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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0589%/8h= +64.5% APRpaid last 24h +0.083%
Price spread now: edgeX against RISEx+0.053%55s7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$250.247% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.437%−$44 on $10k
Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.053%, 7d avg −0.042%
Together, before fees−0.538%+ Points / potential airdropedgeX: Active · farm board−$54 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and edgeX is 0.095% dearer against RISEx than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.042%. Mind the row above: over the last 4 days funding on this pair cost −0.437%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx QQQ/USDC743.000get 0.0000% / 1h45m 57s$5.5M$5.7M25x
ShortedgeX QQQUSDC743.400.0589get 0.0295% / 4h1h 45m$760K$335K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$123.69
Price spread: +0.053% → −0.042%
$9.5
Slippage, 4 orders
−$9.67
Fee RISEx: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$108.52
Costs to cover
0.247%
Break-even
0.9 days
Slippage from RISEx: live order book, 6 min ago; edgeX: live order book, 66 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 6 min ago0.27 bp3.3 bp −$33.6 bp −$36doesn't fitdoesn't fit
Sell edgeX live order book, 66 min ago4.11 bp8.7 bp −$99.8 bp −$98doesn't fitdoesn't fit

QQQ on 28 exchanges

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 −0.0203% / S +0.0285%1h743.15+0.021%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0114%1h742.19−0.109%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0022%8h743.08+0.010%$1.1M$237K20xas long as short
Aster QQQUSDT0.0000%8h743.08+0.011%$856K$903K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.63−0.050%$21.7M$30.3M50xas long as short
RISEx QQQ/USDClong0.0000%1h743.00long leg$5.5M$5.7M25x
Gate QQQ_USDT0.0000%8h742.60−0.054%$3.5M$19.8M50xas long as short
Bitget QQQUSDT0.0000%8h743.03+0.004%$17.0M$5.9M20xas long as short
SunX QQQ-USDT0.0000%8h743.67+0.090%$2K$1.6M10xas long as short
Deribit QQQ_USDC-PERPETUAL0.0000%1h742.63−0.050%$398K$123K20xas long as short
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX QQQ-USDT0.0000%8h743.33+0.044%$247K$45K30xas long as short
Phemex QQQUSDT0.0000%8h743.42+0.056%$363K$1.6M10xas long as short
Lighter QQQ+0.0032%1h742.37−0.085%$7.3M$15.5M30xas long as short
Lighter RH QQQ+0.0032%1h743.06+0.008%$38.6M$76.8M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h742.87−0.018%$1.2M$541K20xas long as short
Arcus QQQ-USD+0.0040%1h742.06−0.127%$659K$1.4M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.00+0.134%$337K50xas long as short
Variational Omni QQQ+0.0048%8h743.46+0.061%$16.8M$6.9Mas long as short
Bybit QQQUSDT+0.0068%8h743.000.000%$10.5M$4.8M50xas long as short
Binance QQQUSDT+0.0076%8h742.94−0.008%$71.6M$146.0M25xas long as short
KuCoin QQQUSDTM+0.0100%8h742.56−0.060%$3.4M$467K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.03+0.004%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h742.86−0.019%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h742.35−0.088%$92K$1K10xas long as short
Nado QQQ-PERP+0.0131%1h742.72−0.038%$1.6M$770K20xas long as short
GRVT QQQ_USDT_Perp+0.0250%8h743.76+0.101%$321K$2.1M10xas long as short
Phoenix QQQ+0.0302%1h743.26+0.035%$38K$59K20xas long as short
edgeX QQQUSDCshort+0.0589%4h743.40+0.053%$760K$335K20x