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

QQQ

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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 +0.040%
Price spread now: Bitget against SunX−0.039%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$770.768% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.119%+$12 on $10k
Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.039%, 7d avg −0.015%
Together, before fees+0.077%+$8 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 0.023% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX QQQ-USDT744.730get 0.0000% / 8h4h 13m$1K$1.9M10x
ShortBitget QQQUSDT744.440get 0.0000% / 8h4h 13m$16.9M$5.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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: −0.039% → −0.015%
−$2.34
Slippage, 4 orders
−$56.82
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$79.16
Costs to cover
0.768%
Break-even
never at this rate
Slippage from SunX: live order book, 3 min ago; Bitget: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 3 min ago21.62 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, just now0.07 bp6.5 bp −$68.1 bp −$8112.1 bp −$1,211doesn'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
Ondo Perps QQQ-USD.P−0.0140%1h743.30−0.192%$4.2M$1.8M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0126% / S +0.0225%1h744.28−0.060%$25K26xas long as short
BloFin QQQ-USDT−0.0002%8h744.15−0.078%$1.1M$261K20xas long as short
Aster QQQUSDT0.0000%8h744.23−0.067%$841K$714K20xas long as short
Bybit QQQUSDT0.0000%8h744.29−0.059%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h744.15−0.078%$21.5M$26.9M50xas long as short
RISEx QQQ/USDC0.0000%1h744.35−0.051%$5.4M$7.4M25xas long as short
Gate QQQ_USDT0.0000%8h743.78−0.128%$3.3M$20.8M50xas long as short
Bitget QQQUSDTshort0.0000%8h744.44−0.039%$16.9M$5.7M20x
Variational Omni QQQ0.0000%8h744.30−0.057%$17.1M$7.4Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDTlong0.0000%8h744.73long leg$1K$1.9M10x
HTX QQQ-USDT0.0000%8h744.65−0.011%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h744.49−0.032%$363K$1.5M10xas long as short
Coinbase International QQQ-PERP-INTX+0.0008%1h743.80−0.125%$1.2M$536K20xas long as short
Binance QQQUSDT+0.0026%8h744.28−0.060%$71.0M$141.5M25xas long as short
Lighter QQQ+0.0032%1h744.11−0.083%$7.7M$16.4M30xas long as short
Arcus QQQ-USD+0.0040%1h743.67−0.142%$698K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.24+0.068%$337K50xas long as short
Lighter RH QQQ+0.0048%1h744.55−0.024%$37.0M$79.7M50xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0073%1h744.01−0.097%$425K$150K20xas long as short
GRVT QQQ_USDT_Perp+0.0092%8h744.39−0.046%$324K$1.9M10xas long as short
Nado QQQ-PERP+0.0093%1h743.92−0.108%$1.5M$840K20xas long as short
KuCoin QQQUSDTM+0.0100%8h743.99−0.099%$3.4M$362K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.90−0.111%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.99−0.099%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.43−0.174%$93K$1K10xas long as short
Phoenix QQQ+0.0129%1h743.94−0.106%$38K$66K20xas long as short
edgeX QQQUSDC+0.0627%4h744.18−0.073%$761K$336K20xas long as short