Funding arb · Price arb /

QQQ

RWAall QQQ markets

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: SunX against RISEx+0.090%7-day average +0.020% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$710.706% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.200%−$20 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.090%, 7d avg +0.020%

Together, before fees−0.277%−$28 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: SunX is 0.070% dearer against RISEx than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx QQQ/USDC	742.21	0	get 0.0000% / 1h	52m 38s	$5.4M	$6.3M	25x
Short	SunX QQQ-USDT	742.88	0	get 0.0000% / 8h	1h 52m	$2K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.020%: $6.98
Slippage, 4 orders: −$56.62
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$63.65
Costs to cover: 0.706%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; SunX: live order book, 13 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, 1 min ago	0.14 bp	3.3 bp −$3	3.9 bp −$39	doesn't fit	doesn't fit
Sell SunX live order book, 13 min ago	21.65 bp	38.2 bp −$38	doesn't fit	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 −0.0155% / S +0.0248%	1h	742.39	+0.025%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0026%	1h	741.13	−0.146%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.32	+0.014%	$823K	$858K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	742.33	+0.016%	$70.2M	$145.5M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.31	+0.013%	$10.6M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.12	−0.012%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDClong	0.0000%	1h	742.21	long leg	$5.4M	$6.3M	25x
Gate QQQ_USDT	0.0000%	8h	741.72	−0.066%	$3.3M	$21.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.45	+0.032%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.21	−0.001%	$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-USDTshort	0.0000%	8h	742.88	+0.090%	$2K	$1.8M	10x
HTX QQQ-USDT	0.0000%	8h	742.60	+0.052%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.49	+0.037%	$365K	$1.6M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.73	−0.065%	$1.2M	$551K	20x	as long as short
BloFin QQQ-USDT	+0.0029%	8h	742.05	−0.022%	$1.1M	$278K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.12	−0.012%	$7.6M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.47	+0.035%	$36.9M	$79.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.45	−0.103%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.22	+0.136%	—	$337K	50x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0087%	1h	742.08	−0.018%	$424K	$153K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.97	−0.033%	$3.4M	$353K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.98	−0.031%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.06	−0.021%	$12K	$21K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0103%	8h	742.52	+0.042%	$318K	$2.0M	10x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.60	−0.083%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0148%	1h	741.84	−0.050%	$1.5M	$749K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.83	−0.052%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0941%	4h	742.24	+0.004%	$759K	$334K	20x	as long as short