Funding arb · Price arb /

QQQ

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Swap Backtest

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 +0.014%

Price spread now: Bybit against SunX−0.065%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$790.791% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.065%, 7d avg −0.030%

Together, before fees+0.054%+$5 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: Bybit is 0.035% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX QQQ-USDT	742.35	0	get 0.0000% / 8h	2h 26m	$2K	$1.8M	10x
Short	Bybit QQQUSDT	741.87	0	get 0.0000% / 8h	2h 26m	$10.6M	$5.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee SunXbpFee BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.030%: −$3.46
Slippage, 4 orders: −$60.1
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$82.57
Costs to cover: 0.791%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Bybit: live order book, 1 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 SunX live order book, 9 min ago	21.60 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.74 bp	7.2 bp −$7	8.8 bp −$88	60.5 bp −$6,049	doesn't fit

QQQ on 28 venues

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 −0.0148% / S +0.0243%	1h	741.88	−0.063%	$25K	—	26x	as long as short
BloFin QQQ-USDT	−0.0019%	8h	741.68	−0.090%	$1.1M	$267K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.95	−0.055%	$823K	$857K	20x	as long as short
Binance QQQUSDT	0.0000%	8h	741.93	−0.057%	$69.9M	$143.7M	25x	as long as short
Bybit QQQUSDTshort	0.0000%	8h	741.87	−0.065%	$10.6M	$5.1M	50x
OKX QQQ-USDT-SWAP	0.0000%	8h	741.64	−0.096%	$21.6M	$28.0M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.89	−0.062%	$5.4M	$7.0M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	741.28	−0.144%	$3.3M	$21.3M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.02	−0.044%	$16.6M	$5.7M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.96	−0.053%	$16.9M	$7.3M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX QQQ-USDTlong	0.0000%	8h	742.35	long leg	$2K	$1.8M	10x
Coinbase International QQQ-PERP-INTX	0.0000%	1h	741.54	−0.109%	$1.2M	$539K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	742.18	−0.023%	$250K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.17	−0.024%	$361K	$1.6M	10x	as long as short
Lighter QQQ	+0.0032%	1h	741.78	−0.077%	$7.7M	$15.6M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.19	−0.022%	$36.8M	$79.8M	50x	as long as short
Ondo Perps QQQ-USD.P	+0.0033%	1h	740.81	−0.207%	$4.2M	$1.8M	20x	as long as short
Arcus QQQ-USD	+0.0040%	1h	740.98	−0.185%	$689K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	742.89	+0.073%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0082%	8h	742.19	−0.021%	$320K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.63	−0.097%	$3.4M	$356K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.65	−0.094%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.63	−0.097%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.09	−0.169%	$92K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0126%	1h	741.56	−0.107%	$1.5M	$765K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	741.77	−0.078%	$38K	$66K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0155%	1h	741.67	−0.092%	$424K	$152K	20x	as long as short
edgeX QQQUSDC	+0.0286%	4h	742.09	−0.036%	$759K	$336K	20x	as long as short