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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against SunX−0.115%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.115% cheaper against SunX than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.8 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX QQQ-USDT742.350get 0.0000% / 8h6h 16m$2K$1.5M10x
ShortOrderly PERP_QQQ_USDC_mythos741.500.0100get 0.0100% / 8h6h 16m$12K$21K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$21
Price spread: −0.115% → 0.000%
−$11.45
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$4.45
Costs to cover
0.140%
Break-even
8.5 days
Slippage unknown: SunX: live order book, 12 min ago; Orderly: 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, 12 min ago21.61 bp25.6 bp −$2654.7 bp −$547doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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 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 −0.0200% / S +0.0283%1h741.76−0.079%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0109%1h740.49−0.251%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h741.88−0.063%$857K$902K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.68−0.090%$21.7M$29.7M50xas long as short
RISEx QQQ/USDC0.0000%1h741.71−0.086%$5.4M$5.8M25xas long as short
Gate QQQ_USDT0.0000%8h741.33−0.137%$3.5M$20.3M50xas long as short
Bitget QQQUSDT0.0000%8h741.84−0.069%$16.7M$5.4M20xas long as short
SunX QQQ-USDTlong0.0000%8h742.35long leg$2K$1.5M10x
HTX QQQ-USDT0.0000%8h741.83−0.070%$251K$38K30xas long as short
Phemex QQQUSDT0.0000%8h742.14−0.028%$361K$1.6M10xas long as short
Show all 28 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin QQQ-USDT+0.0017%8h741.53−0.110%$1.1M$227K20xas long as short
Variational Omni QQQ+0.0025%8h741.58−0.103%$16.8M$7.2Mas long as short
Lighter QQQ+0.0032%1h741.60−0.101%$7.5M$15.0M30xas long as short
Lighter RH QQQ+0.0032%1h742.03−0.043%$38.4M$78.1M50xas long as short
Coinbase International QQQ-PERP-INTX+0.0032%1h741.31−0.140%$1.2M$528K20xas long as short
Arcus QQQ-USD+0.0040%1h741.11−0.167%$648K$1.4M25xas long as short
Bybit QQQUSDT+0.0045%8h741.95−0.054%$10.6M$4.9M50xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.65+0.040%$337K50xas long as short
Binance QQQUSDT+0.0054%8h741.92−0.058%$71.0M$141.2M25xas long as short
KuCoin QQQUSDTM+0.0100%8h741.42−0.125%$3.4M$447K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.16−0.160%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythosshort+0.0100%8h741.50−0.115%$12K$21K20x
Aevo QQQ-PERP+0.0104%1h740.99−0.183%$92K$1K10xas long as short
Nado QQQ-PERP+0.0117%1h741.40−0.128%$1.6M$795K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0141%1h741.43−0.124%$424K$125K20xas long as short
GRVT QQQ_USDT_Perp+0.0193%8h741.90−0.061%$321K$2.0M10xas long as short
edgeX QQQUSDC+0.0276%4h741.57−0.106%$758K$336K20xas long as short
Phoenix QQQ+0.0280%1h741.34−0.136%$38K$59K20xas long as short