Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate+0.103%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.103%, 7d avg +0.083%

Together, before fees−0.013%−$1 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 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate QQQ_USDT	743.98	0	get 0.0000% / 8h	7h 23m	$3.2M	$27.9M	50x
Short	SunX QQQ-USDT	744.75	0	get 0.0000% / 8h	7h 23m	$2K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.083%: $2.07
Slippage, 4 orders: −$61.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$81.97
Costs to cover: 0.840%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; SunX: live order book, 3 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, 6 min ago	0.07 bp	10.8 bp −$11	16.0 bp −$160	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	21.60 bp	38.1 bp −$38	doesn't fit	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	−0.0349%	1h	742.70	−0.172%	$4.2M	$2.0M	20x	as long as short
GMX QQQ/USD [ETH-USDC]	L −0.0087% / S +0.0195%	1h	744.29	+0.042%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0001%	8h	744.17	+0.026%	$1.1M	$318K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	744.32	+0.046%	$10.7M	$4.9M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	744.02	+0.005%	$21.4M	$25.3M	50x	as long as short
Gate QQQ_USDTlong	0.0000%	8h	743.98	long leg	$3.2M	$27.9M	50x
SunX QQQ-USDTshort	0.0000%	8h	744.75	+0.103%	$2K	$2.2M	10x
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	743.92	−0.008%	$425K	$147K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	745.42	+0.194%	$258K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.53	+0.074%	$362K	$1.4M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster QQQUSDT	+0.0004%	8h	744.25	+0.037%	$841K	$714K	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.01	+0.004%	$7.7M	$18.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.39	+0.055%	$37.4M	$80.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.80	−0.024%	$748K	$1.5M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	744.81	+0.112%	—	$306K	50x	as long as short
Variational Omni QQQ	+0.0052%	8h	744.72	+0.100%	$17.1M	$9.6M	—	as long as short
Coinbase International QQQ-PERP-INTX	+0.0064%	1h	744.24	+0.035%	$1.2M	$550K	20x	as long as short
Binance QQQUSDT	+0.0081%	8h	744.23	+0.034%	$71.1M	$152.3M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	743.89	−0.012%	$3.4M	$410K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.53	+0.074%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.08	+0.013%	$12K	$21K	20x	as long as short
Nado QQQ-PERP	+0.0103%	1h	743.81	−0.022%	$1.5M	$1.2M	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.55	−0.058%	$93K	$1K	10x	as long as short
Bitget QQQUSDT	+0.0177%	8h	744.34	+0.048%	$16.9M	$6.4M	20x	as long as short
RISEx QQQ/USDC	+0.0208%	1h	744.27	+0.039%	$5.4M	$8.6M	25x	as long as short
Phoenix QQQ	+0.0258%	1h	744.20	+0.030%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0318%	8h	744.89	+0.122%	$316K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0971%	4h	744.68	+0.094%	$761K	$336K	20x	as long as short