Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.049%

Price spread now: RISEx against Gate+0.057%7-day average +0.026% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.220%+$22 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.057%, 7d avg +0.026%

Together, before fees+0.105%+$10 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: RISEx is 0.030% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	739.81	0	get 0.0000% / 8h	7h 20m	$3.3M	$20.8M	50x
Short	RISEx QQQ/USDC	740.23	0	get 0.0000% / 1h	20m 01s	$5.4M	$5.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.026%: $3.02
Slippage, 4 orders: −$11.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$29.59
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; RISEx: 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	2.57 bp	14.6 bp −$15	18.0 bp −$180	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.54 bp	3.6 bp −$4	4.3 bp −$43	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
GMX QQQ/USD [ETH-USDC]	L −0.0187% / S +0.0273%	1h	740.51	+0.095%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0009%	8h	740.02	+0.028%	$1.1M	$278K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	740.26	+0.060%	$855K	$903K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	740.79	+0.132%	$10.6M	$5.0M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	740.51	+0.095%	$21.8M	$30.0M	50x	as long as short
RISEx QQQ/USDCshort	0.0000%	1h	740.23	+0.057%	$5.4M	$5.7M	25x
Gate QQQ_USDTlong	0.0000%	8h	739.81	long leg	$3.3M	$20.8M	50x
Bitget QQQUSDT	0.0000%	8h	740.84	+0.139%	$16.5M	$5.1M	20x	as long as short
SunX QQQ-USDT	0.0000%	8h	740.96	+0.155%	$2K	$1.6M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	740.17	+0.049%	$423K	$128K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	739.76	−0.007%	$250K	$38K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	740.63	+0.111%	$364K	$1.6M	10x	as long as short
Variational Omni QQQ	+0.0003%	8h	740.38	+0.077%	$16.7M	$7.2M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0024%	1h	739.81	0.000%	$1.2M	$499K	20x	as long as short
Lighter QQQ	+0.0032%	1h	740.26	+0.061%	$7.6M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	740.68	+0.118%	$37.6M	$80.3M	50x	as long as short
Binance QQQUSDT	+0.0032%	8h	740.96	+0.155%	$70.3M	$141.1M	25x	as long as short
Arcus QQQ-USD	+0.0040%	1h	739.55	−0.035%	$647K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	741.46	+0.223%	—	$337K	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0050%	1h	739.35	−0.062%	$4.2M	$1.8M	20x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	740.19	+0.051%	$3.4M	$393K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	739.50	−0.042%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	740.11	+0.041%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	739.62	−0.026%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0137%	8h	740.00	+0.026%	$314K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0150%	1h	740.09	+0.038%	$1.6M	$748K	20x	as long as short
Phoenix QQQ	+0.0248%	1h	739.00	−0.109%	$38K	$65K	20x	as long as short
edgeX QQQUSDC	+0.0541%	4h	739.75	−0.007%	$756K	$335K	20x	as long as short