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 +0.010%

Price spread now: SunX against Gate+0.144%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$890.885% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.144%, 7d avg +0.088%

Together, before fees−0.011%−$1 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 0.056% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	742.71	0	get 0.0000% / 8h	5h 57m	$3.5M	$19.8M	50x
Short	SunX QQQ-USDT	743.78	0	get 0.0000% / 8h	5h 57m	$2K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.088%: $5.56
Slippage, 4 orders: −$65.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$82.98
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; SunX: live order book, 11 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	4.45 bp	12.5 bp −$13	13.0 bp −$130	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	21.61 bp	38.0 bp −$38	67.7 bp −$677	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 −0.0203% / S +0.0285%	1h	743.34	+0.084%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0018%	1h	741.51	−0.162%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	743.40	+0.092%	$856K	$903K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.16	+0.061%	$21.7M	$30.2M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	742.93	+0.029%	$5.5M	$5.7M	25x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	742.71	long leg	$3.5M	$19.8M	50x
Bitget QQQUSDT	0.0000%	8h	743.36	+0.088%	$17.0M	$5.9M	20x	as long as short
SunX QQQ-USDTshort	0.0000%	8h	743.78	+0.144%	$2K	$1.6M	10x
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	742.78	+0.009%	$399K	$147K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.48	+0.104%	$251K	$38K	30x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex QQQUSDT	0.0000%	8h	743.50	+0.106%	$363K	$1.6M	10x	as long as short
BloFin QQQ-USDT	+0.0006%	8h	743.09	+0.051%	$1.1M	$235K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.81	+0.013%	$7.5M	$15.2M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.37	+0.089%	$38.6M	$76.3M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	742.55	−0.022%	$1.2M	$541K	20x	as long as short
Variational Omni QQQ	+0.0036%	8h	742.92	+0.028%	$16.8M	$7.0M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.09	−0.083%	$658K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.07	+0.183%	—	$337K	50x	as long as short
Bybit QQQUSDT	+0.0058%	8h	743.43	+0.097%	$10.7M	$4.8M	50x	as long as short
Binance QQQUSDT	+0.0067%	8h	743.33	+0.084%	$71.6M	$145.8M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.76	+0.007%	$3.4M	$462K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.55	−0.022%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.96	+0.034%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.45	−0.035%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0146%	1h	742.64	−0.009%	$1.6M	$766K	20x	as long as short
edgeX QQQUSDC	+0.0166%	4h	742.84	+0.017%	$760K	$337K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0227%	8h	743.35	+0.086%	$319K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0280%	1h	742.89	+0.024%	$38K	$59K	20x	as long as short