Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0157%/8hpaid last 24h −0.087%

Price spread now: Binance against Arcus+0.093%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.105%−$10 on $10k

Price spread, last 1 day (all we have)+0.081%+$8 · spread now +0.093%, 7d avg +0.130%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.037% cheaper against Arcus than usual: you would sell low and buy high (spread +0.093% now, against its 7-day average of +0.130%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 3 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus QQQ-USD	742.33	−0.0037	get 0.0005% / 1h	23m 23s	$757K	$1.5M	25x
Short	Binance QQQUSDT	743.02	0.0119	get 0.0119% / 8h	4h 23m	$69.8M	$155.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: $32.92
Price spread: +0.093% → +0.130%: −$3.7
Slippage, 4 orders: −$4.19
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: $10.54
Costs to cover: 0.187%
Break-even: 4.8 days

Slippage from Arcus: live order book, 5 min ago; Binance: live order book, 9 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 Arcus live order book, 5 min ago	0.47 bp	4.0 bp −$4	5.6 bp −$56	12.2 bp −$1,217	doesn't fit
Sell Binance live order book, 9 min ago	0.07 bp	5.1 bp −$5	5.5 bp −$55	8.3 bp −$829	22.2 bp −$11.1K

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	−0.0081%	1h	741.84	−0.066%	$4.2M	$2.3M	20x	as long as short
Arcus QQQ-USDlong	−0.0037%	1h	742.33	long leg	$757K	$1.5M	25x
GMX QQQ/USD [ETH-USDC]	L −0.0026% / S +0.0135%	1h	743.04	+0.096%	$25K	—	53x	as long as short
Gate QQQ_USDT	−0.0016%	8h	742.28	−0.007%	$3.1M	$33.8M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.97	+0.086%	$21.3M	$26.1M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	743.08	+0.101%	$5.2M	$9.0M	25x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.49	+0.156%	$2K	$2.4M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.16	+0.112%	$257K	$33K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.42	+0.147%	$360K	$1.3M	10x	as long as short
Phoenix QQQ	+0.0022%	1h	742.56	+0.031%	$38K	$73K	20x	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	742.90	+0.077%	$8.0M	$21.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	743.33	+0.135%	$39.3M	$84.1M	50x	as long as short
Aster QQQUSDT	+0.0037%	8h	743.02	+0.093%	$846K	$584K	20x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.68	+0.182%	—	$621K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	742.77	+0.059%	$1.2M	$848K	20x	as long as short
Bybit QQQUSDT	+0.0066%	8h	743.09	+0.102%	$10.6M	$5.8M	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.72	+0.053%	$3.4M	$439K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.60	+0.036%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.24	−0.012%	$7K	$15K	20x	as long as short
Variational Omni QQQ	+0.0101%	8h	742.68	+0.047%	$17.2M	$10.4M	—	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.40	+0.009%	$92K	$1K	10x	as long as short
Binance QQQUSDTshort	+0.0119%	8h	743.02	+0.093%	$69.8M	$155.0M	25x
BloFin QQQ-USDT	+0.0120%	8h	742.22	−0.015%	$1.1M	$511K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0141%	1h	742.90	+0.077%	$424K	$303K	20x	as long as short
Nado QQQ-PERP	+0.0152%	1h	742.59	+0.035%	$1.5M	$1.4M	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0203%	8h	743.10	+0.104%	$321K	$1.5M	10x	as long as short
Bitget QQQUSDT	+0.0284%	8h	743.09	+0.102%	$16.9M	$7.5M	20x	as long as short
edgeX QQQUSDC	+0.0516%	4h	742.88	+0.074%	$760K	$335K	20x	as long as short