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

QQQ

RWAall QQQ markets
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 0.000%
Price spread now: Phemex against SunX−0.005%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1231.231% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.005%, 7d avg −0.015%
Together, before fees+0.008%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX QQQ-USDT742.040get 0.0000% / 8h7m 00s$2K$1.7M10x
ShortPhemex QQQUSDT742.000get 0.0000% / 8h7m 00s$358K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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: −0.005% → −0.015%
$0.94
Slippage, 4 orders
−$103.11
Fee SunX: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$122.17
Costs to cover
1.231%
Break-even
never at this rate
Slippage from SunX: live order book, 9 min ago; Phemex: live order book, 1 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 SunX live order book, 9 min ago21.62 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 1 min ago1.42 bp29.1 bp −$29doesn't fitdoesn't fitdoesn'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
GMX QQQ/USD [ETH-USDC]L −0.0177% / S +0.0265%1h741.75−0.040%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0123%1h740.66−0.186%$4.2M$1.8M20xas long as short
Gate QQQ_USDT−0.0094%8h741.22−0.111%$3.3M$21.7M50xas long as short
BloFin QQQ-USDT−0.0019%8h741.34−0.094%$1.1M$274K20xas long as short
Aster QQQUSDT0.0000%8h741.74−0.040%$824K$864K20xas long as short
Bybit QQQUSDT0.0000%8h741.73−0.042%$10.7M$5.0M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.56−0.065%$21.5M$28.4M50xas long as short
RISEx QQQ/USDC0.0000%1h741.49−0.074%$5.4M$5.9M25xas long as short
Bitget QQQUSDT0.0000%8h741.88−0.022%$16.5M$5.3M20xas long as short
Variational Omni QQQ0.0000%8h741.57−0.063%$16.8M$7.2Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX QQQ-USDTlong0.0000%8h742.04long leg$2K$1.7M10x
Deribit QQQ_USDC-PERPETUAL0.0000%1h741.34−0.094%$424K$156K20xas long as short
HTX QQQ-USDT0.0000%8h742.03−0.001%$251K$41K30xas long as short
Phemex QQQUSDTshort0.0000%8h742.00−0.005%$358K$1.6M10x
Coinbase International QQQ-PERP-INTX+0.0016%1h741.14−0.121%$1.2M$487K20xas long as short
Binance QQQUSDT+0.0025%8h741.77−0.037%$70.3M$140.6M25xas long as short
Lighter QQQ+0.0032%1h741.53−0.069%$7.7M$15.4M30xas long as short
Lighter RH QQQ+0.0032%1h741.88−0.022%$37.4M$81.5M50xas long as short
Arcus QQQ-USD+0.0040%1h740.84−0.162%$647K$1.7M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.64+0.081%$337K50xas long as short
KuCoin QQQUSDTM+0.0100%8h741.32−0.097%$3.4M$356K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.13−0.123%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.43−0.082%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h740.98−0.143%$92K$1K10xas long as short
Nado QQQ-PERP+0.0140%1h741.27−0.103%$1.6M$744K20xas long as short
GRVT QQQ_USDT_Perp+0.0144%8h741.77−0.036%$314K$2.0M10xas long as short
Phoenix QQQ+0.0227%1h741.17−0.117%$38K$65K20xas long as short
edgeX QQQUSDC+0.0942%4h741.62−0.057%$758K$335K20xas long as short