QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.45 per $10,000 · paid last 24h +0.014%

Price spread now: Bybit against SunX−0.050%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.050%, 7d avg −0.028%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.022% cheaper against SunX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.028%). If the spread goes back, that is −$2 on $10k: about 39 hours of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.040% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX QQQ-USDT	744.57	0	get 0.0000% / 8h	7h 37m	$2K	$2.2M	10x
Short	Bybit QQQUSDT	744.20	0.0045	get 0.0045% / 8h	7h 37m	$10.7M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.050%Rate

Funding earned: $9.39
Price spread: −0.050% → −0.028%: −$2.15
Slippage, 4 orders: −$59.55
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.31
Costs to cover: 0.786%
Break-even: 60.1 days

Slippage from SunX: live order book, 9 min ago; Bybit: live order book, 6 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 SunX live order book, 9 min ago	21.61 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.20 bp	7.3 bp −$7	12.6 bp −$126	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
Ondo Perps QQQ-USD.P	−0.0364%	1h	742.15	−0.325%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0084% / S +0.0192%	1h	744.13	−0.060%	$25K	—	26x	as long as short
Aster QQQUSDT	0.0000%	8h	743.88	−0.092%	$841K	$739K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.13	−0.059%	$21.5M	$25.1M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	743.85	−0.097%	$3.2M	$27.3M	50x	as long as short
SunX QQQ-USDTlong	0.0000%	8h	744.57	long leg	$2K	$2.2M	10x
HTX QQQ-USDT	0.0000%	8h	744.29	−0.038%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.38	−0.026%	$359K	$1.4M	10x	as long as short
BloFin QQQ-USDT	+0.0017%	8h	743.92	−0.087%	$1.1M	$318K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.11	−0.062%	$7.6M	$18.2M	30x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH QQQ	+0.0032%	1h	744.47	−0.013%	$37.3M	$79.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.40	−0.157%	$747K	$1.5M	25x	as long as short
Variational Omni QQQ	+0.0045%	8h	744.00	−0.077%	$17.1M	$10.3M	—	as long as short
Bybit QQQUSDTshort	+0.0045%	8h	744.20	−0.050%	$10.7M	$4.9M	50x
Vest QQQ-USD-PERP	+0.0046%	1h	744.61	+0.005%	—	$306K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	743.73	−0.113%	$1.2M	$553K	20x	as long as short
Binance QQQUSDT	+0.0073%	8h	744.25	−0.042%	$71.1M	$153.5M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.86	−0.095%	$3.4M	$413K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	743.65	−0.124%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.83	−0.099%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.31	−0.169%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	743.87	−0.094%	$425K	$147K	20x	as long as short
Nado QQQ-PERP	+0.0119%	1h	743.74	−0.111%	$1.5M	$1.2M	20x	as long as short
Bitget QQQUSDT	+0.0177%	8h	744.30	−0.036%	$16.9M	$6.6M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.27	−0.040%	$5.5M	$8.7M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	743.68	−0.120%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0304%	8h	744.29	−0.038%	$327K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0609%	4h	744.02	−0.074%	$761K	$335K	20x	as long as short