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% APRpaid last 24h +0.020%

Price spread now: RISEx against Variational Omni−0.047%7-day average +0.019% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.166%+$17 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.047%, 7d avg +0.019%

Together, before fees+0.196%+ Points / potential airdropVariational Omni: Active · farm board+$20 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: RISEx is 0.065% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni QQQ	742.02	0	get 0.0000% / 8h	36m 01s	$16.8M	$7.2M	—
Short	RISEx QQQ/USDC	741.68	0	get 0.0000% / 1h	36m 01s	$5.4M	$6.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Variational Omni. 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 Variational OmnibpFee RISExbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.019%: −$6.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$12.52
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; RISEx: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	1.89 bp	doesn't fit	3.2 bp −$32	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	0.07 bp	3.1 bp −$3	3.2 bp −$32	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	−0.0178%	1h	740.56	−0.197%	$4.2M	$1.8M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0171% / S +0.0261%	1h	741.96	−0.009%	$25K	—	26x	as long as short
Gate QQQ_USDT	−0.0074%	8h	741.41	−0.082%	$3.3M	$21.6M	50x	as long as short
Aster QQQUSDT	0.0000%	8h	741.83	−0.026%	$821K	$861K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.98	−0.005%	$10.7M	$5.1M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.67	−0.047%	$21.4M	$28.4M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	741.68	−0.047%	$5.4M	$6.3M	25x
Bitget QQQUSDT	0.0000%	8h	741.97	−0.007%	$16.5M	$5.4M	20x	as long as short
Variational Omni QQQlong	0.0000%	8h	742.02	long leg	$16.8M	$7.2M	—
SunX QQQ-USDT	0.0000%	8h	742.63	+0.082%	$2K	$1.8M	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	742.02	0.000%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.04	+0.003%	$359K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0010%	8h	741.93	−0.013%	$70.2M	$142.2M	25x	as long as short
edgeX QQQUSDC	+0.0011%	4h	741.80	−0.030%	$758K	$335K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.51	−0.069%	$1.2M	$491K	20x	as long as short
BloFin QQQ-USDT	+0.0018%	8h	741.67	−0.047%	$1.1M	$274K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.58	−0.059%	$7.7M	$15.3M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.00	−0.003%	$37.3M	$80.1M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.28	−0.100%	$644K	$1.7M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.80	+0.105%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.48	−0.073%	$3.4M	$360K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.61	−0.055%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.57	−0.061%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.13	−0.121%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0117%	1h	741.41	−0.082%	$1.6M	$761K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0127%	8h	741.96	−0.009%	$325K	$2.0M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0182%	1h	741.61	−0.055%	$424K	$156K	20x	as long as short
Phoenix QQQ	+0.0227%	1h	741.67	−0.047%	$38K	$65K	20x	as long as short