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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: SunX against Coinbase International+0.140%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$740.745% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.236%−$24 on $10k
Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.140%, 7d avg +0.112%
Together, before fees−0.365%−$36 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.028% dearer against Coinbase International than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.112%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International QQQ-PERP-INTX742.270get 0.0000% / 1h4m 55s$1.2M$538K20x
ShortSunX QQQ-USDT743.310get 0.0000% / 8h3h 04m$2K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0
Price spread: +0.140% → +0.112%
$2.85
Slippage, 4 orders
−$56.48
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$71.63
Costs to cover
0.745%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 4 min ago; SunX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 4 min ago0.07 bp5.7 bp −$67.4 bp −$74doesn't fitdoesn't fit
Sell SunX live order book, 1 min ago21.59 bp38.0 bp −$38doesn't fitdoesn't fitdoesn't fit

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 −0.0141% / S +0.0236%1h742.82+0.073%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0010%1h741.70−0.077%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h742.79+0.070%$824K$857K20xas long as short
Binance QQQUSDT0.0000%8h742.84+0.077%$70.1M$143.8M25xas long as short
Bybit QQQUSDT0.0000%8h742.81+0.073%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.58+0.042%$21.6M$27.4M50xas long as short
Gate QQQ_USDT0.0000%8h742.16−0.015%$3.3M$21.3M50xas long as short
Bitget QQQUSDT0.0000%8h742.92+0.088%$16.7M$5.6M20xas long as short
Variational Omni QQQ0.0000%8h742.76+0.065%$17.1M$7.2Mas long as short
SunX QQQ-USDTshort0.0000%8h743.31+0.140%$2K$1.9M10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit QQQ_USDC-PERPETUAL0.0000%1h742.39+0.016%$424K$151K20xas long as short
Coinbase International QQQ-PERP-INTXlong0.0000%1h742.27long leg$1.2M$538K20x
HTX QQQ-USDT0.0000%8h742.85+0.078%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h743.37+0.148%$361K$1.6M10xas long as short
RISEx QQQ/USDC+0.0010%1h742.84+0.077%$5.4M$7.3M25xas long as short
BloFin QQQ-USDT+0.0022%8h742.86+0.079%$1.1M$246K20xas long as short
Lighter QQQ+0.0032%1h742.67+0.054%$7.7M$15.9M30xas long as short
Lighter RH QQQ+0.0032%1h743.02+0.101%$36.9M$79.5M50xas long as short
Arcus QQQ-USD+0.0040%1h742.03−0.032%$704K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.68+0.190%$337K50xas long as short
GRVT QQQ_USDT_Perp+0.0073%8h742.97+0.094%$320K$1.9M10xas long as short
KuCoin QQQUSDTM+0.0100%8h742.46+0.026%$3.4M$343K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.35+0.011%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h742.50+0.031%$12K$21K20xas long as short
Nado QQQ-PERP+0.0103%1h742.39+0.016%$1.5M$763K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.98−0.039%$92K$1K10xas long as short
Phoenix QQQ+0.0118%1h742.50+0.031%$38K$66K20xas long as short
edgeX QQQUSDC+0.0178%4h742.80+0.071%$759K$334K20xas long as short