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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%
Price spread now: Bybit against RISEx−0.005%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.236% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.186%−$19 on $10k
Price spread, last 7 days+0.033%+$3 · spread now −0.005%, 7d avg +0.002%
Together, before fees−0.153%−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx QQQ/USDC741.910get 0.0000% / 1h7m 25s$5.5M$5.6M25x
ShortBybit QQQUSDT741.870get 0.0000% / 8h4h 07m$10.9M$5.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.005% → +0.002%
−$0.74
Slippage, 4 orders
−$6.64
Fee RISEx: 3 bp × 2 orders
−$6
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$24.38
Costs to cover
0.236%
Break-even
never at this rate
Slippage from RISEx: live order book, 5 min ago; Bybit: live order book, 4 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 RISEx live order book, 5 min ago1.15 bp4.1 bp −$44.6 bp −$46doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.07 bp7.3 bp −$710.0 bp −$10043.7 bp −$4,373doesn'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 −0.0203% / S +0.0285%1h742.12+0.028%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0197%1h740.27−0.221%$4.2M$1.8M20xas long as short
BloFin QQQ-USDT−0.0012%8h742.08+0.023%$1.1M$254K20xas long as short
Bybit QQQUSDTshort0.0000%8h741.87−0.005%$10.9M$5.0M50x
OKX QQQ-USDT-SWAP0.0000%8h741.90−0.001%$22.1M$30.9M50xas long as short
RISEx QQQ/USDClong0.0000%1h741.91long leg$5.5M$5.6M25x
Gate QQQ_USDT0.0000%8h741.52−0.052%$3.7M$20.5M50xas long as short
SunX QQQ-USDT0.0000%8h742.58+0.091%$2K$1.5M10xas long as short
HTX QQQ-USDT0.0000%8h742.87+0.130%$247K$45K30xas long as short
Phemex QQQUSDT0.0000%8h742.35+0.060%$360K$1.7M10xas long as short
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus QQQ-USD+0.0004%1h741.28−0.085%$651K$1.4M25xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0006%1h741.70−0.028%$398K$102K20xas long as short
Aster QQQUSDT+0.0012%8h742.13+0.030%$855K$925K20xas long as short
Lighter QQQ+0.0032%1h741.42−0.066%$7.2M$16.6M30xas long as short
Lighter RH QQQ+0.0032%1h742.24+0.045%$39.0M$77.3M50xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.01+0.149%$337K50xas long as short
Bitget QQQUSDT+0.0048%8h742.25+0.046%$17.1M$6.0M20xas long as short
Coinbase International QQQ-PERP-INTX+0.0048%1h741.84−0.009%$1.2M$586K20xas long as short
Nado QQQ-PERP+0.0080%1h741.71−0.026%$1.6M$787K20xas long as short
Variational Omni QQQ+0.0088%8h742.06+0.021%$16.8M$6.9Mas long as short
Binance QQQUSDT+0.0100%8h742.08+0.024%$72.4M$150.0M25xas long as short
KuCoin QQQUSDTM+0.0100%8h741.77−0.019%$3.4M$538K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.79−0.016%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.89−0.002%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.37−0.073%$92K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0239%8h742.44+0.072%$315K$2.1M10xas long as short
Phoenix QQQ+0.0409%1h741.75−0.021%$43K$59K20xas long as short
edgeX QQQUSDC+0.0864%4h742.08+0.023%$759K$335K20xas long as short