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 +0.003%

Price spread now: OKX against SunX−0.136%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.136%, 7d avg −0.057%

Together, before fees+0.122%+$12 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 0.079% cheaper against SunX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX QQQ-USDT	742.84	0	get 0.0000% / 8h	1h 01m	$2K	$1.8M	10x
Short	OKX QQQ-USDT-SWAP	741.83	0	get 0.0000% / 8h	1h 01m	$21.4M	$28.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → −0.057%: −$7.89
Slippage, 4 orders: −$55.86
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$81.75
Costs to cover: 0.739%
Break-even: never at this rate

Slippage from SunX: live order book, 14 min ago; OKX: live order book, 2 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, 14 min ago	21.62 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.07 bp	5.1 bp −$5	6.4 bp −$64	13.7 bp −$1,372	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 −0.0166% / S +0.0256%	1h	742.10	−0.100%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0059%	8h	741.37	−0.198%	$3.4M	$21.6M	50x	as long as short
Ondo Perps QQQ-USD.P	−0.0024%	1h	740.51	−0.314%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.95	−0.119%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.86	−0.132%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAPshort	0.0000%	8h	741.83	−0.136%	$21.4M	$28.3M	50x
RISEx QQQ/USDC	0.0000%	1h	741.76	−0.145%	$5.4M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.12	−0.097%	$16.6M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.89	−0.129%	$16.9M	$7.3M	—	as long as short
SunX QQQ-USDTlong	0.0000%	8h	742.84	long leg	$2K	$1.8M	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	741.73	−0.149%	$424K	$155K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.18	−0.089%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.37	−0.063%	$362K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0003%	8h	741.99	−0.115%	$70.0M	$143.9M	25x	as long as short
BloFin QQQ-USDT	+0.0014%	8h	741.63	−0.163%	$1.1M	$271K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.37	−0.198%	$1.2M	$489K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.82	−0.137%	$7.7M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.16	−0.092%	$37.1M	$81.4M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.10	−0.234%	$686K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.96	+0.016%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.53	−0.176%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.40	−0.194%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.75	−0.147%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.29	−0.208%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0118%	1h	741.55	−0.173%	$1.6M	$764K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0119%	8h	742.00	−0.113%	$314K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0205%	1h	741.67	−0.158%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0298%	4h	741.83	−0.135%	$758K	$336K	20x	as long as short