38	+0.032%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0023%	8h	743.09	−0.008%	$1.1M	$469K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.36	+0.028%	$845K	$783K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.17	+0.003%	$21.6M	$27.8M	50x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	743.15	long leg	$3.1M	$32.8M	50x
SunX QQQ-USDT	0.0000%	8h	743.81	+0.089%	$2K	$2.3M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.13	−0.003%	$257K	$25K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.78	+0.085%	$362K	$1.4M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0007%	1h	742.05	−0.148%	$4.2M	$2.1M	20x	as long as short
Lighter RH QQQ	+0.0040%	1h	743.61	+0.062%	$37.5M	$80.2M	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	742.66	−0.066%	$694K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.88	+0.098%	—	$621K	50x	as long as short
Variational Omni QQQ	+0.0047%	8h	743.33	+0.024%	$17.6M	$10.3M	—	as long as short
Lighter QQQ	+0.0072%	1h	743.25	+0.013%	$7.6M	$20.9M	30x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0072%	1h	742.85	−0.040%	$1.2M	$865K	20x	as long as short
Binance QQQUSDT	+0.0076%	8h	743.41	+0.035%	$71.0M	$160.7M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.96	−0.026%	$3.4M	$418K	20x	as long as short
ApeX Omni QQQUSDTshort	+0.0100%	1h	742.98	−0.023%	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.12	−0.004%	$12K	$21K	20x	as long as short
Bybit QQQUSDT	+0.0102%	8h	743.46	+0.042%	$10.7M	$5.2M	50x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.71	−0.059%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0175%	1h	743.03	−0.017%	$1.5M	$1.3M	20x	as long as short
Bitget QQQUSDT	+0.0185%	8h	743.39	+0.032%	$16.9M	$7.0M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0190%	8h	743.51	+0.048%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.58	+0.059%	$5.4M	$8.9M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	742.91	−0.032%	$38K	$73K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0235%	1h	743.20	+0.007%	$425K	$164K	20x	as long as short
edgeX QQQUSDC	+0.0822%	4h	743.37	+0.029%	$760K	$335K	20x	as long as short