QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.051%

Price spread now: Arcus against RISEx−0.123%7-day average −0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on RISEx Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.166%−$17 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.123%, 7d avg −0.160%

Together, before fees−0.135%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.037% dearer against RISEx than usual: you sell high and buy low (spread −0.123% now, against its 7-day average of −0.160%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx QQQ/USDC	744.59	0.0168	pay 0.0021% / 1h	15m 26s	$5.4M	$8.0M	25x
Short	Arcus QQQ-USD	743.68	0.0040	get 0.0005% / 1h	15m 26s	$705K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against RISEx. 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 RISExbpFee ArcusbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$26.83
Price spread: −0.123% → −0.160%: $3.74
Slippage, 4 orders: −$7.21
Fee RISEx: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$40.8
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Arcus: live order book, 4 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 RISEx live order book, 4 min ago	0.20 bp	3.9 bp −$4	4.6 bp −$46	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	0.40 bp	6.6 bp −$7	13.0 bp −$130	doesn't fit	doesn't fit

QQQ on 27 venues

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 −0.0101% / S +0.0206%	1h	744.59	−0.001%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0091%	1h	743.32	−0.171%	$4.2M	$1.9M	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.68	+0.011%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.48	−0.015%	$21.7M	$26.4M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.10	−0.066%	$3.3M	$23.3M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.03	+0.058%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.70	+0.014%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.81	+0.029%	$359K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0006%	8h	744.46	−0.019%	$841K	$712K	20x	as long as short
Bitget QQQUSDT	+0.0027%	8h	744.63	+0.005%	$16.9M	$5.9M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	744.35	−0.033%	$7.7M	$17.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.76	+0.022%	$37.4M	$80.3M	50x	as long as short
Arcus QQQ-USDshort	+0.0040%	1h	743.68	−0.123%	$705K	$1.6M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	745.51	+0.123%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.11	−0.065%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0056%	8h	744.43	−0.022%	$17.1M	$7.6M	—	as long as short
Binance QQQUSDT	+0.0082%	8h	744.58	−0.002%	$71.1M	$147.2M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.29	−0.041%	$3.4M	$412K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.10	−0.066%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.30	−0.040%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.77	−0.110%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0123%	1h	744.14	−0.061%	$1.5M	$952K	20x	as long as short
RISEx QQQ/USDClong	+0.0168%	1h	744.59	long leg	$5.4M	$8.0M	25x
Phoenix QQQ	+0.0183%	1h	744.18	−0.056%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0198%	8h	744.63	+0.004%	$320K	$1.8M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0207%	1h	744.38	−0.029%	$425K	$148K	20x	as long as short
edgeX QQQUSDC	+0.0490%	4h	744.37	−0.030%	$761K	$335K	20x	as long as short