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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against Phemex−0.075%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$880.877% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.075%, 7d avg −0.073%
Together, before fees−0.061%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex QQQUSDT742.290get 0.0000% / 8h6h 16m$362K$1.6M10x
ShortGate QQQ_USDT741.730get 0.0000% / 8h6h 16m$3.5M$20.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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: −0.075% → −0.073%
−$0.22
Slippage, 4 orders
−$60.72
Fee Phemex: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$87.94
Costs to cover
0.877%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 6 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 Phemex live order book, 5 min ago2.36 bp31.7 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 6 min ago2.36 bp12.7 bp −$1317.5 bp −$175doesn't fitdoesn'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 −0.0200% / S +0.0283%1h741.76−0.071%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0109%1h740.49−0.242%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h741.98−0.041%$857K$902K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.72−0.077%$21.7M$29.7M50xas long as short
RISEx QQQ/USDC0.0000%1h741.71−0.078%$5.4M$5.8M25xas long as short
Gate QQQ_USDTshort0.0000%8h741.73−0.075%$3.5M$20.3M50x
Bitget QQQUSDT0.0000%8h741.84−0.061%$16.7M$5.4M20xas long as short
SunX QQQ-USDT0.0000%8h742.26−0.004%$2K$1.5M10xas long as short
HTX QQQ-USDT0.0000%8h741.83−0.062%$251K$38K30xas long as short
Phemex QQQUSDTlong0.0000%8h742.29long leg$362K$1.6M10x
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin QQQ-USDT+0.0017%8h741.53−0.102%$1.1M$227K20xas long as short
Variational Omni QQQ+0.0025%8h741.58−0.095%$16.8M$7.2Mas long as short
Lighter QQQ+0.0032%1h741.71−0.078%$7.5M$15.0M30xas long as short
Lighter RH QQQ+0.0032%1h742.15−0.019%$38.4M$78.2M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h741.31−0.132%$1.2M$528K20xas long as short
Arcus QQQ-USD+0.0040%1h741.11−0.159%$648K$1.4M25xas long as short
Bybit QQQUSDT+0.0045%8h741.95−0.046%$10.6M$4.9M50xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.87+0.078%$337K50xas long as short
Binance QQQUSDT+0.0054%8h742.04−0.033%$71.1M$141.2M25xas long as short
KuCoin QQQUSDTM+0.0100%8h741.49−0.108%$3.4M$447K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.16−0.152%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.67−0.084%$12K$21K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0101%1h741.69−0.081%$424K$125K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.13−0.156%$92K$1K10xas long as short
Nado QQQ-PERP+0.0116%1h741.44−0.115%$1.6M$795K20xas long as short
GRVT QQQ_USDT_Perp+0.0193%8h741.90−0.053%$321K$2.0M10xas long as short
edgeX QQQUSDC+0.0276%4h741.57−0.097%$758K$336K20xas long as short
Phoenix QQQ+0.0280%1h741.34−0.128%$38K$59K20xas long as short