Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.010%

Price spread now: Bitget against ApeX Omni+0.073%73s7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.328% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.073%, 7d avg +0.089%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni QQQUSDT	744.13	0.0100	pay 0.0013% / 1h	58m 11s	$20K	$2.2M	50x
Short	Bitget QQQUSDT	744.67	0.0141	get 0.0141% / 8h	6h 58m	$16.9M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.073%Rate

Funding earned: $8.61
Price spread: +0.073% → +0.089%: −$1.66
Slippage, 4 orders: −$10.77
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.83
Costs to cover: 0.328%
Break-even: 28.0 days

Slippage from ApeX Omni: live order book, 1 min ago; Bitget: live order book, just now.

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 ApeX Omni live order book, 1 min ago	3.76 bp	9.9 bp −$10	34.1 bp −$341	doesn't fit	doesn't fit
Sell Bitget live order book, just now	0.07 bp	6.3 bp −$6	8.1 bp −$81	11.9 bp −$1,193	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	−0.0278%	1h	743.10	−0.138%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0092% / S +0.0199%	1h	744.63	+0.067%	$25K	—	26x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.27	+0.019%	$21.5M	$25.3M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.28	+0.020%	$3.2M	$19.9M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.08	+0.128%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.94	+0.109%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.71	+0.078%	$359K	$1.4M	10x	as long as short
BloFin QQQ-USDT	+0.0019%	8h	744.38	+0.034%	$1.1M	$320K	20x	as long as short
Aster QQQUSDT	+0.0023%	8h	744.66	+0.071%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	+0.0024%	8h	744.61	+0.065%	$10.7M	$5.0M	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	744.33	+0.027%	$7.7M	$17.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.63	+0.067%	$37.4M	$78.5M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.77	−0.048%	$748K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.23	+0.148%	—	$309K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.05	−0.011%	$1.2M	$545K	20x	as long as short
Variational Omni QQQ	+0.0072%	8h	744.60	+0.064%	$17.1M	$7.6M	—	as long as short
Nado QQQ-PERP	+0.0075%	1h	744.32	+0.025%	$1.5M	$1.1M	20x	as long as short
Binance QQQUSDT	+0.0099%	8h	744.53	+0.054%	$71.3M	$148.7M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.38	+0.034%	$3.4M	$409K	20x	as long as short
ApeX Omni QQQUSDTlong	+0.0100%	1h	744.13	long leg	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.43	+0.040%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.92	−0.028%	$93K	$1K	10x	as long as short
Bitget QQQUSDTshort	+0.0141%	8h	744.67	+0.073%	$16.9M	$6.1M	20x
Deribit QQQ_USDC-PERPETUAL	+0.0153%	1h	744.42	+0.039%	$425K	$147K	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.71	+0.078%	$5.4M	$8.2M	25x	as long as short
edgeX QQQUSDC	+0.0216%	4h	744.53	+0.053%	$761K	$337K	20x	as long as short
Phoenix QQQ	+0.0258%	1h	744.24	+0.015%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0371%	8h	744.88	+0.101%	$318K	$1.8M	10x	as long as short