Funding arb · Price arb /

QQQ

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Swap Backtest

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 −0.014%

Price spread now: Gate against Bybit−0.078%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.101%+$10 · spread now −0.078%, 7d avg −0.024%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.053% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit QQQUSDT	744.80	0	get 0.0000% / 8h	6h 17m	$10.7M	$5.0M	50x
Short	Gate QQQ_USDT	744.22	0	get 0.0000% / 8h	6h 17m	$3.3M	$23.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.024%: −$5.35
Slippage, 4 orders: −$3.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.33
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 1 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 Bybit live order book, 1 min ago	0.07 bp	7.7 bp −$8	11.4 bp −$114	75.6 bp −$7,561	doesn't fit
Sell Gate live order book, 1 min ago	0.07 bp	7.6 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit

QQQ on 27 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 −0.0101% / S +0.0205%	1h	744.72	−0.011%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0097%	1h	743.32	−0.199%	$4.2M	$1.9M	20x	as long as short
Bybit QQQUSDTlong	0.0000%	8h	744.80	long leg	$10.7M	$5.0M	50x
OKX QQQ-USDT-SWAP	0.0000%	8h	744.61	−0.026%	$21.7M	$26.5M	50x	as long as short
Gate QQQ_USDTshort	0.0000%	8h	744.22	−0.078%	$3.3M	$23.2M	50x
SunX QQQ-USDT	0.0000%	8h	745.09	+0.039%	$2K	$2.1M	10x	as long as short
Deribit QQQ_USDC-PERPETUAL	0.0000%	1h	744.30	−0.067%	$425K	$148K	20x	as long as short
HTX QQQ-USDT	0.0000%	8h	744.70	−0.013%	$257K	$29K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	744.77	−0.004%	$357K	$1.4M	10x	as long as short
Aster QQQUSDT	+0.0006%	8h	744.46	−0.046%	$841K	$712K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget QQQUSDT	+0.0030%	8h	744.69	−0.015%	$16.9M	$5.9M	20x	as long as short
Lighter QQQ	+0.0032%	1h	744.47	−0.044%	$7.7M	$17.8M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	744.89	+0.012%	$37.4M	$80.3M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	743.72	−0.145%	$705K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	745.57	+0.103%	—	$337K	50x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0048%	1h	744.11	−0.093%	$1.2M	$538K	20x	as long as short
Variational Omni QQQ	+0.0057%	8h	744.49	−0.042%	$17.1M	$7.5M	—	as long as short
Binance QQQUSDT	+0.0083%	8h	744.64	−0.022%	$71.1M	$147.3M	25x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	744.31	−0.066%	$3.4M	$412K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	744.10	−0.094%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	744.36	−0.059%	$12K	$21K	20x	as long as short
Aevo QQQ-PERP	+0.0104%	1h	743.83	−0.130%	$93K	$1K	10x	as long as short
Nado QQQ-PERP	+0.0122%	1h	744.28	−0.070%	$1.5M	$952K	20x	as long as short
RISEx QQQ/USDC	+0.0168%	1h	744.67	−0.017%	$5.4M	$8.0M	25x	as long as short
Phoenix QQQ	+0.0183%	1h	744.18	−0.083%	$38K	$66K	20x	as long as short
GRVT QQQ_USDT_Perp	+0.0198%	8h	744.63	−0.023%	$320K	$1.8M	10x	as long as short
edgeX QQQUSDC	+0.0490%	4h	744.37	−0.058%	$761K	$335K	20x	as long as short