Funding arb · Price arb /

QQQ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.010%

Price spread now: Gate against Arcus+0.020%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.045%−$4 on $10k

Price spread, last 7 days+0.114%+$11 · spread now +0.020%, 7d avg +0.135%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.115% cheaper against Arcus than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.135%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus QQQ-USD	741.21	0.0040	pay 0.0005% / 1h	15m 38s	$686K	$1.6M	25x
Short	Gate QQQ_USDT	741.36	−0.0039	pay 0.0039% / 8h	1h 15m	$3.4M	$21.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$16.65
Price spread: +0.020% → +0.135%: −$11.52
Slippage, 4 orders: −$14.99
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.65
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; Gate: live order book, 3 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 Arcus live order book, 3 min ago	1.08 bp	4.9 bp −$5	7.6 bp −$76	23.7 bp −$2,372	doesn't fit
Sell Gate live order book, 3 min ago	1.55 bp	9.6 bp −$10	13.1 bp −$131	doesn't fit	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 −0.0163% / S +0.0254%	1h	741.99	+0.105%	$25K	—	26x	as long as short
Gate QQQ_USDTshort	−0.0039%	8h	741.36	+0.020%	$3.4M	$21.6M	50x
Ondo Perps QQQ-USD.P	−0.0006%	1h	741.10	−0.015%	$4.2M	$1.8M	20x	as long as short
Aster QQQUSDT	0.0000%	8h	741.79	+0.078%	$823K	$858K	20x	as long as short
Bybit QQQUSDT	0.0000%	8h	741.77	+0.076%	$10.5M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	741.58	+0.050%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	741.74	+0.072%	$5.5M	$6.3M	25x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.14	+0.125%	$16.5M	$5.5M	20x	as long as short
Variational Omni QQQ	0.0000%	8h	741.86	+0.087%	$16.9M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	742.96	+0.236%	$2K	$1.8M	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX QQQ-USDT	0.0000%	8h	742.23	+0.138%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	742.23	+0.138%	$361K	$1.6M	10x	as long as short
Binance QQQUSDT	+0.0004%	8h	741.83	+0.083%	$70.0M	$144.5M	25x	as long as short
BloFin QQQ-USDT	+0.0007%	8h	741.89	+0.092%	$1.1M	$271K	20x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	741.35	+0.019%	$1.2M	$526K	20x	as long as short
Lighter QQQ	+0.0032%	1h	741.69	+0.065%	$7.7M	$15.5M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.04	+0.112%	$37.1M	$81.2M	50x	as long as short
Arcus QQQ-USDlong	+0.0040%	1h	741.21	long leg	$686K	$1.6M	25x
Vest QQQ-USD-PERP	+0.0046%	1h	742.96	+0.236%	—	$337K	50x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	741.58	+0.050%	$3.4M	$355K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	741.75	+0.073%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	741.70	+0.066%	$12K	$21K	20x	as long as short
Deribit QQQ_USDC-PERPETUAL	+0.0101%	1h	741.73	+0.070%	$424K	$155K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	741.21	+0.001%	$92K	$1K	10x	as long as short
GRVT QQQ_USDT_Perp	+0.0119%	8h	742.25	+0.140%	$322K	$2.0M	10x	as long as short
Nado QQQ-PERP	+0.0125%	1h	741.62	+0.055%	$1.6M	$769K	20x	as long as short
Phoenix QQQ	+0.0205%	1h	741.63	+0.057%	$38K	$66K	20x	as long as short
edgeX QQQUSDC	+0.0566%	4h	742.09	+0.119%	$759K	$336K	20x	as long as short