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+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.027%
Price spread now: Orderly against OKX−0.028%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 feesneeds both histories
Funding pays, the price is against you. Orderly is 0.028% cheaper against OKX than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX QQQ-USDT-SWAP742.250get 0.0000% / 8h1h 50m$21.5M$28.3M50x
ShortOrderly PERP_QQQ_USDC_mythos742.040.0100get 0.0100% / 8h1h 50m$12K$21K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$21
Price spread: −0.028% → 0.000%
−$2.83
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
$2.17
Costs to cover
0.160%
Break-even
6.3 days
Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago0.07 bp5.1 bp −$56.2 bp −$6213.7 bp −$1,369doesn'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 −0.0156% / S +0.0249%1h742.37+0.015%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0033%1h741.01−0.167%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0012%8h742.07−0.024%$1.1M$278K20xas long as short
Aster QQQUSDT0.0000%8h742.32+0.010%$823K$858K20xas long as short
Binance QQQUSDT0.0000%8h742.41+0.022%$70.2M$145.5M25xas long as short
Bybit QQQUSDT0.0000%8h742.40+0.020%$10.6M$5.2M50xas long as short
OKX QQQ-USDT-SWAPlong0.0000%8h742.25long leg$21.5M$28.3M50x
RISEx QQQ/USDC0.0000%1h742.21−0.006%$5.4M$6.3M25xas long as short
Gate QQQ_USDT0.0000%8h741.70−0.074%$3.3M$21.5M50xas long as short
Bitget QQQUSDT0.0000%8h742.53+0.038%$16.6M$5.6M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni QQQ0.0000%8h742.22−0.004%$16.9M$7.3Mas long as short
SunX QQQ-USDT0.0000%8h742.81+0.075%$2K$1.8M10xas long as short
HTX QQQ-USDT0.0000%8h742.60+0.047%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h742.53+0.038%$365K$1.6M10xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.73−0.070%$1.2M$551K20xas long as short
Lighter QQQ+0.0032%1h742.11−0.019%$7.6M$15.4M30xas long as short
Lighter RH QQQ+0.0032%1h742.48+0.031%$36.9M$79.6M50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0033%1h741.93−0.043%$424K$153K20xas long as short
Arcus QQQ-USD+0.0040%1h741.34−0.123%$686K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.20+0.128%$337K50xas long as short
KuCoin QQQUSDTM+0.0100%8h741.92−0.044%$3.4M$352K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.86−0.053%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythosshort+0.0100%8h742.04−0.028%$12K$21K20x
Aevo QQQ-PERP+0.0104%1h741.53−0.097%$92K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0105%8h742.52+0.037%$318K$2.0M10xas long as short
Nado QQQ-PERP+0.0142%1h741.79−0.062%$1.5M$749K20xas long as short
Phoenix QQQ+0.0205%1h741.83−0.057%$38K$66K20xas long as short
edgeX QQQUSDC+0.0513%4h742.27+0.003%$759K$335K20xas long as short