Settings8H · net · $10k
Funding arb · Price arb /

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.010%
Price spread now: Orderly against Bitget−0.076%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.076% cheaper against Bitget than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget QQQUSDT741.460get 0.0000% / 8h7h 16m$16.5M$5.1M20x
ShortOrderly PERP_QQQ_USDC_mythos740.900.0100get 0.0100% / 8h7h 16m$12K$21K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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

Funding earned
$21
Price spread: −0.076% → 0.000%
−$7.55
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$4.55
Costs to cover
0.180%
Break-even
8.5 days
Slippage unknown: Bitget: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago0.07 bp7.1 bp −$78.5 bp −$8512.1 bp −$1,211doesn't fit
Sell Orderly no order-book sample
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX QQQ/USD [ETH-USDC]L −0.0188% / S +0.0273%1h741.16−0.040%$25K26xas long as short
Aster QQQUSDT0.0000%8h741.09−0.050%$856K$903K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.12−0.046%$21.6M$30.1M50xas long as short
RISEx QQQ/USDC0.0000%1h740.94−0.070%$5.4M$5.7M25xas long as short
Gate QQQ_USDT0.0000%8h740.48−0.132%$3.3M$20.8M50xas long as short
Bitget QQQUSDTlong0.0000%8h741.46long leg$16.5M$5.1M20x
SunX QQQ-USDT0.0000%8h741.68+0.030%$2K$1.6M10xas long as short
HTX QQQ-USDT0.0000%8h741.42−0.005%$250K$38K30xas long as short
Phemex QQQUSDT0.0000%8h741.42−0.005%$362K$1.6M10xas long as short
BloFin QQQ-USDT+0.0002%8h740.91−0.074%$1.1M$279K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni QQQ+0.0003%8h740.38−0.146%$16.7M$7.2Mas long as short
Bybit QQQUSDT+0.0009%8h741.40−0.008%$10.6M$5.0M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0024%1h740.40−0.143%$1.2M$502K20xas long as short
Lighter QQQ+0.0032%1h740.87−0.080%$7.6M$15.5M30xas long as short
Lighter RH QQQ+0.0032%1h741.29−0.023%$37.7M$80.5M50xas long as short
Binance QQQUSDT+0.0036%8h741.24−0.030%$70.4M$141.3M25xas long as short
Arcus QQQ-USD+0.0040%1h740.38−0.146%$647K$1.4M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.07+0.082%$337K50xas long as short
Ondo Perps QQQ-USD.P+0.0050%1h739.35−0.285%$4.2M$1.8M20xas long as short
KuCoin QQQUSDTM+0.0100%8h740.62−0.113%$3.4M$395K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h739.88−0.213%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythosshort+0.0100%8h740.90−0.076%$12K$21K20x
Deribit QQQ_USDC-PERPETUAL+0.0101%1h740.90−0.076%$423K$128K20xas long as short
Aevo QQQ-PERP+0.0104%1h740.24−0.164%$92K$1K10xas long as short
Nado QQQ-PERP+0.0147%1h740.69−0.104%$1.6M$748K20xas long as short
GRVT QQQ_USDT_Perp+0.0213%8h740.89−0.077%$314K$2.0M10xas long as short
Phoenix QQQ+0.0248%1h740.16−0.175%$38K$65K20xas long as short
edgeX QQQUSDC+0.0610%4h740.62−0.114%$757K$336K20xas long as short