Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.052%

Price spread now: OKX against RISEx−0.033%7-day average −0.010% · 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−$19as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.192%−$19 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.033%, 7d avg −0.010%

Together, before fees−0.175%−$18 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: OKX is 0.023% cheaper against RISEx than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx QQQ/USDC	744.53	0	get 0.0000% / 1h	35m 46s	$5.4M	$7.5M	25x
Short	OKX QQQ-USDT-SWAP	744.29	0	get 0.0000% / 8h	4h 35m	$21.5M	$26.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.010%: −$2.27
Slippage, 4 orders: −$0.83
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.11
Costs to cover: 0.168%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	0.34 bp	3.3 bp −$3	4.2 bp −$42	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.07 bp	5.1 bp −$5	6.3 bp −$63	12.4 bp −$1,242	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
Ondo Perps QQQ-USD.P	−0.0143%	1h	743.21	−0.178%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0122% / S +0.0222%	1h	744.51	−0.003%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0021%	8h	744.29	−0.033%	$1.1M	$271K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	744.47	−0.009%	$841K	$714K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.43	−0.014%	$10.7M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	744.29	−0.033%	$21.5M	$26.9M	50x
RISEx QQQ/USDClong	0.0000%	1h	744.53	long leg	$5.4M	$7.5M	25x
Gate QQQ_USDT	0.0000%	8h	743.87	−0.089%	$3.3M	$20.8M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	744.62	+0.011%	$16.9M	$5.7M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	744.94	+0.054%	$2K	$1.9M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	744.70	+0.022%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.74	+0.028%	$361K	$1.5M	10x	as long as short
Variational Omni QQQ	+0.0002%	8h	744.38	−0.020%	$17.1M	$7.5M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0008%	1h	743.96	−0.077%	$1.2M	$536K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.31	−0.030%	$7.7M	$16.3M	30x	as long as short
Binance QQQUSDT	+0.0040%	8h	744.51	−0.003%	$71.1M	$141.8M	25x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.76	−0.104%	$700K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.48	+0.127%	—	$337K	50x	as long as short
Lighter RH QQQ	+0.0048%	1h	744.77	+0.032%	$36.9M	$78.9M	50x	as long as short
Nado QQQ-PERP	+0.0096%	1h	744.14	−0.054%	$1.5M	$876K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.13	−0.054%	$3.4M	$389K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.14	−0.053%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.18	−0.048%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.64	−0.120%	$93K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0114%	8h	744.62	+0.011%	$319K	$1.9M	10x	as long as short
Phoenix QQQ	+0.0129%	1h	744.01	−0.071%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0261%	1h	744.44	−0.013%	$425K	$149K	20x	as long as short
edgeX QQQUSDC	+0.0636%	4h	744.35	−0.024%	$761K	$334K	20x	as long as short