Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0315%/8h= +34.5% APRpaid last 24h +0.091%

Price spread now: RISEx against Gate+0.081%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.199%+$20 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.081%, 7d avg +0.021%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and RISEx is 0.060% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	741.89	0	get 0.0000% / 8h	1h 48m	$3.1M	$32.8M	50x
Short	RISEx QQQ/USDC	742.49	0.0315	get 0.0039% / 1h	48m 28s	$5.4M	$9.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.081%Rate

Funding earned: $66.07
Price spread: +0.081% → +0.021%: $6.01
Slippage, 4 orders: −$11.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $39.31
Costs to cover: 0.328%
Break-even: 2.8 days

Slippage from Gate: live order book, 5 min ago; RISEx: live order book, 6 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, 5 min ago	2.76 bp	11.7 bp −$12	13.8 bp −$138	doesn't fit	doesn't fit
Sell RISEx live order book, 6 min ago	1.01 bp	5.0 bp −$5	6.0 bp −$60	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 −0.0065% / S +0.0178%	1h	742.13	+0.032%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0014%	1h	741.25	−0.086%	$4.2M	$2.2M	20x	as long as short
BloFin QQQ-USDT	−0.0006%	8h	742.10	+0.028%	$1.0M	$483K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.94	+0.007%	$21.5M	$28.3M	50x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	741.89	long leg	$3.1M	$32.8M	50x
SunX QQQ-USDT	0.0000%	8h	742.77	+0.119%	$1K	$2.4M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	741.93	+0.005%	$424K	$305K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.63	+0.100%	$257K	$32K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.78	+0.120%	$362K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0008%	8h	741.96	+0.009%	$840K	$780K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	742.17	+0.038%	$7.8M	$21.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.59	+0.094%	$37.7M	$81.1M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.51	−0.051%	$737K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.63	+0.100%	—	$621K	50x	as long as short
Variational Omni QQQ	+0.0064%	8h	742.23	+0.046%	$17.2M	$10.1M	—	as long as short
Bybit QQQUSDT	+0.0086%	8h	742.09	+0.027%	$10.7M	$5.4M	50x	as long as short
Binance QQQUSDT	+0.0087%	8h	742.13	+0.032%	$69.6M	$163.0M	25x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0088%	1h	741.80	−0.012%	$1.2M	$873K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.77	−0.016%	$3.4M	$441K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.87	−0.003%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.19	−0.094%	$7K	$16K	20x	as long as short
edgeX QQQUSDC	+0.0103%	4h	742.22	+0.045%	$759K	$336K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.45	−0.059%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0163%	1h	741.92	+0.004%	$1.5M	$1.3M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0187%	8h	742.41	+0.070%	$323K	$1.7M	10x	as long as short
Bitget QQQUSDT	+0.0220%	8h	742.16	+0.036%	$16.7M	$7.3M	20x	as long as short
Phoenix QQQ	+0.0259%	1h	741.88	−0.001%	$38K	$73K	20x	as long as short
RISEx QQQ/USDCshort	+0.0315%	1h	742.49	+0.081%	$5.4M	$9.3M	25x