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 −0.040%
Price spread now: Phemex against Bitget+0.019%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$730.732% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.119%−$12 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.019%, 7d avg +0.003%
Together, before fees−0.089%−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget QQQUSDT742.180get 0.0000% / 8h1h 43m$16.6M$5.6M20x
ShortPhemex QQQUSDT742.320get 0.0000% / 8h1h 43m$361K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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: +0.019% → +0.003%
$1.63
Slippage, 4 orders
−$49.2
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$71.58
Costs to cover
0.732%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 4 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 Bitget live order book, 5 min ago0.07 bp6.8 bp −$79.4 bp −$9412.8 bp −$1,276doesn't fit
Sell Phemex live order book, 4 min ago2.96 bp30.2 bp −$30doesn'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 −0.0157% / S +0.0250%1h742.05−0.017%$25K26xas long as short
Ondo Perps QQQ-USD.P−0.0034%1h740.78−0.189%$4.2M$1.8M20xas long as short
Aster QQQUSDT0.0000%8h742.02−0.022%$823K$858K20xas long as short
Bybit QQQUSDT0.0000%8h741.97−0.028%$10.5M$5.2M50xas long as short
OKX QQQ-USDT-SWAP0.0000%8h741.89−0.039%$21.5M$28.4M50xas long as short
RISEx QQQ/USDC0.0000%1h741.98−0.027%$5.5M$6.3M25xas long as short
Gate QQQ_USDT0.0000%8h741.34−0.113%$3.3M$21.5M50xas long as short
Bitget QQQUSDTlong0.0000%8h742.18long leg$16.6M$5.6M20x
Variational Omni QQQ0.0000%8h741.92−0.036%$16.9M$7.3Mas long as short
SunX QQQ-USDT0.0000%8h742.51+0.044%$2K$1.8M10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX QQQ-USDT0.0000%8h742.64+0.062%$251K$41K30xas long as short
Phemex QQQUSDTshort0.0000%8h742.32+0.019%$361K$1.6M10x
Binance QQQUSDT+0.0001%8h742.13−0.007%$70.1M$145.5M25xas long as short
BloFin QQQ-USDT+0.0012%8h741.74−0.059%$1.1M$278K20xas long as short
Coinbase International QQQ-PERP-INTX+0.0016%1h741.73−0.061%$1.2M$550K20xas long as short
Lighter QQQ+0.0032%1h741.83−0.047%$7.6M$15.4M30xas long as short
Lighter RH QQQ+0.0040%1h742.30+0.016%$36.9M$79.9M50xas long as short
Arcus QQQ-USD+0.0040%1h741.11−0.144%$686K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h742.90+0.097%$337K50xas long as short
KuCoin QQQUSDTM+0.0100%8h741.68−0.067%$3.4M$350K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h741.61−0.077%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h741.72−0.062%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h741.24−0.127%$92K$1K10xas long as short
GRVT QQQ_USDT_Perp+0.0109%8h742.27+0.012%$318K$2.0M10xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0128%1h741.72−0.062%$424K$154K20xas long as short
Nado QQQ-PERP+0.0144%1h741.46−0.096%$1.5M$758K20xas long as short
Phoenix QQQ+0.0205%1h741.77−0.055%$38K$66K20xas long as short
edgeX QQQUSDC+0.0211%4h741.89−0.040%$759K$336K20xas long as short