Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRnext payment $0.90 per $10,000 · paid last 24h +0.029%
Price spread now: Orderly against GRVT−0.052%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.052% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT QQQ_USDT_Perp743.510.0190pay 0.0190% / 8h22m 46s$323K$1.8M10x
ShortOrderly PERP_QQQ_USDC_mythos743.120.0100get 0.0100% / 8h22m 46s$12K$21K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against GRVT. 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

Funding earned
−$18.9
Price spread: −0.052% → 0.000%
−$5.25
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$39.15
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: GRVT: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 1 min ago0.07 bp4.6 bp −$55.3 bp −$53doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]L −0.0075% / S +0.0185%1h743.38−0.017%$25K26xas long as short
BloFin QQQ-USDT−0.0023%8h743.09−0.056%$1.1M$469K20xas long as short
Aster QQQUSDT0.0000%8h743.36−0.020%$845K$783K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.17−0.046%$21.6M$27.8M50xas long as short
Gate QQQ_USDT0.0000%8h743.15−0.048%$3.1M$32.8M50xas long as short
SunX QQQ-USDT0.0000%8h743.81+0.040%$2K$2.3M10xas long as short
HTX QQQ-USDT0.0000%8h743.13−0.051%$257K$25K30xas long as short
Phemex QQQUSDT0.0000%8h743.78+0.036%$362K$1.4M10xas long as short
Ondo Perps QQQ-USD.P+0.0007%1h742.05−0.196%$4.2M$2.1M20xas long as short
Lighter RH QQQ+0.0040%1h743.61+0.013%$37.5M$80.2M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus QQQ-USD+0.0040%1h742.66−0.114%$694K$1.5M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.88+0.050%$621K50xas long as short
Variational Omni QQQ+0.0047%8h743.33−0.024%$17.6M$10.3Mas long as short
Lighter QQQ+0.0072%1h743.25−0.035%$7.6M$20.9M30xas long as short
Coinbase International QQQ-PERP-INTX+0.0072%1h742.85−0.089%$1.2M$865K20xas long as short
Binance QQQUSDT+0.0076%8h743.41−0.014%$71.0M$160.7M25xas long as short
KuCoin QQQUSDTM+0.0100%8h742.96−0.074%$3.4M$418K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.98−0.071%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythosshort+0.0100%8h743.12−0.052%$12K$21K20x
Bybit QQQUSDT+0.0102%8h743.46−0.007%$10.7M$5.2M50xas long as short
Aevo QQQ-PERP+0.0104%1h742.71−0.107%$92K$1K10xas long as short
Nado QQQ-PERP+0.0175%1h743.03−0.065%$1.5M$1.3M20xas long as short
Bitget QQQUSDT+0.0185%8h743.39−0.016%$16.9M$7.0M20xas long as short
GRVT QQQ_USDT_Perplong+0.0190%8h743.51long leg$323K$1.8M10x
RISEx QQQ/USDC+0.0193%1h743.58+0.010%$5.4M$8.9M25xas long as short
Phoenix QQQ+0.0194%1h742.91−0.081%$38K$73K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0235%1h743.20−0.042%$425K$164K20xas long as short
edgeX QQQUSDC+0.0822%4h743.37−0.019%$760K$335K20xas long as short