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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.14 per $10,000 · paid last 24h +0.065%
Price spread now: ApeX Omni against Ondo Perps+0.120%7-day average +0.140% · you sell dearer than you buy
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 7 days+0.444%+$44 on $10k
Price spread, last 7 days−0.016%−$2 · spread now +0.120%, 7d avg +0.140%
Together, before fees+0.428%+ Points / potential airdropOndo Perps: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.020% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.120% now, against its 7-day average of +0.140%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps QQQ-USD.P741.84−0.0008get 0.0001% / 1h4m 48s$4.2M$1.8M20x
ShortApeX Omni QQQUSDT742.730.0100get 0.0013% / 1h4m 48s$20K$2.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Ondo Perps. 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
$22.68
Price spread: +0.120% → +0.140%
−$2.05
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$5.63
Costs to cover
0.150%
Break-even
5.3 days
Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 4 min ago. 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 Ondo Perps no order-book sample
Sell ApeX Omni live order book, 4 min ago3.77 bp11.1 bp −$1151.9 bp −$519doesn't fitdoesn't fit
Ondo Perps: 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 −0.0153% / S +0.0246%1h743.11+0.171%$25K26xas long as short
Ondo Perps QQQ-USD.Plong−0.0008%1h741.84long leg$4.2M$1.8M20x
Aster QQQUSDT0.0000%8h742.60+0.102%$824K$857K20xas long as short
Binance QQQUSDT0.0000%8h742.95+0.150%$70.3M$145.2M25xas long as short
Bybit QQQUSDT0.0000%8h742.96+0.151%$10.6M$5.2M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.79+0.128%$21.5M$28.3M50xas long as short
RISEx QQQ/USDC0.0000%1h743.00+0.157%$5.4M$6.6M25xas long as short
Gate QQQ_USDT0.0000%8h742.31+0.063%$3.3M$21.4M50xas long as short
Bitget QQQUSDT0.0000%8h743.10+0.170%$16.6M$5.6M20xas long as short
Variational Omni QQQ0.0000%8h742.98+0.154%$16.9M$7.3Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDT0.0000%8h743.58+0.235%$2K$1.8M10xas long as short
Coinbase International QQQ-PERP-INTX0.0000%1h742.63+0.106%$1.2M$541K20xas long as short
HTX QQQ-USDT0.0000%8h743.32+0.200%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h743.59+0.236%$362K$1.6M10xas long as short
BloFin QQQ-USDT+0.0027%8h742.82+0.132%$1.1M$278K20xas long as short
Lighter QQQ+0.0032%1h742.72+0.119%$7.6M$15.8M30xas long as short
Lighter RH QQQ+0.0032%1h743.16+0.178%$37.0M$81.0M50xas long as short
Arcus QQQ-USD+0.0040%1h742.18+0.046%$689K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.00+0.291%$337K50xas long as short
GRVT QQQ_USDT_Perp+0.0097%8h743.30+0.197%$315K$2.0M10xas long as short
KuCoin QQQUSDTM+0.0100%8h742.69+0.115%$3.4M$365K20xas long as short
ApeX Omni QQQUSDTshort+0.0100%1h742.73+0.120%$20K$2.2M50x
Orderly PERP_QQQ_USDC_mythos+0.0100%8h742.75+0.123%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h742.28+0.059%$92K$1K10xas long as short
Nado QQQ-PERP+0.0122%1h742.66+0.110%$1.5M$750K20xas long as short
Phoenix QQQ+0.0129%1h742.79+0.128%$38K$66K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0262%1h742.92+0.146%$424K$153K20xas long as short
edgeX QQQUSDC+0.0567%4h743.11+0.171%$760K$335K20xas long as short