Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.010%

Price spread now: Arcus against Gate−0.047%7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 7 days−0.064%−$6 · spread now −0.047%, 7d avg −0.138%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.091% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	744.37	0	get 0.0000% / 8h	7h 25m	$3.2M	$27.8M	50x
Short	Arcus QQQ-USD	744.02	0.0040	get 0.0005% / 1h	25m 01s	$748K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.047%Rate

Funding earned: $8.46
Price spread: −0.047% → −0.138%: $9.08
Slippage, 4 orders: −$13.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$15.01
Costs to cover: 0.325%
Break-even: 19.4 days

Slippage from Gate: live order book, 4 min ago; Arcus: live order book, 4 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 Gate live order book, 4 min ago	0.07 bp	10.8 bp −$11	16.0 bp −$160	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	1.08 bp	5.9 bp −$6	10.2 bp −$102	doesn't fit	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
Ondo Perps QQQ-USD.P	−0.0356%	1h	743.42	−0.128%	$4.2M	$2.1M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0087% / S +0.0194%	1h	744.72	+0.046%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0001%	8h	744.38	+0.001%	$1.1M	$318K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.79	+0.056%	$10.7M	$4.9M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.54	+0.023%	$21.5M	$25.3M	50x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	744.37	long leg	$3.2M	$27.8M	50x
SunX QQQ-USDT	0.0000%	8h	745.22	+0.114%	$2K	$2.2M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	745.42	+0.141%	$258K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.92	+0.074%	$362K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0003%	8h	744.19	−0.025%	$841K	$714K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter QQQ	+0.0032%	1h	744.40	+0.004%	$7.7M	$18.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.81	+0.059%	$37.4M	$80.2M	50x	as long as short
Arcus QQQ-USDshort	+0.0040%	1h	744.02	−0.047%	$748K	$1.5M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	745.26	+0.120%	—	$306K	50x	as long as short
Variational Omni QQQ	+0.0052%	8h	744.72	+0.047%	$17.1M	$9.6M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	744.36	−0.001%	$1.2M	$549K	20x	as long as short
Binance QQQUSDT	+0.0080%	8h	744.59	+0.030%	$71.1M	$152.1M	25x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0099%	1h	744.42	+0.007%	$425K	$147K	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.30	−0.009%	$3.4M	$410K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.53	+0.021%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.47	+0.013%	$12K	$21K	20x	as long as short
Nado QQQ-PERP	+0.0101%	1h	744.45	+0.011%	$1.5M	$1.2M	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.96	−0.055%	$93K	$1K	10x	as long as short
Bitget QQQUSDT	+0.0180%	8h	744.75	+0.051%	$16.9M	$6.5M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.76	+0.052%	$5.4M	$8.6M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	744.03	−0.046%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0304%	8h	745.05	+0.092%	$317K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0961%	4h	744.90	+0.072%	$762K	$335K	20x	as long as short