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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%
Price spread now: Bitget against Deribit+0.050%48s7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$220.224% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.023%−$2 on $10k
Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.050%, 7d avg +0.087%
Together, before fees−0.025%−$2 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: Bitget is 0.037% cheaper against Deribit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.087%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit QQQ_USDC-PERPETUAL742.920get 0.0000% / 1h46m 28s$399K$143K20x
ShortBitget QQQUSDT743.290get 0.0000% / 8h5h 46m$17.0M$5.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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: +0.050% → +0.087%
−$3.71
Slippage, 4 orders
−$3.4
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$26.11
Costs to cover
0.224%
Break-even
never at this rate
Slippage from Deribit: live order book, 65 min ago; Bitget: live order book, 5 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 Deribit live order book, 65 min ago0.07 bp3.6 bp −$44.8 bp −$48doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago0.07 bp6.8 bp −$79.4 bp −$9413.4 bp −$1,340doesn't fit

QQQ on 28 exchanges

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 −0.0203% / S +0.0285%1h743.37+0.060%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0114%1h742.19−0.098%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0022%8h743.08+0.022%$1.1M$237K20xas long as short
Aster QQQUSDT0.0000%8h743.26+0.045%$857K$903K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.93+0.001%$21.8M$30.3M50xas long as short
RISEx QQQ/USDC0.0000%1h743.00+0.011%$5.5M$5.7M25xas long as short
Gate QQQ_USDT0.0000%8h742.70−0.030%$3.5M$19.8M50xas long as short
Bitget QQQUSDTshort0.0000%8h743.29+0.050%$17.0M$5.9M20x
SunX QQQ-USDT0.0000%8h743.73+0.109%$2K$1.6M10xas long as short
Deribit QQQ_USDC-PERPETUALlong0.0000%1h742.92long leg$399K$143K20x
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX QQQ-USDT0.0000%8h743.33+0.055%$247K$45K30xas long as short
Phemex QQQUSDT0.0000%8h743.94+0.137%$364K$1.6M10xas long as short
Lighter QQQ+0.0032%1h742.55−0.050%$7.3M$15.5M30xas long as short
Lighter RH QQQ+0.0032%1h743.25+0.044%$38.6M$76.8M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h742.87−0.007%$1.2M$541K20xas long as short
Arcus QQQ-USD+0.0040%1h742.06−0.116%$659K$1.4M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.00+0.145%$337K50xas long as short
Variational Omni QQQ+0.0048%8h743.46+0.072%$16.8M$6.9Mas long as short
Bybit QQQUSDT+0.0068%8h743.25+0.044%$10.5M$4.8M50xas long as short
Binance QQQUSDT+0.0076%8h743.20+0.038%$71.6M$146.0M25xas long as short
KuCoin QQQUSDTM+0.0100%8h742.90−0.003%$3.4M$466K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.03+0.015%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.07+0.020%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h742.59−0.045%$92K$1K10xas long as short
Nado QQQ-PERP+0.0131%1h742.72−0.027%$1.6M$770K20xas long as short
GRVT QQQ_USDT_Perp+0.0250%8h743.76+0.113%$321K$2.1M10xas long as short
Phoenix QQQ+0.0302%1h743.26+0.046%$38K$59K20xas long as short
edgeX QQQUSDC+0.0589%4h743.40+0.064%$760K$335K20xas long as short