Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−0.155%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$860.865% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.155%, 7d avg −0.085%

Together, before fees+0.059%+$6 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 0.069% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX QQQ-USDT	743.27	0	get 0.0000% / 8h	2h 15m	$2K	$1.8M	10x
Short	Gate QQQ_USDT	742.12	0	get 0.0000% / 8h	2h 15m	$3.3M	$21.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.085%: −$6.95
Slippage, 4 orders: −$63.46
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.41
Costs to cover: 0.865%
Break-even: never at this rate

Slippage from SunX: live order book, 1 min ago; Gate: live order book, 4 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, 1 min ago	21.59 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.22 bp	9.7 bp −$10	15.6 bp −$156	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 −0.0151% / S +0.0245%	1h	742.76	−0.068%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0015%	8h	742.46	−0.109%	$1.1M	$277K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.33	−0.126%	$823K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	742.72	−0.075%	$69.8M	$144.1M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	742.80	−0.063%	$10.6M	$5.1M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.51	−0.102%	$21.6M	$28.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	742.70	−0.077%	$5.4M	$6.7M	25x	as long as short
Gate QQQ_USDTshort	0.0000%	8h	742.12	−0.155%	$3.3M	$21.3M	50x
Bitget QQQUSDT	0.0000%	8h	742.82	−0.061%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	742.66	−0.082%	$16.9M	$7.2M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDTlong	0.0000%	8h	743.27	long leg	$2K	$1.8M	10x
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.04	−0.165%	$1.2M	$539K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.02	−0.034%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.92	−0.047%	$364K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0006%	1h	741.43	−0.248%	$4.2M	$1.8M	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.50	−0.104%	$7.6M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.85	−0.057%	$36.9M	$80.6M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.62	−0.222%	$691K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.61	+0.046%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0088%	8h	742.86	−0.055%	$320K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.38	−0.120%	$3.4M	$360K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.36	−0.122%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.45	−0.110%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.94	−0.179%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0121%	1h	742.40	−0.117%	$1.5M	$752K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	742.16	−0.149%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0156%	4h	742.75	−0.070%	$759K	$336K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0195%	1h	742.54	−0.098%	$424K	$152K	20x	as long as short