Funding arb · Price arb / RWA

QQQ

RWAAll QQQ markets →

LONGReya▾Reya −0.2493%Backpack −0.0168%Nado −0.0088%Phoenix −0.0035%edgeX −0.0026%Aster 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%Lighter +0.0032%Lighter RH +0.0032%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%BingX +0.0050%Ondo Perps +0.0050%AZverse +0.0060%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%GMX +0.0276%Kraken Futures +0.0325%Deribit +0.2133%

⇄⇅

SHORTBinance▾Deribit +0.2133%Kraken Futures +0.0325%GMX −0.0163%BloFin +0.0120%Aevo +0.0104%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%AZverse +0.0060%Ondo Perps +0.0050%BingX +0.0050%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Lighter +0.0032%Lighter RH +0.0032%Aster 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%edgeX −0.0026%Phoenix −0.0035%Nado −0.0088%Backpack −0.0168%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ReyaQQQRUSDPERP	693.36	−0.2493	get 0.0312% / 1h	49m 49s	$51K	$48K	25x	Long Reya
SHORT	BinanceQQQUSDT	695.76	0	0.0000% / 8h	6h 49m	$95.1M	$216.9M	25x	Short Binance

Price gap+0.346%

Funding gap+0.2493% /8h

Both sides work: funding pays +$75 a day on $10k, and the gap is 0.346% above zero (no 7-day history yet): +$35 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +1.017% in total, about +0.0484%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.346%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ReyaBinance

QQQ on 35 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for Reya: its slippage is not counted.
• i
  Note: Margin at max leverage$400 + $400

  Reya 25x, Binance 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Reya · 1h+$74.80

  Short Binance · 8h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$74.80Long Reya: 24 payments, +$74.80; short Binance: 3 payments, $0.00.
• i
  Note: No 7-day spread history+0.346%

  The gap cannot be compared with its average yet.
• !
  Watch: Long leg is thinner$51K vs $95.1M OI

  Reya sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legReya points

  Volume here counts toward the points program.
• !
  Watch: KYCReya No · Binance Yes

  Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0484%/8h × 21 periods+$101.71

Price spread+0.346% → 0+$34.60

Slippage, 4 ordersno data for Reya—

Fee Reya bp × 2 orders−$6.00

Fee Binance bp × 2 orders−$8.00

Net, fees only · 7 days · $10k+$122.32

Costs to cover0.140%Break-evenfrom the start

Slippage: Reya: no order-book sample; Binance: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGReya—————

SELL · SHORTBinance0.074.1 bp−$44.7 bp−$4710.5 bp−$1,04826.3 bp−$13.2K

Closing costs about the same again.
Reya: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

QQQ news

posts that mention QQQ or Invesco QQQ, from every exchangeSearch all news →

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