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

QQQ

RWAall QQQ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.5% APRnext payment $0.04 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against Binance+0.001%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$250.254% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.072%+$7 on $10k
Price spread, last 7 days−0.023%−$2 · spread now +0.001%, 7d avg +0.007%
Together, before fees+0.049%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance QQQUSDT741.940.0004pay 0.0004% / 8h1h 16m$70.0M$144.5M25x
ShortBybit QQQUSDT741.950get 0.0000% / 8h1h 16m$10.5M$5.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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
−$0.91
Price spread: +0.001% → +0.007%
−$0.64
Slippage, 4 orders
−$4.39
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$26.94
Costs to cover
0.254%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 2 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 Binance live order book, 12 min ago0.07 bp5.1 bp −$55.2 bp −$529.8 bp −$97526.5 bp −$13.3K
Sell Bybit live order book, 2 min ago0.34 bp7.7 bp −$88.8 bp −$8877.3 bp −$7,730doesn'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 −0.0163% / S +0.0254%1h742.13+0.025%$25K26xas long as short
Gate QQQ_USDT−0.0038%8h741.40−0.073%$3.4M$21.5M50xas long as short
Ondo Perps QQQ-USD.P−0.0006%1h741.10−0.113%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h741.99+0.007%$823K$858K20xas long as short
Bybit QQQUSDTshort0.0000%8h741.95+0.001%$10.5M$5.2M50x
OKX QQQ-USDT-SWAP0.0000%8h741.72−0.030%$21.5M$28.3M50xas long as short
RISEx QQQ/USDC0.0000%1h741.74−0.027%$5.5M$6.3M25xas long as short
Bitget QQQUSDT0.0000%8h742.14+0.027%$16.5M$5.5M20xas long as short
Variational Omni QQQ0.0000%8h742.08+0.018%$16.9M$7.3Mas long as short
SunX QQQ-USDT0.0000%8h742.96+0.137%$2K$1.8M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX QQQ-USDT0.0000%8h742.23+0.039%$251K$41K30xas long as short
Phemex QQQUSDT0.0000%8h742.33+0.052%$360K$1.6M10xas long as short
Binance QQQUSDTlong+0.0004%8h741.94long leg$70.0M$144.5M25x
BloFin QQQ-USDT+0.0007%8h741.89−0.007%$1.1M$271K20xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.35−0.080%$1.2M$526K20xas long as short
Lighter QQQ+0.0032%1h741.83−0.015%$7.7M$15.5M30xas long as short
Lighter RH QQQ+0.0032%1h742.15+0.028%$37.1M$81.2M50xas long as short
Arcus QQQ-USD+0.0040%1h741.26−0.092%$687K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.96+0.137%$337K50xas long as short
KuCoin QQQUSDTM+0.0100%8h741.59−0.047%$3.4M$355K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.74−0.027%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.86−0.011%$12K$21K20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0101%1h741.92−0.003%$424K$154K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.37−0.076%$92K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0119%8h742.25+0.041%$322K$2.0M10xas long as short
Nado QQQ-PERP+0.0126%1h741.76−0.024%$1.6M$769K20xas long as short
Phoenix QQQ+0.0205%1h741.63−0.042%$38K$66K20xas long as short
edgeX QQQUSDC+0.0726%4h741.940.000%$759K$336K20xas long as short