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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0165%/8h= +18.0% APRpaid last 24h +0.061%
Price spread now: Bybit against Ondo Perps+0.151%7-day average +0.218% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.285%+$29 on $10k
Price spread, last 7 days+0.102%+$10 · spread now +0.151%, 7d avg +0.218%
Together, before fees+0.388%+ Points / potential airdropOndo Perps: Active · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.068% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.151% now, against its 7-day average of +0.218%). If the spread goes back, that is −$7 on $10k: about 33 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps QQQ-USD.P742.89−0.0165get 0.0021% / 1h35m 06s$4.2M$1.9M20x
ShortBybit QQQUSDT744.010get 0.0000% / 8h6h 35m$10.7M$5.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Ondo Perps. 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
$34.61
Price spread: +0.151% → +0.218%
−$6.76
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$11.85
Costs to cover
0.160%
Break-even
4.6 days
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Bybit live order book, 3 min ago0.07 bp7.2 bp −$79.3 bp −$9345.0 bp −$4,502doesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Ondo Perps QQQ-USD.Plong−0.0165%1h742.89long leg$4.2M$1.9M20x
GMX QQQ/USD [ETH-USDC]L −0.0097% / S +0.0202%1h744.10+0.162%$25K26xas long as short
Bybit QQQUSDTshort0.0000%8h744.01+0.151%$10.7M$5.0M50x
OKX QQQ-USDT-SWAP0.0000%8h743.95+0.143%$21.5M$25.6M50xas long as short
Gate QQQ_USDT0.0000%8h743.68+0.106%$3.3M$21.8M50xas long as short
SunX QQQ-USDT0.0000%8h744.55+0.223%$2K$2.1M10xas long as short
HTX QQQ-USDT0.0000%8h744.08+0.160%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.32+0.192%$361K$1.4M10xas long as short
Aster QQQUSDT+0.0009%8h744.07+0.159%$841K$712K20xas long as short
BloFin QQQ-USDT+0.0026%8h744.31+0.191%$1.1M$319K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QQQ+0.0032%1h743.88+0.133%$7.8M$17.7M30xas long as short
Lighter RH QQQ+0.0032%1h744.28+0.187%$37.4M$79.7M50xas long as short
Arcus QQQ-USD+0.0040%1h743.15+0.035%$703K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.06+0.292%$337K50xas long as short
Coinbase International QQQ-PERP-INTX+0.0048%1h743.40+0.069%$1.2M$536K20xas long as short
Variational Omni QQQ+0.0062%8h743.95+0.143%$17.1M$7.6Mas long as short
Bitget QQQUSDT+0.0066%8h744.13+0.167%$16.9M$5.9M20xas long as short
Binance QQQUSDT+0.0086%8h744.09+0.161%$71.1M$147.6M25xas long as short
KuCoin QQQUSDTM+0.0100%8h743.84+0.128%$3.4M$405K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.62+0.098%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.81+0.124%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.27+0.052%$93K$1K10xas long as short
Nado QQQ-PERP+0.0121%1h743.72+0.112%$1.5M$1.0M20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0140%1h743.91+0.137%$425K$148K20xas long as short
RISEx QQQ/USDC+0.0168%1h744.13+0.167%$5.4M$8.1M25xas long as short
Phoenix QQQ+0.0183%1h743.66+0.104%$38K$66K20xas long as short
GRVT QQQ_USDT_Perp+0.0230%8h744.26+0.185%$318K$1.8M10xas long as short
edgeX QQQUSDC+0.0751%4h743.92+0.139%$761K$334K20xas long as short