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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.036%
Price spread now: Ondo Perps against SunX−0.205%7-day average −0.244% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.234%−$23 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.205%, 7d avg −0.244%
Together, before fees−0.263%+ Points / potential airdropOndo Perps: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.039% dearer against SunX than usual: you sell high and buy low (spread −0.205% now, against its 7-day average of −0.244%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.234% in total) that is about 28 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX QQQ-USDT743.220get 0.0000% / 8h3h 03m$2K$1.9M10x
ShortOndo Perps QQQ-USD.P741.70−0.0010pay 0.0001% / 1h3m 25s$4.2M$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$2.02
Price spread: −0.205% → −0.244%
$3.94
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$11.07
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 2 min ago21.59 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0141% / S +0.0237%1h742.70−0.071%$25K26xas long as short
Ondo Perps QQQ-USD.Pshort−0.0010%1h741.70−0.205%$4.2M$1.8M20x
Aster QQQUSDT0.0000%8h742.73−0.065%$824K$857K20xas long as short
Binance QQQUSDT0.0000%8h742.69−0.071%$69.9M$143.8M25xas long as short
Bybit QQQUSDT0.0000%8h742.72−0.067%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h742.45−0.104%$21.6M$27.5M50xas long as short
Gate QQQ_USDT0.0000%8h742.09−0.152%$3.3M$21.3M50xas long as short
Bitget QQQUSDT0.0000%8h742.89−0.044%$16.7M$5.6M20xas long as short
Variational Omni QQQ0.0000%8h742.76−0.063%$17.1M$7.2Mas long as short
SunX QQQ-USDTlong0.0000%8h743.22long leg$2K$1.9M10x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit QQQ_USDC-PERPETUAL0.0000%1h742.41−0.109%$424K$151K20xas long as short
Coinbase International QQQ-PERP-INTX0.0000%1h742.24−0.132%$1.2M$539K20xas long as short
HTX QQQ-USDT0.0000%8h742.85−0.050%$257K$29K30xas long as short
Phemex QQQUSDT0.0000%8h743.07−0.020%$362K$1.6M10xas long as short
RISEx QQQ/USDC+0.0010%1h742.79−0.058%$5.4M$7.2M25xas long as short
edgeX QQQUSDC+0.0014%4h742.71−0.069%$759K$335K20xas long as short
BloFin QQQ-USDT+0.0022%8h742.86−0.048%$1.1M$246K20xas long as short
Lighter QQQ+0.0032%1h742.55−0.090%$7.6M$15.9M30xas long as short
Lighter RH QQQ+0.0032%1h743.05−0.023%$37.0M$79.6M50xas long as short
Arcus QQQ-USD+0.0040%1h742.02−0.161%$703K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h743.68+0.062%$337K50xas long as short
GRVT QQQ_USDT_Perp+0.0074%8h743.00−0.029%$320K$1.9M10xas long as short
KuCoin QQQUSDTM+0.0100%8h742.41−0.109%$3.4M$345K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h742.35−0.117%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h742.44−0.105%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.96−0.170%$92K$1K10xas long as short
Nado QQQ-PERP+0.0105%1h742.45−0.103%$1.5M$763K20xas long as short
Phoenix QQQ+0.0118%1h742.50−0.097%$38K$66K20xas long as short