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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.7% APRnext payment $0.07 per $10,000 · paid last 24h +0.023%
Price spread now: BloFin against OKX+0.013%83s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.237% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.169%−$17 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.013%, 7d avg −0.001%
Together, before fees−0.138%−$14 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX QQQ-USDT-SWAP743.500get 0.0000% / 8h3h 45m$21.5M$26.9M50x
ShortBloFin QQQ-USDT743.60−0.0007pay 0.0007% / 8h3h 45m$1.1M$256K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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
−$1.39
Price spread: +0.013% → −0.001%
$1.41
Slippage, 4 orders
−$1.74
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$23.72
Costs to cover
0.237%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.07 bp5.6 bp −$66.6 bp −$6613.0 bp −$1,301doesn't fit
Sell BloFin live order book, 1 min ago0.07 bp6.1 bp −$66.9 bp −$6911.2 bp −$1,124doesn't fit

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 −0.0132% / S +0.0230%1h743.79+0.040%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0033%1h742.29−0.163%$4.2M$1.8M20xas long as short
BloFin QQQ-USDTshort−0.0007%8h743.60+0.013%$1.1M$256K20x
Aster QQQUSDT0.0000%8h743.82+0.044%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h743.72+0.030%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAPlong0.0000%8h743.50long leg$21.5M$26.9M50x
Gate QQQ_USDT0.0000%8h743.23−0.036%$3.3M$20.7M50xas long as short
Bitget QQQUSDT0.0000%8h743.92+0.056%$16.9M$5.5M20xas long as short
Variational Omni QQQ0.0000%8h743.66+0.022%$17.1M$7.4Mas long as short
SunX QQQ-USDT0.0000%8h744.25+0.101%$2K$1.9M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International QQQ-PERP-INTX0.0000%1h742.64−0.116%$1.2M$536K20xas long as short
HTX QQQ-USDT0.0000%8h743.53+0.004%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.08+0.078%$360K$1.6M10xas long as short
RISEx QQQ/USDC+0.0010%1h743.85+0.047%$5.4M$7.3M25xas long as short
Binance QQQUSDT+0.0011%8h743.69+0.026%$70.9M$141.3M25xas long as short
Lighter QQQ+0.0032%1h743.69+0.026%$7.7M$15.8M30xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0032%1h743.63+0.017%$425K$150K20xas long as short
Arcus QQQ-USD+0.0040%1h742.92−0.078%$704K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.77+0.171%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.12+0.083%$37.0M$78.2M50xas long as short
GRVT QQQ_USDT_Perp+0.0079%8h743.34−0.022%$326K$1.9M10xas long as short
Nado QQQ-PERP+0.0093%1h743.500.000%$1.5M$780K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.37−0.017%$3.4M$343K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.82−0.091%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.58+0.011%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.04−0.062%$92K$1K10xas long as short
Phoenix QQQ+0.0118%1h743.09−0.055%$38K$66K20xas long as short
edgeX QQQUSDC+0.0649%4h743.23−0.036%$760K$335K20xas long as short