Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Bybit against Gate+0.076%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days−0.120%−$12 · spread now +0.076%, 7d avg +0.028%

Together, before fees−0.068%−$7 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: Bybit is 0.048% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	740.95	0	get 0.0000% / 8h	7h 56m	$3.4M	$20.5M	50x
Short	Bybit QQQUSDT	741.51	0	get 0.0000% / 8h	7h 56m	$10.7M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.028%: $4.78
Slippage, 4 orders: −$8.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$29.92
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: 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, 2 min ago	0.07 bp	8.8 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.07 bp	7.4 bp −$7	8.5 bp −$85	69.8 bp −$6,978	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 −0.0179% / S +0.0267%	1h	741.59	+0.086%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	741.49	+0.073%	$824K	$865K	20x	as long as short
Bybit QQQUSDTshort	0.0000%	8h	741.51	+0.076%	$10.7M	$4.9M	50x
OKX QQQ-USDT-SWAP	0.0000%	8h	741.21	+0.035%	$21.5M	$28.2M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.41	+0.062%	$5.3M	$5.8M	25x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	740.95	long leg	$3.4M	$20.5M	50x
Bitget QQQUSDT	0.0000%	8h	741.71	+0.103%	$16.5M	$5.2M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.63	+0.092%	$16.8M	$7.2M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	741.89	+0.127%	$2K	$1.7M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	741.58	+0.085%	$250K	$41K	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	741.91	+0.130%	$363K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0002%	8h	741.25	+0.040%	$1.1M	$274K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	741.00	+0.007%	$1.2M	$486K	20x	as long as short
Binance QQQUSDT	+0.0029%	8h	741.47	+0.070%	$70.4M	$140.2M	25x	as long as short
Lighter QQQ	+0.0032%	1h	741.23	+0.038%	$7.7M	$15.0M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	741.56	+0.082%	$37.5M	$78.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.65	−0.040%	$647K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.41	+0.197%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	740.55	−0.054%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.16	+0.028%	$3.4M	$365K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.02	+0.009%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.33	+0.051%	$12K	$21K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0101%	8h	741.77	+0.111%	$314K	$2.0M	10x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	740.91	−0.005%	$92K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0155%	1h	741.34	+0.053%	$423K	$156K	20x	as long as short
Nado QQQ-PERP	+0.0161%	1h	740.96	+0.002%	$1.6M	$744K	20x	as long as short
Phoenix QQQ	+0.0227%	1h	741.35	+0.054%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0826%	4h	741.65	+0.095%	$758K	$334K	20x	as long as short