Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.043%

Price spread now: Gate against RISEx−0.084%7-day average −0.025% · 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−$34as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.211%−$21 on $10k

Price spread, last 7 days+0.135%+$14 · spread now −0.084%, 7d avg −0.025%

Together, before fees−0.076%−$8 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: Gate is 0.059% cheaper against RISEx than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx QQQ/USDC	742.22	0	get 0.0000% / 1h	48m 45s	$5.4M	$6.3M	25x
Short	Gate QQQ_USDT	741.60	0	get 0.0000% / 8h	1h 48m	$3.3M	$21.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.025%: −$5.93
Slippage, 4 orders: −$6.69
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$33.62
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	0.14 bp	3.3 bp −$3	3.9 bp −$39	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.94 bp	8.5 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit

QQQ on 28 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 −0.0156% / S +0.0249%	1h	742.40	+0.025%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0033%	1h	741.01	−0.163%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.30	+0.010%	$823K	$858K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	742.33	+0.015%	$70.2M	$145.5M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.23	+0.001%	$10.6M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.06	−0.022%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDClong	0.0000%	1h	742.22	long leg	$5.4M	$6.3M	25x
Gate QQQ_USDTshort	0.0000%	8h	741.60	−0.084%	$3.3M	$21.5M	50x
Bitget QQQUSDT	0.0000%	8h	742.46	+0.032%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.22	0.000%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	742.84	+0.083%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.64	+0.056%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.38	+0.021%	$364K	$1.6M	10x	as long as short
BloFin QQQ-USDT	0.0000%	8h	742.06	−0.022%	$1.1M	$278K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.73	−0.066%	$1.2M	$551K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.05	−0.023%	$7.6M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.43	+0.028%	$36.9M	$79.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.34	−0.119%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.25	+0.138%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.92	−0.041%	$3.4M	$352K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.86	−0.049%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.05	−0.023%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.58	−0.086%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0107%	8h	742.52	+0.040%	$318K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0142%	1h	741.79	−0.058%	$1.5M	$749K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.83	−0.053%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0276%	1h	742.11	−0.015%	$424K	$154K	20x	as long as short
edgeX QQQUSDC	+0.0513%	4h	742.27	+0.007%	$759K	$335K	20x	as long as short