Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.005%

Price spread now: Bitget against Coinbase International+0.077%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.077%, 7d avg +0.096%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.096%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.129%, 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	Coinbase International QQQ-PERP-INTX	742.80	0.0072	pay 0.0009% / 1h	37m 59s	$1.2M	$866K	20x
Short	Bitget QQQUSDT	743.37	0.0191	get 0.0191% / 8h	37m 59s	$16.9M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.077%Rate

Funding earned: $24.99
Price spread: +0.077% → +0.096%: −$1.98
Slippage, 4 orders: −$1.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$0.91
Costs to cover: 0.239%
Break-even: 7.3 days

Slippage from Coinbase International: live order book, just now; Bitget: live order book, 1 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 Coinbase International live order book, just now	0.07 bp	5.3 bp −$5	6.8 bp −$68	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.07 bp	6.6 bp −$7	8.8 bp −$88	12.1 bp −$1,214	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 −0.0072% / S +0.0183%	1h	743.30	+0.068%	$25K	—	26x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	743.16	+0.048%	$21.6M	$27.7M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.80	0.000%	$3.1M	$32.8M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	743.73	+0.125%	$1K	$2.3M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.15	+0.047%	$257K	$26K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.94	+0.153%	$361K	$1.4M	10x	as long as short
Aster QQQUSDT	0.0000%	8h	743.30	+0.068%	$841K	$783K	20x	as long as short
BloFin QQQ-USDT	+0.0004%	8h	743.09	+0.039%	$1.1M	$469K	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	742.69	−0.015%	$738K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.74	+0.127%	—	$621K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH QQQ	+0.0048%	1h	743.48	+0.092%	$37.5M	$79.2M	50x	as long as short
Variational Omni QQQ	+0.0050%	8h	743.30	+0.068%	$17.6M	$10.3M	—	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	742.02	−0.105%	$4.2M	$2.1M	20x	as long as short
Coinbase International QQQ-PERP-INTXlong	+0.0072%	1h	742.80	long leg	$1.2M	$866K	20x
Binance QQQUSDT	+0.0079%	8h	743.33	+0.071%	$71.0M	$160.6M	25x	as long as short
Lighter QQQ	+0.0080%	1h	743.16	+0.048%	$7.6M	$20.9M	30x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.88	+0.011%	$3.4M	$423K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.85	+0.007%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	743.07	+0.036%	$12K	$21K	20x	as long as short
Bybit QQQUSDT	+0.0101%	8h	743.39	+0.079%	$10.7M	$5.2M	50x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.60	−0.027%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0181%	1h	742.78	−0.003%	$1.5M	$1.3M	20x	as long as short
Bitget QQQUSDTshort	+0.0191%	8h	743.37	+0.077%	$16.9M	$7.1M	20x
GRVT QQQ_USDT_Perp	+0.0192%	8h	743.51	+0.095%	$323K	$1.8M	10x	as long as short
RISEx QQQ/USDC	+0.0193%	1h	743.46	+0.089%	$5.4M	$8.9M	25x	as long as short
Phoenix QQQ	+0.0194%	1h	743.04	+0.032%	$38K	$73K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0194%	1h	743.06	+0.035%	$424K	$173K	20x	as long as short
edgeX QQQUSDC	+0.0437%	4h	743.22	+0.057%	$760K	$335K	20x	as long as short