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

QQQ

RWAall QQQ markets
SwapBacktest
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 Phemex+0.016%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1291.292% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.016%, 7d avg +0.013%
Together, before fees−0.005%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex QQQUSDT744.320get 0.0000% / 8h5h 23m$361K$1.5M10x
ShortSunX QQQ-USDT744.440get 0.0000% / 8h5h 23m$2K$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.016% → +0.013%
$0.31
Slippage, 4 orders
−$109.17
Fee Phemex: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$128.86
Costs to cover
1.292%
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; SunX: live order book, 2 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, 4 min ago2.29 bp37.8 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 2 min ago21.62 bp38.1 bp −$38doesn't fitdoesn't fitdoesn't fit

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
GMX QQQ/USD [ETH-USDC]L −0.0112% / S +0.0214%1h744.03−0.038%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0053%1h742.77−0.208%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0003%8h744.02−0.040%$1.1M$303K20xas long as short
Aster QQQUSDT0.0000%8h744.05−0.036%$841K$713K20xas long as short
Bybit QQQUSDT0.0000%8h744.11−0.028%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h743.93−0.052%$21.7M$26.3M50xas long as short
RISEx QQQ/USDC0.0000%1h744.05−0.036%$5.4M$7.5M25xas long as short
Gate QQQ_USDT0.0000%8h743.59−0.098%$3.3M$21.1M50xas long as short
Bitget QQQUSDT0.0000%8h744.34+0.003%$16.9M$5.7M20xas long as short
SunX QQQ-USDTshort0.0000%8h744.44+0.016%$2K$2.0M10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit QQQ_USDC-PERPETUAL0.0000%1h743.70−0.083%$425K$149K20xas long as short
HTX QQQ-USDT0.0000%8h744.28−0.005%$257K$29K30xas long as short
Phemex QQQUSDTlong0.0000%8h744.32long leg$361K$1.5M10x
Variational Omni QQQ+0.0032%8h743.92−0.053%$17.1M$7.5Mas long as short
Lighter QQQ+0.0032%1h743.81−0.069%$7.7M$17.1M30xas long as short
Lighter RH QQQ+0.0032%1h744.27−0.007%$37.3M$79.5M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h743.51−0.109%$1.2M$534K20xas long as short
Arcus QQQ-USD+0.0040%1h743.10−0.164%$694K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h744.99+0.090%$337K50xas long as short
Binance QQQUSDT+0.0062%8h744.04−0.038%$71.2M$143.3M25xas long as short
Nado QQQ-PERP+0.0089%1h743.61−0.095%$1.5M$920K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.79−0.071%$3.4M$405K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.63−0.093%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.77−0.074%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.25−0.144%$92K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0140%8h744.18−0.019%$319K$1.9M10xas long as short
Phoenix QQQ+0.0161%1h743.78−0.073%$38K$66K20xas long as short
edgeX QQQUSDC+0.0462%4h743.85−0.063%$761K$334K20xas long as short