QQQ

Alert

Funding spread now, next payment 16:00 UTC+0.0213%/8h

next payment, per $10,000+$0.27paid, last 24h+0.109%paid, last 3 days−0.057%to open and close $10k−$19

Long on Coinbase International Short on RISEx

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.057% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. 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	Coinbase International QQQ-PERP-INTX	738.94	0.0008	pay 0.0001% / 1h	7m 14s	$1.2M	$824K	20x
Short	RISEx QQQ/USDC	739.04	0.0221	get 0.0028% / 1h	7m 14s	$5.5M	$9.0M	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee RISExbpOrdersRate

Funding earned: $44.65
Slippage, 4 orders: −$3.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $25.46
Break-even: 3.0 days

Slippage from Coinbase International: live order book, 3 min ago; RISEx: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.014%
Avg gap 7d: +0.096%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 3 min ago	0.07 bp	6.0 bp −$6	6.9 bp −$69	45.5 bp −$4,549	doesn't fit
Sell RISEx live order book, 3 min ago	0.07 bp	3.1 bp −$3	3.6 bp −$36	doesn't fit	doesn't fit

QQQ on 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps QQQ-USD.P	−0.0301%	1h	$4.3M	$1.9M	20x	as long as short
BloFin QQQ-USDT	−0.0015%	8h	$1.0M	$470K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	$20.9M	$23.2M	50x	as long as short
Gate QQQ_USDT	0.0000%	8h	$2.8M	$33.4M	50x	as long as short
SunX QQQ-USDT	0.0000%	8h	$2K	$2.4M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	$258K	$27K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	$359K	$1.3M	10x	as long as short
Coinbase International QQQ-PERP-INTXlong	+0.0008%	1h	$1.2M	$824K	20x
GMX QQQ/USD [ETH-USDC]	L +0.0009% / S +0.0095%	1h	$23K	—	53x	as long as short
Lighter RH QQQ	+0.0032%	1h	$39.9M	$78.9M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Arcus QQQ-USD	+0.0040%	1h	$782K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	—	$540K	50x	as long as short
Aster QQQUSDT	+0.0058%	8h	$823K	$520K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	$3.4M	$429K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	$22K	$2.1M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	$14K	$8K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	$92K	$1K	10x	as long as short
Variational Omni QQQ	+0.0112%	8h	$17.5M	$9.4M	—	as long as short
Phoenix QQQ	+0.0119%	1h	$38K	$74K	20x	as long as short
Binance QQQUSDT	+0.0134%	8h	$72.1M	$139.8M	25x	as long as short
Lighter QQQ	+0.0136%	1h	$8.0M	$18.5M	30x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0183%	1h	$422K	$309K	20x	as long as short
Bybit QQQUSDT	+0.0199%	8h	$10.8M	$5.0M	50x	as long as short
Nado QQQ-PERP	+0.0204%	1h	$1.5M	$1.4M	20x	as long as short
RISEx QQQ/USDCshort	+0.0221%	1h	$5.5M	$9.0M	25x
Bitget QQQUSDT	+0.0279%	8h	$16.5M	$7.2M	20x	as long as short
edgeX QQQUSDC	+0.0294%	4h	$756K	$335K	20x	as long as short