QQQ

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.059%

Price spread now: RISEx against Arcus+0.136%7-day average +0.160% · 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−$20as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Arcus Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.164%+$16 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.136%, 7d avg +0.160%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.024% cheaper against Arcus than usual: you would sell low and buy high (spread +0.136% now, against its 7-day average of +0.160%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus QQQ-USD	743.79	0.0040	pay 0.0005% / 1h	59m 20s	$748K	$1.5M	25x
Short	RISEx QQQ/USDC	744.80	0.0168	get 0.0021% / 1h	59m 20s	$5.4M	$8.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.136%Rate

Funding earned: $26.83
Price spread: +0.136% → +0.160%: −$2.35
Slippage, 4 orders: −$7.6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee RISEx: 3 bp × 2 orders: −$6
Net: $6.38
Costs to cover: 0.181%
Break-even: 5.3 days

Slippage from Arcus: live order book, 5 min ago; RISEx: live order book, 5 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	0.20 bp	5.6 bp −$6	9.0 bp −$90	25.5 bp −$2,550	doesn't fit
Sell RISEx live order book, 5 min ago	0.07 bp	3.1 bp −$3	3.5 bp −$35	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	−0.0293%	1h	743.10	−0.093%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0092% / S +0.0199%	1h	744.75	+0.128%	$25K	—	26x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.52	+0.098%	$21.5M	$25.3M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	744.36	+0.077%	$3.2M	$19.9M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	745.21	+0.191%	$2K	$2.1M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.94	+0.155%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	745.09	+0.175%	$359K	$1.4M	10x	as long as short
BloFin QQQ-USDT	+0.0003%	8h	744.38	+0.079%	$1.1M	$320K	20x	as long as short
Aster QQQUSDT	+0.0023%	8h	744.66	+0.117%	$841K	$713K	20x	as long as short
Bybit QQQUSDT	+0.0025%	8h	744.74	+0.128%	$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	744.51	+0.097%	$7.7M	$17.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.91	+0.151%	$37.4M	$78.5M	50x	as long as short
Arcus QQQ-USDlong	+0.0040%	1h	743.79	long leg	$748K	$1.5M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	745.30	+0.203%	—	$306K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.09	+0.040%	$1.2M	$545K	20x	as long as short
Variational Omni QQQ	+0.0072%	8h	744.60	+0.110%	$17.1M	$7.6M	—	as long as short
Nado QQQ-PERP	+0.0098%	1h	744.41	+0.083%	$1.5M	$1.1M	20x	as long as short
Binance QQQUSDT	+0.0100%	8h	744.74	+0.128%	$71.3M	$149.1M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.46	+0.090%	$3.4M	$410K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.13	+0.046%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.51	+0.097%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	744.09	+0.041%	$93K	$1K	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0113%	1h	744.49	+0.094%	$425K	$147K	20x	as long as short
Bitget QQQUSDT	+0.0143%	8h	744.71	+0.124%	$16.9M	$6.1M	20x	as long as short
RISEx QQQ/USDCshort	+0.0168%	1h	744.80	+0.136%	$5.4M	$8.2M	25x
edgeX QQQUSDC	+0.0216%	4h	744.53	+0.099%	$761K	$337K	20x	as long as short
Phoenix QQQ	+0.0258%	1h	744.24	+0.061%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0371%	8h	744.88	+0.147%	$318K	$1.8M	10x	as long as short