Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Bitget against RISEx+0.050%7-day average +0.015% · 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−$17as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.132%−$13 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.050%, 7d avg +0.015%

Together, before fees−0.137%−$14 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: Bitget is 0.035% dearer against RISEx than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx QQQ/USDC	742.61	0	get 0.0000% / 1h	2m 12s	$5.4M	$5.7M	25x
Short	Bitget QQQUSDT	742.98	0	get 0.0000% / 8h	6h 02m	$16.7M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. 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 RISExbpFee BitgetbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.015%: $3.5
Slippage, 4 orders: −$2.92
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.41
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Bitget: 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 RISEx live order book, 5 min ago	0.81 bp	3.8 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.07 bp	6.7 bp −$7	9.7 bp −$97	14.0 bp −$1,397	doesn't fit

QQQ on 28 exchanges

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 −0.0203% / S +0.0285%	1h	742.91	+0.042%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0110%	1h	741.79	−0.110%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0028%	8h	742.99	+0.052%	$1.1M	$230K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.80	+0.026%	$858K	$900K	20x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.57	−0.005%	$21.7M	$30.2M	50x	as long as short
RISEx QQQ/USDClong	0.0000%	1h	742.61	long leg	$5.4M	$5.7M	25x
Gate QQQ_USDT	0.0000%	8h	742.36	−0.033%	$3.5M	$20.4M	50x	as long as short
Bitget QQQUSDTshort	0.0000%	8h	742.98	+0.050%	$16.7M	$5.6M	20x
SunX QQQ-USDT	0.0000%	8h	743.36	+0.102%	$2K	$1.6M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	742.32	−0.038%	$398K	$152K	20x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	742.89	+0.038%	$251K	$38K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.26	+0.088%	$359K	$1.6M	10x	as long as short
Lighter QQQ	+0.0032%	1h	742.47	−0.018%	$7.6M	$15.3M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.92	+0.042%	$38.5M	$79.0M	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0032%	1h	742.13	−0.064%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0034%	8h	742.90	+0.040%	$16.8M	$7.2M	—	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.84	−0.103%	$660K	$1.4M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.72	+0.150%	—	$337K	50x	as long as short
Bybit QQQUSDT	+0.0046%	8h	742.92	+0.042%	$10.6M	$4.9M	50x	as long as short
Binance QQQUSDT	+0.0060%	8h	742.82	+0.028%	$71.5M	$145.6M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.38	−0.030%	$3.4M	$460K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.34	−0.036%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.54	−0.009%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	742.19	−0.055%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0116%	1h	742.64	+0.005%	$1.6M	$771K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0207%	8h	743.25	+0.087%	$319K	$2.0M	10x	as long as short
Phoenix QQQ	+0.0280%	1h	742.55	−0.007%	$38K	$59K	20x	as long as short
edgeX QQQUSDC	+0.0867%	4h	742.95	+0.046%	$760K	$336K	20x	as long as short