Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.029%

Price spread now: Arcus against Gate−0.085%7-day average −0.134% · 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−$24as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 7 days−0.051%−$5 · spread now −0.085%, 7d avg −0.134%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.049% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	742.31	0	get 0.0000% / 8h	5h 29m	$3.5M	$19.9M	50x
Short	Arcus QQQ-USD	741.68	0.0040	get 0.0005% / 1h	29m 36s	$657K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.085%Rate

Funding earned: $8.46
Price spread: −0.085% → −0.134%: $4.87
Slippage, 4 orders: −$9.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.86
Costs to cover: 0.292%
Break-even: 20.1 days

Slippage from Gate: live order book, 2 min ago; Arcus: live order book, 2 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, 2 min ago	1.82 bp	9.4 bp −$9	14.9 bp −$149	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	1.08 bp	3.8 bp −$4	3.9 bp −$39	doesn't fit	doesn't fit

QQQ on 28 exchanges

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 −0.0202% / S +0.0284%	1h	742.77	+0.063%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0148%	1h	741.32	−0.133%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.79	+0.065%	$856K	$903K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.65	+0.046%	$21.7M	$30.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	742.49	+0.025%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	742.31	long leg	$3.5M	$19.9M	50x
Bitget QQQUSDT	0.0000%	8h	743.02	+0.096%	$17.0M	$5.9M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.23	+0.124%	$2K	$1.5M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.94	+0.085%	$247K	$45K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.87	+0.075%	$360K	$1.6M	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	0.0000%	8h	742.53	+0.030%	$1.1M	$238K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.24	−0.009%	$7.3M	$16.2M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.85	+0.073%	$38.8M	$77.7M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	742.10	−0.028%	$1.2M	$540K	20x	as long as short
Arcus QQQ-USDshort	+0.0040%	1h	741.68	−0.085%	$657K	$1.4M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	743.51	+0.162%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0055%	8h	742.56	+0.034%	$16.8M	$6.9M	—	as long as short
Bybit QQQUSDT	+0.0073%	8h	742.79	+0.065%	$10.6M	$4.9M	50x	as long as short
Binance QQQUSDT	+0.0077%	8h	742.88	+0.077%	$72.2M	$146.6M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.37	+0.008%	$3.4M	$483K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.17	−0.019%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.45	+0.019%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.91	−0.054%	$92K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0114%	1h	742.38	+0.009%	$398K	$108K	20x	as long as short
Nado QQQ-PERP	+0.0145%	1h	742.34	+0.005%	$1.6M	$772K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0233%	8h	742.84	+0.072%	$323K	$2.1M	10x	as long as short
Phoenix QQQ	+0.0302%	1h	742.31	0.000%	$38K	$59K	20x	as long as short
edgeX QQQUSDC	+0.0461%	4h	742.53	+0.030%	$759K	$337K	20x	as long as short