Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0887%/8h= +97.1% APRpaid last 24h +0.035%

Price spread now: edgeX against ApeX Omni+0.061%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.061%, 7d avg +0.012%

Together, before fees−0.134%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and edgeX is 0.050% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.113%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni QQQUSDT	742.75	0.0100	pay 0.0013% / 1h	9m 05s	$20K	$2.2M	50x
Short	edgeX QQQUSDC	743.21	0.0987	get 0.0494% / 4h	2h 09m	$760K	$334K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $186.3
Price spread: +0.061% → +0.012%: $4.96
Slippage, 4 orders: −$17.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $154.33
Costs to cover: 0.369%
Break-even: 1.2 days

Slippage from ApeX Omni: live order book, 5 min ago; edgeX: live order book, 40 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 ApeX Omni live order book, 5 min ago	3.77 bp	9.7 bp −$10	24.6 bp −$246	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	4.11 bp	8.7 bp −$9	9.7 bp −$97	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 −0.0152% / S +0.0246%	1h	743.35	+0.080%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0004%	8h	742.84	+0.012%	$1.1M	$278K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.87	+0.016%	$824K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	743.16	+0.055%	$70.0M	$145.1M	25x	as long as short
Bybit QQQUSDT	0.0000%	8h	743.22	+0.063%	$10.6M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.10	+0.047%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	743.38	+0.084%	$5.4M	$6.7M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.64	−0.015%	$3.3M	$21.4M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	743.30	+0.074%	$16.6M	$5.6M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	743.18	+0.059%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDT	0.0000%	8h	743.76	+0.136%	$2K	$1.8M	10x	as long as short
Coinbase International QQQ-PERP-INTX	0.0000%	1h	742.77	+0.003%	$1.2M	$541K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.39	+0.086%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.65	+0.121%	$360K	$1.6M	10x	as long as short
Ondo Perps QQQ-USD.P	+0.0001%	1h	742.06	−0.093%	$4.2M	$1.8M	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.96	+0.028%	$7.6M	$15.7M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.34	+0.079%	$36.9M	$80.9M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.15	−0.081%	$689K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.28	+0.206%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0095%	8h	743.38	+0.085%	$316K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.92	+0.023%	$3.4M	$363K	20x	as long as short
ApeX Omni QQQUSDTlong	+0.0100%	1h	742.75	long leg	$20K	$2.2M	50x
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.04	+0.039%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.59	−0.022%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0122%	1h	742.92	+0.023%	$1.5M	$748K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	742.54	−0.028%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0140%	1h	743.08	+0.044%	$424K	$152K	20x	as long as short
edgeX QQQUSDCshort	+0.0987%	4h	743.21	+0.061%	$760K	$334K	20x