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 −0.014%
Price spread now: Phemex against Bybit+0.026%53s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$770.772% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.026%, 7d avg +0.016%
Together, before fees−0.028%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit QQQUSDT744.010get 0.0000% / 8h6h 35m$10.7M$5.0M50x
ShortPhemex QQQUSDT744.200get 0.0000% / 8h6h 35m$361K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.026% → +0.016%
$0.99
Slippage, 4 orders
−$54.19
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$76.2
Costs to cover
0.772%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Phemex: 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 Bybit live order book, 3 min ago0.07 bp7.9 bp −$814.3 bp −$14385.9 bp −$8,594doesn't fit
Sell Phemex live order book, 2 min ago2.82 bp28.6 bp −$29doesn'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
Ondo Perps QQQ-USD.P−0.0165%1h742.89−0.151%$4.2M$1.9M20xas long as short
GMX QQQ/USD [ETH-USDC]L −0.0097% / S +0.0202%1h744.10+0.011%$25K26xas long as short
Bybit QQQUSDTlong0.0000%8h744.01long leg$10.7M$5.0M50x
OKX QQQ-USDT-SWAP0.0000%8h743.89−0.016%$21.5M$25.6M50xas long as short
Gate QQQ_USDT0.0000%8h743.68−0.044%$3.3M$21.7M50xas long as short
SunX QQQ-USDT0.0000%8h744.46+0.060%$2K$2.1M10xas long as short
HTX QQQ-USDT0.0000%8h744.08+0.009%$257K$29K30xas long as short
Phemex QQQUSDTshort0.0000%8h744.20+0.026%$361K$1.4M10x
Aster QQQUSDT+0.0009%8h744.08+0.009%$841K$712K20xas long as short
BloFin QQQ-USDT+0.0026%8h744.31+0.040%$1.1M$319K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter QQQ+0.0032%1h743.85−0.022%$7.8M$17.7M30xas long as short
Lighter RH QQQ+0.0032%1h744.26+0.034%$37.4M$79.7M50xas long as short
Arcus QQQ-USD+0.0040%1h743.15−0.116%$703K$1.6M25xas long as short
Vest QQQ-USD-PERP+0.0046%1h745.06+0.141%$337K50xas long as short
Coinbase International QQQ-PERP-INTX+0.0048%1h743.40−0.082%$1.2M$536K20xas long as short
Variational Omni QQQ+0.0062%8h743.95−0.008%$17.1M$7.6Mas long as short
Bitget QQQUSDT+0.0066%8h744.13+0.016%$16.9M$5.9M20xas long as short
Binance QQQUSDT+0.0086%8h744.05+0.006%$71.1M$147.6M25xas long as short
KuCoin QQQUSDTM+0.0100%8h743.85−0.022%$3.4M$405K20xas long as short
ApeX Omni QQQUSDT+0.0100%1h743.62−0.052%$20K$2.2M50xas long as short
Orderly PERP_QQQ_USDC_mythos+0.0100%8h743.81−0.027%$12K$21K20xas long as short
Aevo QQQ-PERP+0.0104%1h743.27−0.099%$93K$1K10xas long as short
Nado QQQ-PERP+0.0121%1h743.72−0.039%$1.5M$1.0M20xas long as short
Deribit QQQ_USDC-PERPETUAL+0.0153%1h743.88−0.017%$425K$148K20xas long as short
RISEx QQQ/USDC+0.0168%1h744.13+0.016%$5.4M$8.1M25xas long as short
Phoenix QQQ+0.0183%1h743.66−0.047%$38K$66K20xas long as short
GRVT QQQ_USDT_Perp+0.0230%8h744.26+0.034%$318K$1.8M10xas long as short
edgeX QQQUSDC+0.0751%4h743.92−0.012%$761K$334K20xas long as short