Funding arb · Price arb /

QQQ

RWAall QQQ markets

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 0.000%

Price spread now: SunX against OKX+0.092%47s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.737% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.092%, 7d avg +0.059%

Together, before fees−0.068%−$7 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 0.032% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.059%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX QQQ-USDT-SWAP	742.60	0	get 0.0000% / 8h	5h 27m	$21.7M	$30.3M	50x
Short	SunX QQQ-USDT	743.28	0	get 0.0000% / 8h	5h 27m	$2K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee OKXbpFee SunXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.059%: $3.21
Slippage, 4 orders: −$55.71
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$70.5
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago	0.07 bp	5.1 bp −$5	6.5 bp −$65	12.2 bp −$1,221	doesn't fit
Sell SunX live order book, 11 min ago	21.59 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 −0.0202% / S +0.0285%	1h	742.90	+0.041%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0146%	1h	741.45	−0.155%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.73	+0.018%	$856K	$903K	20x	as long as short
OKX QQQ-USDT-SWAPlong	0.0000%	8h	742.60	long leg	$21.7M	$30.3M	50x
RISEx QQQ/USDC	0.0000%	1h	742.58	−0.003%	$5.4M	$5.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.27	−0.044%	$3.5M	$19.9M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.00	+0.054%	$17.0M	$5.9M	20x	as long as short
SunX QQQ-USDTshort	0.0000%	8h	743.28	+0.092%	$2K	$1.5M	10x
HTX QQQ-USDT	0.0000%	8h	743.20	+0.081%	$247K	$45K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.04	+0.059%	$359K	$1.6M	10x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin QQQ-USDT	+0.0013%	8h	742.56	−0.005%	$1.1M	$238K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.28	−0.043%	$7.3M	$16.3M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.84	+0.032%	$38.8M	$77.8M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	742.10	−0.067%	$1.2M	$540K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.63	−0.131%	$658K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.56	+0.129%	—	$337K	50x	as long as short
Variational Omni QQQ	+0.0055%	8h	742.56	−0.005%	$16.8M	$6.9M	—	as long as short
Bybit QQQUSDT	+0.0073%	8h	742.76	+0.022%	$10.6M	$4.9M	50x	as long as short
Binance QQQUSDT	+0.0078%	8h	742.85	+0.033%	$72.2M	$146.6M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.34	−0.035%	$3.4M	$484K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.21	−0.053%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.43	−0.023%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.99	−0.083%	$92K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0127%	1h	742.39	−0.028%	$398K	$108K	20x	as long as short
Nado QQQ-PERP	+0.0144%	1h	742.28	−0.043%	$1.6M	$772K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0233%	8h	742.84	+0.033%	$323K	$2.1M	10x	as long as short
Phoenix QQQ	+0.0302%	1h	742.31	−0.039%	$38K	$59K	20x	as long as short
edgeX QQQUSDC	+0.0617%	4h	742.71	+0.015%	$759K	$334K	20x	as long as short