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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against ApeX Omni+0.001%67s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$410.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.001%, 7d avg +0.012%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni QQQUSDT739.840.0100pay 0.0013% / 1h34m 19s$20K$2.2M50x
ShortKuCoin QQQUSDTM739.850.0100get 0.0100% / 8h7h 34m$3.4M$382K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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: +0.001% → +0.012%
−$1.04
Slippage, 4 orders
−$18.68
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$41.72
Costs to cover
0.407%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 5 min ago; KuCoin: live order book, 3 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 ApeX Omni live order book, 5 min ago3.85 bp9.9 bp −$1025.9 bp −$259doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago1.69 bp12.3 bp −$1290.6 bp −$906doesn'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 −0.0184% / S +0.0271%1h740.25+0.055%$25K26xas long as short
Aster QQQUSDT0.0000%8h740.29+0.060%$822K$865K20xas long as short
OKX QQQ-USDT-SWAP0.0000%8h740.24+0.054%$21.6M$28.2M50xas long as short
RISEx QQQ/USDC0.0000%1h739.99+0.021%$5.4M$5.7M25xas long as short
Gate QQQ_USDT0.0000%8h739.60−0.032%$3.4M$20.6M50xas long as short
Bitget QQQUSDT0.0000%8h740.53+0.093%$16.5M$5.1M20xas long as short
SunX QQQ-USDT0.0000%8h740.67+0.112%$2K$1.7M10xas long as short
HTX QQQ-USDT0.0000%8h740.70+0.116%$250K$41K30xas long as short
Phemex QQQUSDT0.0000%8h740.52+0.092%$364K$1.6M10xas long as short
Variational Omni QQQ+0.0002%8h740.22+0.052%$16.7M$7.2Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit QQQUSDT+0.0007%8h740.38+0.073%$10.6M$5.0M50xas long as short
edgeX QQQUSDC+0.0010%4h740.44+0.081%$757K$335K20xas long as short
BloFin QQQ-USDT+0.0022%8h740.23+0.053%$1.1M$274K20xas long as short
Coinbase International QQQ-PERP-INTX+0.0024%1h739.68−0.022%$1.2M$493K20xas long as short
Binance QQQUSDT+0.0031%8h740.37+0.071%$70.0M$139.5M25xas long as short
Lighter QQQ+0.0032%1h739.98+0.019%$7.6M$15.3M30xas long as short
Lighter RH QQQ+0.0032%1h740.33+0.066%$37.5M$79.6M50xas long as short
Arcus QQQ-USD+0.0040%1h739.39−0.061%$646K$1.7M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h741.16+0.178%$337K50xas long as short
Ondo Perps QQQ-USD.P+0.0050%1h739.24−0.081%$4.2M$1.8M20xas long as short
KuCoin QQQUSDTMshort+0.0100%8h739.85+0.001%$3.4M$382K20x
ApeX Omni QQQUSDTlong+0.0100%1h739.84long leg$20K$2.2M50x
Orderly PERP_QQQ_USDC_mythos+0.0100%8h740.08+0.032%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h739.71−0.017%$92K$1K10xas long as short
Nado QQQ-PERP+0.0150%1h739.78−0.008%$1.6M$742K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0155%1h740.19+0.047%$423K$158K20xas long as short
GRVT QQQ_USDT_Perp+0.0184%8h740.55+0.096%$326K$2.0M10xas long as short
Phoenix QQQ+0.0248%1h739.82−0.003%$38K$65K20xas long as short